monday.com (NASDAQ:MNDY) Upgraded to Strong-Buy at Scotiabank

monday.com (NASDAQ:MNDY - Get Free Report) was upgraded by research analysts at Scotiabank to a "strong-buy" rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities analysts also recently issued reports on MNDY. Tigress Financial increased their price objective on shares of monday.com from $280.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, August 21st. TD Cowen lifted their price objective on monday.com from $300.00 to $320.00 and gave the stock a "buy" rating in a report on Thursday, September 26th. UBS Group increased their target price on monday.com from $240.00 to $280.00 and gave the company a "neutral" rating in a report on Tuesday, August 13th. Citigroup boosted their price target on monday.com from $296.00 to $327.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 25th. Finally, Oppenheimer raised their price objective on monday.com from $275.00 to $325.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Five equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $310.81.

monday.com Stock Performance

monday.com stock traded up $3.13 during midday trading on Monday, hitting $260.15. 438,084 shares of the company were exchanged, compared to its average volume of 725,148. The business has a fifty day simple moving average of $281.22 and a two-hundred day simple moving average of $250.02. The firm has a market capitalization of $12.56 billion, a PE ratio of 634.51, a price-to-earnings-growth ratio of 12.26 and a beta of 1.31. monday.com has a fifty-two week low of $169.46 and a fifty-two week high of $324.99.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.24. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The company had revenue of $251.00 million during the quarter, compared to analysts' expectations of $246.17 million. During the same quarter in the previous year, the company earned $0.15 earnings per share. The firm's revenue for the quarter was up 49.5% on a year-over-year basis. As a group, equities analysts expect that monday.com will post 0.5 earnings per share for the current year.

Institutional Investors Weigh In On monday.com

Institutional investors have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV grew 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. grew its holdings in shares of monday.com by 4.0% in the second quarter. Crossmark Global Holdings Inc. now owns 1,303 shares of the company's stock valued at $314,000 after purchasing an additional 50 shares in the last quarter. Avior Wealth Management LLC increased its stake in monday.com by 2.6% during the 3rd quarter. Avior Wealth Management LLC now owns 2,611 shares of the company's stock worth $725,000 after buying an additional 67 shares during the period. 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. Finally, Oppenheimer Asset Management Inc. boosted its position in monday.com by 4.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,065 shares of the company's stock valued at $497,000 after buying an additional 91 shares during the period. 73.70% of the stock is owned by institutional investors and hedge funds.

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.