Orion Portfolio Solutions LLC Acquires 214 Shares of monday.com Ltd. (NASDAQ:MNDY)

Orion Portfolio Solutions LLC grew its stake in monday.com Ltd. (NASDAQ:MNDY) by 19.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,289 shares of the company’s stock after buying an additional 214 shares during the period. Orion Portfolio Solutions LLC’s holdings in monday.com were worth $303,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Prudential Financial Inc. boosted its position in monday.com by 1.3% during the fourth quarter. Prudential Financial Inc. now owns 4,122 shares of the company’s stock valued at $970,000 after acquiring an additional 53 shares during the last quarter. Global Retirement Partners LLC grew its stake in monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock worth $35,000 after purchasing an additional 59 shares during the period. Venturi Wealth Management LLC increased its holdings in monday.com by 7.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company’s stock worth $253,000 after purchasing an additional 76 shares in the last quarter. Vestcor Inc boosted its holdings in shares of monday.com by 16.0% during the 4th quarter. Vestcor Inc now owns 602 shares of the company’s stock worth $142,000 after buying an additional 83 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company’s stock valued at $34,000 after acquiring an additional 88 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

monday.com Stock Up 15.4 %

NASDAQ:MNDY opened at $252.00 on Thursday. monday.com Ltd. has a twelve month low of $174.75 and a twelve month high of $342.64. The stock has a market cap of $12.79 billion, a P/E ratio of 420.00, a PEG ratio of 16.53 and a beta of 1.34. The business’s 50-day moving average price is $270.72 and its two-hundred day moving average price is $268.45.

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group cut their price objective on shares of monday.com from $400.00 to $360.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Piper Sandler lifted their price target on shares of monday.com from $345.00 to $385.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Needham & Company LLC upped their price objective on shares of monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, February 10th. The Goldman Sachs Group lifted their price objective on shares of monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Cantor Fitzgerald increased their price objective on 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 given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $352.64.

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.