monday.com (NASDAQ:MNDY) Price Target Raised to $270.00

monday.com (NASDAQ:MNDY) had its price target boosted by Robert W. Baird from $265.00 to $270.00 in a report released on Tuesday,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other research firms have also recently weighed in on MNDY. DA Davidson lifted their price target on shares of monday.com from $250.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Bank of America boosted their price target on shares of monday.com from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. The Goldman Sachs Group raised their price objective on shares of monday.com from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. TD Cowen upped their target price on monday.com from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, Barclays raised their target price on monday.com from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Five research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $310.10.

monday.com Trading Down 3.6 %

Shares of monday.com stock traded down $9.56 on Tuesday, hitting $259.34. 300,867 shares of the company traded hands, compared to its average volume of 721,730. monday.com has a 12-month low of $166.86 and a 12-month high of $324.99. The firm’s 50-day simple moving average is $280.09 and its 200 day simple moving average is $247.65. The company has a market cap of $12.52 billion, a P/E ratio of 655.85, a P/E/G ratio of 12.55 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.24. The business had revenue of $251.00 million during the quarter, compared to analyst estimates of $246.17 million. monday.com had a return on equity of 4.99% and a net margin of 2.39%. monday.com’s revenue for the quarter was up 49.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 earnings per share. Analysts predict that monday.com will post 0.5 earnings per share for the current year.

Hedge Funds Weigh In On monday.com

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