Oppenheimer & Co. Inc. Buys 1,318 Shares of monday.com Ltd. (NASDAQ:MNDY)

Oppenheimer & Co. Inc. grew its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 24.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,765 shares of the company’s stock after buying an additional 1,318 shares during the period. Oppenheimer & Co. Inc.’s holdings in monday.com were worth $1,593,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. New York Life Investment Management LLC bought a new stake in shares of monday.com during the fourth quarter valued at about $202,000. Taylor Frigon Capital Management LLC increased its position in shares of monday.com by 96.2% in the fourth quarter. Taylor Frigon Capital Management LLC now owns 9,256 shares of the company’s stock worth $2,179,000 after purchasing an additional 4,538 shares during the last quarter. Lake Street Advisors Group LLC increased its position in shares of monday.com by 42.6% in the fourth quarter. Lake Street Advisors Group LLC now owns 3,030 shares of the company’s stock worth $713,000 after purchasing an additional 905 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of monday.com by 3.4% in the fourth quarter. Bank of New York Mellon Corp now owns 255,455 shares of the company’s stock worth $60,144,000 after purchasing an additional 8,329 shares during the last quarter. Finally, Arcadia Investment Management Corp MI bought a new position in shares of monday.com in the fourth quarter worth approximately $28,000. 73.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MNDY has been the topic of several research analyst reports. Robert W. Baird upped their price objective on shares of monday.com from $275.00 to $335.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Jefferies Financial Group upped their price objective on shares of monday.com from $300.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Tigress Financial upped their price objective on shares of monday.com from $340.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Wells Fargo & Company upped their target price on monday.com from $340.00 to $380.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Finally, DA Davidson upped their target price on monday.com from $300.00 to $350.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, monday.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $358.32.

monday.com Stock Down 6.2 %

Shares of MNDY stock opened at $278.37 on Tuesday. The stock has a fifty day moving average of $262.44 and a 200 day moving average of $270.24. monday.com Ltd. has a 52 week low of $174.75 and a 52 week high of $342.64. The firm has a market capitalization of $13.44 billion, a price-to-earnings ratio of 463.95, a PEG ratio of 16.53 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last announced its quarterly 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 return on equity of 6.22% and a net margin of 3.33%. Equities research analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current 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.