monday.com (NASDAQ:MNDY - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at Needham & Company LLC in a report issued on Monday,Benzinga reports. They presently have a $250.00 target price on the stock. Needham & Company LLC's target price would indicate a potential upside of 42.26% from the stock's previous close.
A number of other brokerages also recently commented on MNDY. Piper Sandler decreased their target price on monday.com from $325.00 to $300.00 and set an "overweight" rating for the company in a report on Tuesday, August 12th. Bank of America decreased their target price on monday.com from $340.00 to $240.00 and set a "buy" rating for the company in a report on Tuesday, August 12th. The Goldman Sachs Group decreased their target price on monday.com from $350.00 to $270.00 and set a "buy" rating for the company in a report on Wednesday, August 13th. Loop Capital decreased their target price on monday.com from $385.00 to $375.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $300.00 price objective on shares of monday.com in a report on Monday, August 11th. Two research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $305.18.
View Our Latest Analysis on monday.com
monday.com Trading Down 0.7%
NASDAQ MNDY opened at $175.74 on Monday. monday.com has a 1-year low of $171.54 and a 1-year high of $342.64. The stock has a 50-day moving average of $276.72 and a 200-day moving average of $274.76. The firm has a market cap of $8.92 billion, a PE ratio of 237.49, a price-to-earnings-growth ratio of 5.91 and a beta of 1.27.
monday.com (NASDAQ:MNDY - Get Free Report) last released its earnings results on Monday, August 11th. The company reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.25. The company had revenue of $299.01 million during the quarter, compared to analyst estimates of $293.60 million. monday.com had a return on equity of 6.32% and a net margin of 3.63%. monday.com's revenue for the quarter was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.94 EPS. As a group, equities research analysts forecast that monday.com will post 0.46 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Spire Wealth Management grew its stake in shares of monday.com by 7.9% during the 1st quarter. Spire Wealth Management now owns 572 shares of the company's stock valued at $139,000 after purchasing an additional 42 shares during the period. CWM LLC grew its stake in shares of monday.com by 31.3% during the 2nd quarter. CWM LLC now owns 210 shares of the company's stock valued at $66,000 after purchasing an additional 50 shares during the period. Farther Finance Advisors LLC grew its stake in shares of monday.com by 32.7% during the 1st quarter. Farther Finance Advisors LLC now owns 211 shares of the company's stock valued at $55,000 after purchasing an additional 52 shares during the period. Dakota Wealth Management grew its stake in shares of monday.com by 3.0% during the 2nd quarter. Dakota Wealth Management now owns 1,793 shares of the company's stock valued at $564,000 after purchasing an additional 52 shares during the period. Finally, Mesirow Financial Investment Management Inc. grew its stake in shares of monday.com by 6.1% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 950 shares of the company's stock valued at $231,000 after purchasing an additional 55 shares during the period. Institutional investors own 73.70% of the company's stock.
About monday.com
(
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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.
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