OneDigital Investment Advisors LLC Buys Shares of 2,169 monday.com Ltd. (NASDAQ:MNDY)

OneDigital Investment Advisors LLC acquired a new position in monday.com Ltd. (NASDAQ:MNDY - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,169 shares of the company's stock, valued at approximately $511,000.

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

Analyst Ratings Changes

A number of equities analysts have commented on MNDY shares. UBS Group reduced their target price on shares of monday.com from $350.00 to $310.00 and set a "neutral" rating on the stock in a research note on Tuesday. Cantor Fitzgerald increased their price objective on monday.com from $292.00 to $380.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Robert W. Baird boosted their price target on shares of monday.com from $275.00 to $335.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. Tigress Financial raised their price target on monday.com from $340.00 to $450.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Finally, Piper Sandler lowered their price objective on monday.com from $385.00 to $305.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $344.45.

monday.com Price Performance

Shares of NASDAQ:MNDY traded up $4.69 during trading on Wednesday, reaching $280.99. The company had a trading volume of 420,655 shares, compared to its average volume of 801,073. The stock's fifty day moving average price is $258.24 and its 200 day moving average price is $266.00. monday.com Ltd. has a fifty-two week low of $179.02 and a fifty-two week high of $342.64. The firm has a market capitalization of $14.27 billion, a price-to-earnings ratio of 468.32, a price-to-earnings-growth ratio of 16.53 and a beta of 1.34.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its earnings results on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. On average, equities analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

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.