monday.com (NASDAQ:MNDY) Given Buy Rating at Needham & Company LLC

monday.com (NASDAQ:MNDY - Get Free Report)'s stock had its "buy" rating reaffirmed by Needham & Company LLC in a report issued on Tuesday,Benzinga reports. They currently have a $400.00 target price on the stock. Needham & Company LLC's price objective would suggest a potential upside of 36.53% from the company's previous close.

Other research analysts have also recently issued reports about the company. Scotiabank increased their price objective on monday.com from $315.00 to $330.00 and gave the company a "sector outperform" rating in a report on Friday, May 2nd. Barclays upped their price objective on monday.com from $325.00 to $360.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. lowered their target price on monday.com from $400.00 to $350.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. The Goldman Sachs Group upped their target price on monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Finally, Tigress Financial increased their target price on monday.com from $340.00 to $450.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $346.50.

monday.com Stock Up 0.0%

Shares of MNDY stock traded up $0.14 during trading hours on Tuesday, hitting $292.97. 609,418 shares of the company's stock were exchanged, compared to its average volume of 778,569. The firm has a market cap of $14.87 billion, a P/E ratio of 488.28, a P/E/G ratio of 16.53 and a beta of 1.32. The firm has a 50 day moving average of $258.41 and a two-hundred day moving average of $265.46. monday.com has a fifty-two week low of $188.01 and a fifty-two week high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating 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 firm had revenue of $282.25 million during the quarter, compared to the consensus estimate of $275.93 million. During the same period in the prior year, the company earned $0.61 EPS. The firm's revenue was up 30.2% compared to the same quarter last year. On average, equities analysts forecast that monday.com will post 0.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Stonebridge Financial Group LLC bought a new stake in monday.com during the 4th quarter valued at $25,000. ASR Vermogensbeheer N.V. acquired a new position in shares of monday.com in the 1st quarter worth $25,000. Summit Securities Group LLC acquired a new stake in shares of monday.com in the first quarter worth $25,000. Arcadia Investment Management Corp MI acquired a new stake in shares of monday.com in the fourth quarter worth $28,000. Finally, Grove Bank & Trust acquired a new stake in shares of monday.com in the first quarter worth $30,000. Institutional investors own 73.70% of the company's stock.

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.