monday.com (NASDAQ:MNDY) Coverage Initiated by Analysts at Cantor Fitzgerald

Equities research analysts at Cantor Fitzgerald started coverage on shares of monday.com (NASDAQ:MNDY - Get Free Report) in a research note issued on Friday, MarketBeat reports. The firm set an "overweight" rating and a $292.00 price target on the stock. Cantor Fitzgerald's price target points to a potential upside of 20.39% from the stock's current price.

Several other equities research analysts also recently commented on the stock. Oppenheimer upped their price objective on shares of monday.com from $275.00 to $325.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. DA Davidson reaffirmed a "neutral" rating and issued a $300.00 price objective on shares of monday.com in a report on Tuesday, November 12th. Wells Fargo & Company increased their target price on monday.com from $315.00 to $330.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. TD Cowen increased their price objective on monday.com from $300.00 to $320.00 and gave the stock a "buy" rating in a report on Thursday, September 26th. Finally, William Blair reaffirmed an "outperform" rating on shares of monday.com in a research note on Wednesday, December 18th. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $310.48.

monday.com Price Performance

Shares of monday.com stock traded up $1.94 on Friday, reaching $242.55. 380,387 shares of the company traded hands, compared to its average volume of 965,923. The company has a 50 day moving average of $257.66 and a 200 day moving average of $259.36. monday.com has a 52 week low of $174.75 and a 52 week high of $324.99. The firm has a market capitalization of $11.71 billion, a PE ratio of 591.22, a PEG ratio of 5.41 and a beta of 1.30.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.24. monday.com had a return on equity of 4.99% and a net margin of 2.39%. The business had revenue of $251.00 million during the quarter, compared to analyst estimates of $246.17 million. During the same period in the prior year, the company earned $0.15 earnings per share. monday.com's revenue was up 49.5% compared to the same quarter last year. As a group, analysts anticipate that monday.com will post 0.85 earnings per share for the current year.

Institutional Trading of monday.com

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC raised its holdings in monday.com by 1,024.7% during the 4th quarter. SG Americas Securities LLC now owns 476,392 shares of the company's stock valued at $112,162,000 after buying an additional 434,035 shares during the last quarter. Legal Advantage Investments Inc. purchased a new stake in shares of monday.com during the fourth quarter worth about $235,000. Oak Ridge Investments LLC bought a new stake in shares of monday.com in the fourth quarter worth about $633,000. Channel Wealth LLC purchased a new position in monday.com during the 4th quarter valued at about $986,000. Finally, Park Avenue Securities LLC bought a new position in monday.com during the 4th quarter valued at approximately $241,000. Institutional investors own 73.70% of the company's stock.

About monday.com

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.