Values First Advisors Inc. Takes $521,000 Position in monday.com Ltd. (NASDAQ:MNDY)

Values First Advisors Inc. bought a new position in shares of monday.com Ltd. (NASDAQ:MNDY) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 2,772 shares of the company’s stock, valued at approximately $521,000.

Several other hedge funds have also recently bought and sold shares of MNDY. Jackson Square Capital LLC purchased a new stake in monday.com during the 4th quarter worth about $1,647,000. Eventide Asset Management LLC purchased a new stake in monday.com during the 3rd quarter worth about $32,420,000. Natixis Advisors L.P. purchased a new stake in monday.com during the 3rd quarter worth about $1,678,000. Seven Eight Capital LP purchased a new position in shares of monday.com in the 3rd quarter valued at about $1,018,000. Finally, California State Teachers Retirement System increased its holdings in shares of monday.com by 11.0% in the 3rd quarter. California State Teachers Retirement System now owns 19,387 shares of the company’s stock valued at $3,087,000 after acquiring an additional 1,928 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

Analysts Set New Price Targets

MNDY has been the topic of a number of recent analyst reports. Oppenheimer increased their price objective on monday.com from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Tuesday, February 13th. Jefferies Financial Group raised monday.com from a “hold” rating to a “buy” rating and upped their target price for the company from $180.00 to $230.00 in a research report on Friday, January 5th. Needham & Company LLC reissued a “buy” rating and issued a $230.00 target price on shares of monday.com in a research report on Tuesday, February 13th. UBS Group upped their target price on monday.com from $185.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, December 7th. Finally, Piper Sandler reissued an “overweight” rating and issued a $250.00 target price on shares of monday.com in a research report on Tuesday, February 13th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, monday.com currently has a consensus rating of “Moderate Buy” and an average target price of $232.43.

monday.com Stock Down 0.4 %

Shares of MNDY traded down $0.98 during mid-day trading on Thursday, hitting $225.87. The company’s stock had a trading volume of 351,564 shares, compared to its average volume of 831,612. The firm has a 50-day simple moving average of $218.21 and a 200 day simple moving average of $183.53. monday.com Ltd. has a 1-year low of $108.35 and a 1-year high of $239.22.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data on Monday, February 12th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.33. monday.com had a negative return on equity of 0.43% and a negative net margin of 0.26%. The firm had revenue of $202.60 million during the quarter, compared to the consensus estimate of $197.97 million. During the same period last year, the business posted ($0.03) EPS. monday.com’s quarterly revenue was up 35.5% on a year-over-year basis. On average, equities analysts anticipate that monday.com Ltd. will post -0.16 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.