monday.com (NASDAQ:MNDY) Price Target Raised to $270.00

monday.com (NASDAQ:MNDY - Get Free Report) had its price target boosted by equities researchers at Robert W. Baird from $265.00 to $270.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Robert W. Baird's price objective suggests a potential upside of 3.61% from the stock's previous close.

A number of other equities research analysts have also issued reports on the stock. Capital One Financial started coverage on shares of monday.com in a report on Thursday, October 10th. They set an "overweight" rating and a $325.00 price target on the stock. UBS Group increased their price target on shares of monday.com from $240.00 to $280.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 13th. Piper Sandler increased their price target on shares of monday.com from $340.00 to $350.00 and gave the stock an "overweight" rating in a research note on Monday. JPMorgan Chase & Co. upped their price objective 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. Finally, Barclays increased their price target on shares of monday.com from $300.00 to $325.00 and gave the company an "overweight" rating in a report on Tuesday, October 1st. Five equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to MarketBeat.com, monday.com currently has an average rating of "Moderate Buy" and a consensus target price of $310.10.

monday.com Trading Down 5.3 %

MNDY stock traded down $14.62 on Tuesday, hitting $260.59. 2,101,923 shares of the company's stock traded hands, compared to its average volume of 715,142. monday.com has a 1-year low of $150.10 and a 1-year high of $324.99. The stock 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. The stock has a fifty day moving average of $279.07 and a 200-day moving average of $246.86.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly 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 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 anticipate that monday.com will post 0.5 earnings per share for the current fiscal year.

Institutional Trading of monday.com

Institutional investors and hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of monday.com by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 24,039 shares of the company's stock worth $6,677,000 after acquiring an additional 1,353 shares during the period. Brown Capital Management LLC grew its stake in monday.com by 2.4% in the third quarter. Brown Capital Management LLC now owns 110,720 shares of the company's stock worth $30,755,000 after purchasing an additional 2,583 shares in the last quarter. Jennison Associates LLC lifted its stake in monday.com by 77.5% in the third quarter. Jennison Associates LLC now owns 730,478 shares of the company's stock valued at $202,905,000 after buying an additional 318,837 shares during the last quarter. Avior Wealth Management LLC raised its stake in shares of monday.com by 2.6% during the third quarter. Avior Wealth Management LLC now owns 2,611 shares of the company's stock valued at $725,000 after purchasing an additional 67 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in monday.com by 6.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,600 shares of the company's stock worth $2,111,000 after purchasing an additional 479 shares in the last quarter. 73.70% of the stock is owned by hedge funds and other institutional investors.

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.