monday.com (NASDAQ:MNDY) Given Outperform Rating at William Blair

monday.com (NASDAQ:MNDY - Get Free Report)'s stock had its "outperform" rating reissued by equities research analysts at William Blair in a research report issued to clients and investors on Wednesday,RTT News reports.

Several other equities analysts have also recently weighed in on the company. Piper Sandler restated an "overweight" rating and set a $350.00 price objective on shares of monday.com in a research note on Wednesday. Loop Capital raised their price target on shares of monday.com from $285.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, September 25th. DA Davidson reaffirmed a "neutral" rating and issued a $300.00 price objective on shares of monday.com in a research report on Tuesday, November 12th. Wells Fargo & Company boosted their target price on monday.com from $315.00 to $330.00 and gave the stock an "overweight" rating in a research note on Monday, November 4th. Finally, KeyCorp downgraded monday.com from an "overweight" rating to a "sector weight" rating in a research report on Friday, December 13th. Six research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $309.62.

monday.com Trading Down 7.9 %

NASDAQ MNDY traded down $19.81 during mid-day trading on Wednesday, hitting $231.99. The company's stock had a trading volume of 2,941,914 shares, compared to its average volume of 741,178. The company's 50 day simple moving average is $284.33 and its 200 day simple moving average is $258.70. monday.com has a twelve month low of $170.00 and a twelve month high of $324.99. The firm has a market capitalization of $11.20 billion, a price-to-earnings ratio of 565.83, a PEG ratio of 7.75 and a beta of 1.25.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its 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 company had revenue of $251.00 million during the quarter, compared to the consensus estimate of $246.17 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The firm's revenue for the quarter was up 49.5% on a year-over-year basis. As a group, research analysts forecast that monday.com will post 0.85 EPS for the current year.

Institutional Investors Weigh In On monday.com

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of monday.com during the 3rd quarter worth $43,000. Ridgewood Investments LLC purchased a new position in shares of monday.com during the 2nd quarter valued at about $45,000. Gilliland Jeter Wealth Management LLC lifted its position in monday.com by 72.9% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company's stock worth $58,000 after buying an additional 102 shares during the last quarter. Toronto Dominion Bank purchased a new stake in monday.com in the second quarter worth approximately $120,000. Finally, Vestcor Inc raised its stake in shares of monday.com by 31.4% during the third quarter. Vestcor Inc now owns 519 shares of the company's stock worth $144,000 after acquiring an additional 124 shares in the last quarter. 73.70% of the stock is 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.