Global Retirement Partners LLC Purchases 59 Shares of monday.com Ltd. (NASDAQ:MNDY)

Global Retirement Partners LLC lifted its holdings in monday.com Ltd. (NASDAQ:MNDY) by 64.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 150 shares of the company’s stock after buying an additional 59 shares during the quarter. Global Retirement Partners LLC’s holdings in monday.com were worth $35,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MNDY. FMR LLC increased its stake in monday.com by 112.0% in the third quarter. FMR LLC now owns 1,512,094 shares of the company’s stock valued at $420,014,000 after purchasing an additional 798,791 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of monday.com by 1,024.7% during the 4th quarter. SG Americas Securities LLC now owns 476,392 shares of the company’s stock worth $112,162,000 after acquiring an additional 434,035 shares in the last quarter. Jennison Associates LLC increased its stake in monday.com by 77.5% in the 3rd quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock valued at $202,905,000 after buying an additional 318,837 shares during the last quarter. M&G PLC acquired a new position in monday.com during the third quarter valued at approximately $9,921,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of monday.com by 27.1% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 151,800 shares of the company’s stock valued at $42,165,000 after buying an additional 32,400 shares in the last quarter. 73.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. The Goldman Sachs Group lifted their target price on monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Jefferies Financial Group raised their price target on monday.com from $300.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Barclays boosted their target price on monday.com from $325.00 to $360.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. William Blair reiterated an “outperform” rating on shares of monday.com in a research report on Wednesday, December 18th. Finally, Canaccord Genuity Group increased their price objective on monday.com from $310.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $358.32.

monday.com Stock Performance

Shares of NASDAQ:MNDY opened at $296.77 on Friday. The stock’s 50-day simple moving average is $261.51 and its two-hundred day simple moving average is $270.04. The stock has a market capitalization of $14.33 billion, a price-to-earnings ratio of 494.62, a PEG ratio of 16.53 and a beta of 1.31. monday.com Ltd. has a 52-week low of $174.75 and a 52-week high of $342.64.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.50 EPS 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%. As a group, equities analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

monday.com Company Profile

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.