monday.com's (MNDY) "Neutral" Rating Reaffirmed at DA Davidson

DA Davidson reaffirmed their neutral rating on shares of monday.com (NASDAQ:MNDY - Free Report) in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports. The firm currently has a $300.00 price objective on the stock.

Other analysts have also issued research reports about the stock. Citigroup lifted their target price on shares of monday.com from $296.00 to $327.00 and gave the company a "neutral" rating in a research report on Wednesday, September 25th. Tigress Financial increased their price objective on shares of monday.com from $280.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, August 21st. Robert W. Baird increased their price objective on shares of monday.com from $265.00 to $270.00 and gave the stock a "neutral" rating in a research report on Tuesday. Capital One Financial assumed coverage on shares of monday.com in a report on Thursday, October 10th. They set an "overweight" rating and a $325.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their target price on shares of monday.com from $270.00 to $300.00 and gave the stock an "overweight" rating in a report on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $310.10.

monday.com Stock Down 5.3 %

Shares of NASDAQ MNDY traded down $14.62 during midday trading on Tuesday, reaching $260.59. 2,101,923 shares of the company's stock traded hands, compared to its average volume of 715,142. The company has a market cap of $12.58 billion, a price-to-earnings ratio of 339.61, a P/E/G ratio of 15.22 and a beta of 1.31. monday.com has a one year low of $150.10 and a one year high of $324.99. The stock's 50 day simple moving average is $279.07 and its 200-day simple moving average is $246.86.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.01 by $0.23. monday.com had a net margin of 4.88% and a return on equity of 4.74%. The business had revenue of $236.11 million during the quarter, compared to the consensus estimate of $227.96 million. Equities analysts predict that monday.com will post 0.5 EPS for the current fiscal year.

Hedge Funds Weigh In On monday.com

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of monday.com in the third quarter worth approximately $43,000. Ridgewood Investments LLC purchased a new stake in shares of monday.com in the second quarter worth approximately $45,000. Gilliland Jeter Wealth Management LLC lifted its position in shares of monday.com by 72.9% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company's stock worth $58,000 after purchasing an additional 102 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in monday.com in the second quarter worth approximately $69,000. Finally, Industrial Alliance Investment Management Inc. increased its holdings in monday.com by 741.7% in the first quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company's stock worth $91,000 after buying an additional 356 shares during the last quarter. 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.