monday.com (NASDAQ:MNDY) Price Target Raised to $310.00

monday.com (NASDAQ:MNDY) had its price target raised by Canaccord Genuity Group from $295.00 to $310.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. boosted their price objective on monday.com from $270.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th. Piper Sandler increased their price objective on monday.com from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. UBS Group lifted their target price on shares of monday.com from $240.00 to $280.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 13th. Capital One Financial started coverage on shares of monday.com in a research report on Thursday, October 10th. They issued an “overweight” rating and a $325.00 target price for the company. Finally, Wells Fargo & Company boosted their price target on shares of monday.com from $315.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $310.10.

monday.com Price Performance

Shares of NASDAQ:MNDY opened at $262.89 on Tuesday. The firm has a market capitalization of $12.69 billion, a price-to-earnings ratio of 641.20, a price-to-earnings-growth ratio of 12.55 and a beta of 1.31. The business’s 50 day moving average price is $280.53 and its 200-day moving average price is $248.14. monday.com has a 1 year low of $166.86 and a 1 year high of $324.99.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.24. The business had revenue of $251.00 million for the quarter, compared to analyst estimates of $246.17 million. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The company’s revenue for the quarter was up 49.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.15 earnings per share. On average, sell-side analysts expect that monday.com will post 0.5 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MNDY. Mercer Global Advisors Inc. ADV increased its stake in monday.com by 4.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,124 shares of the company’s stock worth $271,000 after buying an additional 47 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of monday.com by 4.0% in the second quarter. Crossmark Global Holdings Inc. now owns 1,303 shares of the company’s stock worth $314,000 after acquiring an additional 50 shares in the last quarter. Avior Wealth Management LLC increased its position in shares of monday.com by 2.6% during the third quarter. Avior Wealth Management LLC now owns 2,611 shares of the company’s stock worth $725,000 after acquiring an additional 67 shares during the period. FDx Advisors Inc. raised its stake in shares of monday.com by 4.7% in the second quarter. FDx Advisors Inc. now owns 2,000 shares of the company’s stock valued at $482,000 after acquiring an additional 90 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in monday.com by 4.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,065 shares of the company’s stock valued at $497,000 after purchasing an additional 91 shares during the period. Hedge funds and other 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.