monday.com (NASDAQ:MNDY) Raised to "Buy" at DA Davidson

monday.com (NASDAQ:MNDY - Get Free Report) was upgraded by investment analysts at DA Davidson from a "neutral" rating to a "buy" rating in a report issued on Monday, MarketBeat reports. The brokerage presently has a $350.00 price target on the stock. DA Davidson's price target indicates a potential upside of 31.85% from the company's current price.

Several other analysts have also recently weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Canaccord Genuity Group increased their price target on monday.com from $310.00 to $375.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Citigroup upgraded monday.com from a "neutral" rating to a "buy" rating and cut their price objective for the company from $302.00 to $298.00 in a research report on Thursday, January 16th. Piper Sandler increased their target price on monday.com from $345.00 to $385.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Finally, Loop Capital cut their price target on monday.com from $310.00 to $300.00 and set a "buy" rating for the company in a report on Monday, December 23rd. Three equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $354.45.

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monday.com Stock Up 0.3 %

MNDY traded up $0.89 during midday trading on Monday, reaching $265.45. 580,708 shares of the company's stock were exchanged, compared to its average volume of 765,248. monday.com has a one year low of $174.75 and a one year high of $342.64. The firm has a market capitalization of $12.82 billion, a price-to-earnings ratio of 442.42, a price-to-earnings-growth ratio of 16.53 and a beta of 1.27. The business has a 50-day simple moving average of $268.63 and a two-hundred day simple moving average of $269.50.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. As a group, research analysts anticipate that monday.com will post 0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On monday.com

Large investors have recently bought and sold shares of the company. Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of monday.com in the 4th quarter valued at $1,905,000. Employees Retirement System of Texas bought a new stake in shares of monday.com in the fourth quarter worth about $187,000. Polar Asset Management Partners Inc. acquired a new stake in shares of monday.com during the fourth quarter worth about $9,629,000. Mackenzie Financial Corp lifted its holdings in shares of monday.com by 18.2% during the 4th quarter. Mackenzie Financial Corp now owns 2,430 shares of the company's stock valued at $572,000 after purchasing an additional 374 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of monday.com by 12.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 117,436 shares of the company's stock valued at $27,649,000 after purchasing an additional 12,999 shares during the period. Institutional investors own 73.70% of the company's stock.

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.