monday.com Ltd. (NASDAQ:MNDY - Get Free Report)'s share price gapped up before the market opened on Thursday . The stock had previously closed at $234.15, but opened at $241.65. monday.com shares last traded at $239.92, with a volume of 97,102 shares changing hands.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on MNDY shares. Oppenheimer raised their price objective on shares of monday.com from $275.00 to $325.00 and gave the company an "outperform" rating in a research note on Tuesday, October 22nd. Barclays lifted their price target on monday.com from $300.00 to $325.00 and gave the company an "overweight" rating in a research report on Tuesday, October 1st. Capital One Financial started coverage on monday.com in a report on Thursday, October 10th. They issued an "overweight" rating and a $325.00 price objective for the company. Scotiabank lowered their target price on monday.com from $325.00 to $300.00 and set a "sector outperform" rating on the stock in a report on Thursday. Finally, Robert W. Baird upped their price target on shares of monday.com from $265.00 to $270.00 and gave the company a "neutral" rating in a report on Tuesday, November 12th. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, monday.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $310.48.
Check Out Our Latest Stock Analysis on monday.com
monday.com Stock Up 0.6 %
The company's 50-day simple moving average is $257.66 and its 200 day simple moving average is $259.36. The stock has a market capitalization of $11.69 billion, a price-to-earnings ratio of 590.37, a P/E/G ratio of 5.41 and a beta of 1.30.
monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings results on Monday, November 11th. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.61 by $0.24. The company had revenue of $251.00 million for the quarter, compared to the consensus estimate of $246.17 million. monday.com had a return on equity of 4.99% and a net margin of 2.39%. The company's revenue for the quarter was up 49.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 earnings per share. On average, equities analysts expect that monday.com Ltd. will post 0.85 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in MNDY. Rhumbline Advisers grew its stake in shares of monday.com by 25.2% in the second quarter. Rhumbline Advisers now owns 8,446 shares of the company's stock worth $2,033,000 after acquiring an additional 1,701 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of monday.com by 7.0% in the second quarter. Victory Capital Management Inc. now owns 5,677 shares of the company's stock valued at $1,367,000 after buying an additional 370 shares during the period. Oppenheimer Asset Management Inc. grew its position in monday.com by 4.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,065 shares of the company's stock worth $497,000 after buying an additional 91 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in monday.com by 19.3% during the second quarter. Envestnet Asset Management Inc. now owns 185,567 shares of the company's stock valued at $44,677,000 after acquiring an additional 29,982 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its holdings in monday.com by 4.4% in the 2nd 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 in the last quarter. 73.70% of the stock is owned by institutional investors.
About monday.com
(
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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