Capital One Financial Initiates Coverage on monday.com (NASDAQ:MNDY)

Equities research analysts at Capital One Financial assumed coverage on shares of monday.com (NASDAQ:MNDY - Get Free Report) in a research note issued on Thursday, MarketBeat reports. The brokerage set an "overweight" rating and a $325.00 price target on the stock. Capital One Financial's price target indicates a potential upside of 15.00% from the stock's previous close.

A number of other equities analysts have also recently commented on the company. The Goldman Sachs Group raised their target price on monday.com from $300.00 to $340.00 and gave the company a "buy" rating in a report on Tuesday, August 13th. Canaccord Genuity Group lifted their price objective on shares of monday.com from $250.00 to $295.00 and gave the company a "buy" rating in a report on Tuesday, August 13th. Barclays increased their target price on shares of monday.com from $300.00 to $325.00 and gave the stock an "overweight" rating in a report on Tuesday, October 1st. Baird R W upgraded shares of monday.com to a "hold" rating in a research note on Tuesday, July 23rd. Finally, KeyCorp reduced their price objective on monday.com from $280.00 to $270.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 2nd. Five investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $297.60.

monday.com Price Performance

Shares of MNDY stock traded up $2.60 during trading hours on Thursday, hitting $282.61. The company had a trading volume of 486,485 shares, compared to its average volume of 723,832. The stock has a market capitalization of $13.64 billion, a PE ratio of 736.87, a price-to-earnings-growth ratio of 13.58 and a beta of 1.32. The company's fifty day moving average is $257.17 and its 200 day moving average is $231.93. monday.com has a fifty-two week low of $122.13 and a fifty-two week high of $285.84.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its earnings results on Monday, August 12th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.23. monday.com had a return on equity of 4.74% and a net margin of 4.88%. The company had revenue of $236.11 million for the quarter, compared to analyst estimates of $227.96 million. Equities analysts forecast that monday.com will post 0.49 earnings per share for the current year.

Hedge Funds Weigh In On monday.com

Several hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in monday.com by 1.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,566 shares of the company's stock worth $714,781,000 after buying an additional 31,304 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of monday.com by 20.2% during the second quarter. Renaissance Technologies LLC now owns 1,122,690 shares of the company's stock worth $270,299,000 after acquiring an additional 188,800 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of monday.com by 12.1% in the 1st quarter. Jennison Associates LLC now owns 782,154 shares of the company's stock valued at $176,665,000 after acquiring an additional 84,182 shares during the period. 1832 Asset Management L.P. raised its position in monday.com by 34.4% in the 2nd quarter. 1832 Asset Management L.P. now owns 667,500 shares of the company's stock valued at $160,707,000 after purchasing an additional 170,800 shares during the last quarter. Finally, Eminence Capital LP boosted its stake in monday.com by 1.4% during the 2nd quarter. Eminence Capital LP now owns 470,717 shares of the company's stock worth $113,330,000 after purchasing an additional 6,349 shares during the period. Hedge funds and other 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.