monday.com (NASDAQ:MNDY - Get Free Report) had its target price decreased by equities research analysts at Piper Sandler from $350.00 to $345.00 in a report released on Monday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Piper Sandler's price objective points to a potential upside of 45.57% from the company's current price.
Several other equities analysts have also commented on MNDY. Needham & Company LLC increased their price objective on monday.com from $300.00 to $350.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Barclays lifted their price target on shares of monday.com from $300.00 to $325.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 1st. Capital One Financial began coverage on shares of monday.com in a research note on Thursday, October 10th. They issued an "overweight" rating and a $325.00 price objective for the company. Robert W. Baird lifted their target price on shares of monday.com from $265.00 to $270.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 12th. Finally, 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. Six investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $312.85.
View Our Latest Research Report on monday.com
monday.com Stock Up 0.7 %
Shares of MNDY stock traded up $1.75 during trading on Monday, hitting $237.00. The company had a trading volume of 783,218 shares, compared to its average volume of 778,769. The stock's 50-day moving average is $271.21 and its two-hundred day moving average is $259.85. The stock has a market capitalization of $11.44 billion, a price-to-earnings ratio of 578.05, a price-to-earnings-growth ratio of 7.61 and a beta of 1.25. monday.com has a 52 week low of $174.75 and a 52 week high of $324.99.
monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings results on Monday, November 11th. The company reported $0.85 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $246.17 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The business's revenue for the quarter was up 49.5% compared to the same quarter last year. On average, research analysts predict that monday.com will post 0.85 EPS for the current fiscal year.
Hedge Funds Weigh In On monday.com
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of monday.com by 112.0% in the 3rd quarter. FMR LLC now owns 1,512,094 shares of the company's stock worth $420,014,000 after acquiring an additional 798,791 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of monday.com by 77.5% during the third quarter. Jennison Associates LLC now owns 730,478 shares of the company's stock valued at $202,905,000 after purchasing an additional 318,837 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of monday.com by 431.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 385,843 shares of the company's stock worth $107,176,000 after purchasing an additional 313,279 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of monday.com by 20.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,122,690 shares of the company's stock worth $270,299,000 after purchasing an additional 188,800 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its stake in shares of monday.com by 34.4% in the 2nd quarter. 1832 Asset Management L.P. now owns 667,500 shares of the company's stock worth $160,707,000 after buying an additional 170,800 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.
monday.com Company Profile
(
Get Free Report)
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.
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