AssuredPartners Investment Advisors LLC Invests $226,000 in monday.com Ltd. (NASDAQ:MNDY)

AssuredPartners Investment Advisors LLC acquired a new stake in shares of monday.com Ltd. (NASDAQ:MNDY) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 960 shares of the company’s stock, valued at approximately $226,000.

Other institutional investors also recently bought and sold shares of the company. Stonebridge Financial Group LLC purchased a new stake in shares of monday.com during the 4th quarter valued at about $25,000. Arcadia Investment Management Corp MI bought a new stake in monday.com during the fourth quarter valued at approximately $28,000. R Squared Ltd purchased a new stake in monday.com during the fourth quarter valued at approximately $33,000. Signaturefd LLC raised its position in monday.com by 157.1% in the fourth quarter. Signaturefd LLC now owns 144 shares of the company’s stock worth $34,000 after acquiring an additional 88 shares during the period. Finally, Global Retirement Partners LLC boosted its stake in shares of monday.com by 64.8% during the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock worth $35,000 after acquiring an additional 59 shares during the last quarter. Institutional investors own 73.70% of the company’s stock.

monday.com Trading Down 3.4 %

Shares of monday.com stock opened at $247.01 on Friday. The firm has a market cap of $12.54 billion, a PE ratio of 411.68, a PEG ratio of 16.53 and a beta of 1.27. The stock has a 50 day moving average of $272.99 and a 200 day moving average of $270.11. monday.com Ltd. has a 12 month low of $174.75 and a 12 month high of $342.64.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. As a group, equities research analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MNDY has been the subject of several analyst reports. Tigress Financial upped their price objective on monday.com from $340.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. DA Davidson upgraded monday.com from a “neutral” rating to a “buy” rating and set a $350.00 price target for the company in a research report on Monday, March 17th. KeyCorp raised monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price objective on the stock in a research report on Tuesday, February 11th. Wells Fargo & Company boosted their price objective on monday.com from $340.00 to $380.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Finally, Cantor Fitzgerald raised their target price on shares of monday.com from $292.00 to $380.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $354.45.

About monday.com

monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, the United Kingdom, and internationally. The company provides Work OS, a cloud-based visual work operating system that consists of modular building blocks used and assembled to create software applications and work management tools.