monday.com (NASDAQ:MNDY - Free Report) had its target price hoisted by Oppenheimer from $275.00 to $325.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have an outperform rating on the stock.
Several other equities analysts have also recently commented on MNDY. Canaccord Genuity Group increased their target price on monday.com from $250.00 to $295.00 and gave the company a "buy" rating in a research note on Tuesday, August 13th. Capital One Financial began coverage on monday.com in a research note on Thursday, October 10th. They issued an "overweight" rating and a $325.00 target price on the stock. Wolfe Research started coverage on shares of monday.com in a research note on Tuesday, July 9th. They set an "outperform" rating and a $300.00 target price on the stock. Robert W. Baird increased their target price on shares of monday.com from $250.00 to $265.00 and gave the company a "neutral" rating in a research note on Tuesday, August 13th. Finally, Citigroup raised their price objective on shares of monday.com from $296.00 to $327.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 25th. Five research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, monday.com has an average rating of "Moderate Buy" and an average target price of $303.35.
View Our Latest Stock Analysis on MNDY
monday.com Stock Performance
monday.com stock traded down $0.34 during midday trading on Tuesday, reaching $289.38. The stock had a trading volume of 285,107 shares, compared to its average volume of 707,317. The stock's 50-day simple moving average is $268.32 and its 200 day simple moving average is $235.67. monday.com has a twelve month low of $122.13 and a twelve month high of $293.88. The stock has a market capitalization of $13.97 billion, a PE ratio of 761.53, a price-to-earnings-growth ratio of 13.68 and a beta of 1.32.
monday.com (NASDAQ:MNDY - Get Free Report) last released 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. The business had revenue of $236.11 million for the quarter, compared to analyst estimates of $227.96 million. monday.com had a return on equity of 4.74% and a net margin of 4.88%. Equities analysts predict that monday.com will post 0.49 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV increased 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 acquiring an additional 47 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in monday.com by 4.0% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 1,303 shares of the company's stock worth $314,000 after purchasing an additional 50 shares during the last quarter. FDx Advisors Inc. lifted its holdings in monday.com by 4.7% during the 2nd quarter. FDx Advisors Inc. now owns 2,000 shares of the company's stock worth $482,000 after buying an additional 90 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in monday.com by 4.6% during the 2nd 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. Finally, American International Group Inc. boosted its position in monday.com by 2.3% in the 1st quarter. American International Group Inc. now owns 4,550 shares of the company's stock valued at $1,028,000 after buying an additional 102 shares during the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.
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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