monday.com (NASDAQ:MNDY) Price Target Raised to $275.00

monday.com (NASDAQ:MNDY) had its target price hoisted by Robert W. Baird from $270.00 to $275.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Other analysts have also issued reports about the stock. Oppenheimer upped their price target on shares of monday.com from $275.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Barclays increased their target price on monday.com from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Cantor Fitzgerald started coverage on monday.com in a research note on Friday, January 17th. They issued an “overweight” rating and a $292.00 price target on the stock. Wells Fargo & Company increased their price objective on monday.com from $315.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Finally, Piper Sandler cut their target price on shares of monday.com from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Five investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, monday.com currently has an average rating of “Moderate Buy” and an average price target of $310.68.

monday.com Trading Down 1.9 %

Shares of NASDAQ MNDY opened at $248.90 on Tuesday. The stock’s 50-day moving average is $254.39 and its 200 day moving average is $259.51. The stock has a market cap of $12.02 billion, a price-to-earnings ratio of 607.07, a P/E/G ratio of 6.13 and a beta of 1.30. monday.com has a 1-year low of $174.75 and a 1-year high of $324.99.

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

Hedge Funds Weigh In On monday.com

A number of institutional investors have recently added to or reduced their stakes in MNDY. China Universal Asset Management Co. Ltd. purchased a new position in shares of monday.com during the third quarter valued at approximately $1,667,000. International Assets Investment Management LLC purchased a new position in monday.com during the third quarter valued at $21,989,000. Taylor Frigon Capital Management LLC bought a new stake in monday.com in the third quarter worth $1,311,000. Jennison Associates LLC grew its stake in shares of monday.com by 77.5% in the third quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock worth $202,905,000 after acquiring an additional 318,837 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of monday.com by 6.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 36,572 shares of the company’s stock worth $10,159,000 after acquiring an additional 2,196 shares during the last quarter. 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.