monday.com Ltd. (NASDAQ:MNDY - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $294.88 and last traded at $294.88, with a volume of 289582 shares trading hands. The stock had previously closed at $282.52.
Analysts Set New Price Targets
A number of research firms have commented on MNDY. JPMorgan Chase & Co. boosted their price target on shares of monday.com from $270.00 to $300.00 and gave the company an "overweight" rating in a research report on Tuesday, August 13th. Capital One Financial began coverage on shares of monday.com in a research report on Thursday, October 10th. They issued an "overweight" rating and a $325.00 price target on the stock. Needham & Company LLC restated a "buy" rating and issued a $300.00 price target on shares of monday.com in a research report on Thursday, September 26th. Citigroup boosted their price target 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. Finally, DA Davidson boosted their price target on shares of monday.com from $250.00 to $300.00 and gave the company a "neutral" rating in a research report on Wednesday, September 25th. Five investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $303.35.
Check Out Our Latest Analysis on monday.com
monday.com Stock Up 5.2 %
The company's fifty day moving average is $269.32 and its two-hundred day moving average is $236.51. The firm has a market capitalization of $14.35 billion, a price-to-earnings ratio of 770.53, a price-to-earnings-growth ratio of 13.68 and a beta of 1.32.
monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings data on Monday, August 12th. The company reported $0.24 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $227.96 million. On average, equities research analysts expect that monday.com Ltd. will post 0.49 EPS for the current year.
Hedge Funds Weigh In On monday.com
Several institutional investors and hedge funds have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV increased its stake in monday.com by 4.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,124 shares of the company's stock worth $271,000 after purchasing an additional 47 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of monday.com by 4.0% during the second quarter. Crossmark Global Holdings Inc. now owns 1,303 shares of the company's stock worth $314,000 after acquiring an additional 50 shares during the period. FDx Advisors Inc. lifted its position in monday.com by 4.7% in the 2nd quarter. FDx Advisors Inc. now owns 2,000 shares of the company's stock valued at $482,000 after acquiring an additional 90 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in monday.com by 4.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,065 shares of the company's stock worth $497,000 after purchasing an additional 91 shares during the period. Finally, American International Group Inc. increased its holdings in monday.com by 2.3% during the 1st quarter. American International Group Inc. now owns 4,550 shares of the company's stock worth $1,028,000 after purchasing an additional 102 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.
About monday.com
(
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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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