monday.com (NASDAQ:MNDY) Receives "Overweight" Rating from Piper Sandler

monday.com (NASDAQ:MNDY - Get Free Report)'s stock had its "overweight" rating reissued by investment analysts at Piper Sandler in a note issued to investors on Friday,Benzinga reports. They presently have a $325.00 price objective on the stock. Piper Sandler's price target points to a potential upside of 4.66% from the stock's previous close.

MNDY has been the subject of a number of other reports. Canaccord Genuity Group lowered their price objective on shares of monday.com from $375.00 to $350.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. UBS Group decreased their target price on shares of monday.com from $350.00 to $310.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Scotiabank increased their price target on monday.com from $315.00 to $330.00 and gave the company a "sector outperform" rating in a research note on Friday, May 2nd. Loop Capital cut their price objective on monday.com from $385.00 to $375.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Finally, Wells Fargo & Company set a $365.00 price objective on monday.com and gave the stock an "overweight" rating in a research report on Friday, June 13th. Four research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $347.09.

monday.com Trading Up 1.6%

monday.com stock traded up $5.02 during trading hours on Friday, reaching $310.54. 111,202 shares of the stock were exchanged, compared to its average volume of 737,119. The stock has a 50 day moving average of $286.21 and a two-hundred day moving average of $267.48. The company has a market cap of $15.77 billion, a P/E ratio of 316.88, a price-to-earnings-growth ratio of 107.96 and a beta of 1.30. monday.com has a twelve month low of $188.01 and a twelve month high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.40. The business had revenue of $282.25 million for the quarter, compared to analyst estimates of $275.93 million. monday.com had a return on equity of 7.87% and a net margin of 5.08%. monday.com's revenue was up 30.2% compared to the same quarter last year. During the same period last year, the firm posted $0.61 earnings per share. On average, analysts expect that monday.com will post 0.46 earnings per share for the current fiscal year.

Institutional Trading of monday.com

A number of large investors have recently bought and sold shares of MNDY. ASR Vermogensbeheer N.V. bought a new stake in shares of monday.com during the 1st quarter valued at about $25,000. Summit Securities Group LLC acquired a new position in monday.com in the first quarter valued at approximately $25,000. NewEdge Advisors LLC boosted its holdings in shares of monday.com by 2,120.0% during the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company's stock worth $27,000 after buying an additional 106 shares in the last quarter. Grove Bank & Trust acquired a new stake in shares of monday.com during the 1st quarter worth approximately $30,000. Finally, Signaturefd LLC grew its position in shares of monday.com by 157.1% during the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock worth $34,000 after buying an additional 88 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.

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.

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