monday.com (NASDAQ:MNDY) Stock Rating Upgraded by DA Davidson

monday.com (NASDAQ:MNDY) was upgraded by equities researchers at DA Davidson from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The brokerage presently has a $350.00 price objective on the stock. DA Davidson’s target price would indicate a potential upside of 36.07% from the company’s current price.

A number of other equities research analysts have also weighed in on the company. Scotiabank lifted their target price on monday.com from $300.00 to $400.00 and gave the company a “sector outperform” rating in a research report on Tuesday, February 11th. KeyCorp raised monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 target price for the company in a research report on Tuesday, February 11th. Cantor Fitzgerald lifted their target price on monday.com from $292.00 to $380.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. William Blair reaffirmed an “outperform” rating on shares of monday.com in a research report on Wednesday, December 18th. Finally, Piper Sandler lifted their target price on monday.com from $345.00 to $385.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $354.45.

monday.com Stock Down 3.2 %

MNDY opened at $257.23 on Monday. The business has a fifty day moving average of $267.18 and a 200 day moving average of $269.58. monday.com has a 52-week low of $174.75 and a 52-week high of $342.64. The stock has a market cap of $12.42 billion, a P/E ratio of 428.72, a PEG ratio of 16.53 and a beta of 1.27.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. Equities analysts anticipate that monday.com will post 0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lansforsakringar Fondforvaltning AB publ purchased a new position in monday.com during the 4th quarter worth $1,905,000. Employees Retirement System of Texas purchased a new position in monday.com during the 4th quarter worth $187,000. Polar Asset Management Partners Inc. purchased a new stake in monday.com during the 4th quarter valued at about $9,629,000. Mackenzie Financial Corp grew its stake in monday.com by 18.2% during the 4th quarter. Mackenzie Financial Corp now owns 2,430 shares of the company’s stock valued at $572,000 after purchasing an additional 374 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in monday.com by 12.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 117,436 shares of the company’s stock valued at $27,649,000 after purchasing an additional 12,999 shares during the last quarter. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

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.