monday.com (NASDAQ:MNDY - Free Report) had its target price increased by Piper Sandler from $305.00 to $325.00 in a research note released on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.
Other analysts have also recently issued research reports about the stock. Wells Fargo & Company lowered their price objective on shares of monday.com from $380.00 to $310.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. KeyCorp upgraded shares of monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 target price for the company in a research note on Tuesday, February 11th. UBS Group dropped their price target on shares of monday.com from $350.00 to $310.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Robert W. Baird boosted their price objective on shares of monday.com from $275.00 to $335.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. Finally, Canaccord Genuity Group boosted their target price on shares of monday.com from $310.00 to $375.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $346.50.
View Our Latest Research Report on monday.com
monday.com Stock Performance
Shares of MNDY stock traded up $0.14 during trading hours on Monday, hitting $292.97. The company had a trading volume of 609,418 shares, compared to its average volume of 778,569. monday.com has a 12 month low of $188.01 and a 12 month high of $342.64. The firm has a market capitalization of $14.87 billion, a price-to-earnings ratio of 488.28, a PEG ratio of 16.53 and a beta of 1.32. The firm's fifty day moving average is $258.41 and its 200 day moving average is $265.46.
monday.com (NASDAQ:MNDY - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.70 by $0.40. monday.com had a return on equity of 6.22% and a net margin of 3.33%. The business had revenue of $282.25 million for the quarter, compared to the consensus estimate of $275.93 million. During the same period in the previous year, the business earned $0.61 EPS. monday.com's revenue was up 30.2% compared to the same quarter last year. On average, sell-side analysts expect that monday.com will post 0.46 EPS for the current fiscal year.
Institutional Investors Weigh In On monday.com
A number of hedge funds and other institutional investors have recently bought and sold shares of MNDY. Barclays PLC lifted its position in monday.com by 225.8% during the third quarter. Barclays PLC now owns 17,427 shares of the company's stock valued at $4,840,000 after purchasing an additional 12,078 shares during the period. Principal Financial Group Inc. increased its holdings in shares of monday.com by 35.8% in the 3rd quarter. Principal Financial Group Inc. now owns 53,306 shares of the company's stock worth $14,807,000 after buying an additional 14,059 shares during the last quarter. Park Avenue Securities LLC bought a new position in monday.com during the 4th quarter valued at about $241,000. Channel Wealth LLC bought a new position in monday.com during the 4th quarter valued at about $986,000. Finally, Oak Ridge Investments LLC purchased a new stake in monday.com in the 4th quarter valued at about $633,000. Hedge funds and other 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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