monday.com (NASDAQ:MNDY) Trading 6% Higher - Still a Buy?

monday.com Ltd. (NASDAQ:MNDY - Get Free Report)'s stock price shot up 6% during mid-day trading on Friday . The stock traded as high as $302.00 and last traded at $302.00. 116,470 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 725,533 shares. The stock had previously closed at $285.02.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Oppenheimer lifted their price target on monday.com from $275.00 to $325.00 and gave the stock an "outperform" rating in a report on Tuesday, October 22nd. DA Davidson reaffirmed a "neutral" rating and set a $300.00 target price on shares of monday.com in a research note on Tuesday, November 12th. Loop Capital increased their price target on shares of monday.com from $285.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th. TD Cowen raised their price target on shares of monday.com from $300.00 to $320.00 and gave the stock a "buy" rating in a report on Thursday, September 26th. Finally, The Goldman Sachs Group upped their price objective on monday.com from $300.00 to $340.00 and gave the company a "buy" rating in a report on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $310.81.

monday.com Trading Up 4.2 %

The stock has a market capitalization of $14.34 billion, a price-to-earnings ratio of 724.56, a price-to-earnings-growth ratio of 8.16 and a beta of 1.25. The company's 50 day moving average is $285.25 and its 200 day moving average is $256.86.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its earnings results 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. The business had revenue of $251.00 million during 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 business's quarterly revenue was up 49.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 EPS. Analysts anticipate that monday.com Ltd. will post 0.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MNDY. Mercer Global Advisors Inc. ADV grew its position 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 buying an additional 47 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of monday.com by 4.0% in the second quarter. Crossmark Global Holdings Inc. now owns 1,303 shares of the company's stock valued at $314,000 after acquiring an additional 50 shares in the last quarter. Avior Wealth Management LLC increased its stake in shares of monday.com by 2.6% during the third quarter. Avior Wealth Management LLC now owns 2,611 shares of the company's stock worth $725,000 after acquiring an additional 67 shares during the period. FDx Advisors Inc. raised its holdings in monday.com by 4.7% during the second quarter. FDx Advisors Inc. now owns 2,000 shares of the company's stock worth $482,000 after purchasing an additional 90 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in monday.com by 4.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,065 shares of the company's stock valued at $497,000 after purchasing an additional 91 shares during the period. 73.70% of the stock is owned by hedge funds and other institutional investors.

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.