monday.com (NASDAQ:MNDY) Price Target Raised to $300.00

monday.com (NASDAQ:MNDY) had its target price lifted by DA Davidson from $250.00 to $300.00 in a research note published on Wednesday, Benzinga reports. DA Davidson currently has a neutral rating on the stock.

Other analysts have also recently issued research reports about the stock. Bank of America raised their price objective on shares of monday.com from $280.00 to $300.00 and gave the company a buy rating in a research note on Tuesday, August 13th. Loop Capital lifted their price target on shares of monday.com from $285.00 to $310.00 and gave the company a buy rating in a research report on Wednesday. JPMorgan Chase & Co. upped their price target on monday.com from $270.00 to $300.00 and gave the stock an overweight rating in a report on Tuesday, August 13th. Canaccord Genuity Group raised their price objective on monday.com from $250.00 to $295.00 and gave the company a buy rating in a research note on Tuesday, August 13th. Finally, Robert W. Baird boosted their target price on monday.com from $250.00 to $265.00 and gave the stock a neutral rating in a research report on Tuesday, August 13th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, monday.com has a consensus rating of Moderate Buy and a consensus target price of $294.84.

monday.com Trading Down 0.4 %

NASDAQ MNDY opened at $271.97 on Wednesday. The stock has a market capitalization of $13.13 billion, a price-to-earnings ratio of 715.71, a PEG ratio of 13.58 and a beta of 1.32. The business’s 50 day moving average is $250.46 and its two-hundred day moving average is $229.02. monday.com has a 12-month low of $122.13 and a 12-month high of $285.64.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, August 12th. The company reported $0.24 earnings per share for the quarter, topping 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 firm 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 fiscal year.

Hedge Funds Weigh In On monday.com

A number of institutional investors have recently modified their holdings of MNDY. Principal Financial Group Inc. grew its stake in monday.com by 13.8% in the 4th quarter. Principal Financial Group Inc. now owns 1,914 shares of the company’s stock worth $359,000 after acquiring an additional 232 shares during the period. Nomura Asset Management Co. Ltd. grew its position in shares of monday.com by 22.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 7,100 shares of the company’s stock valued at $1,333,000 after purchasing an additional 1,300 shares during the period. Intech Investment Management LLC purchased a new stake in shares of monday.com in the fourth quarter valued at $324,000. TD Asset Management Inc increased its stake in monday.com by 26.0% in the fourth quarter. TD Asset Management Inc now owns 7,176 shares of the company’s stock valued at $1,348,000 after purchasing an additional 1,479 shares during the last quarter. Finally, Capstone Investment Advisors LLC lifted its position in monday.com by 61.4% during the fourth quarter. Capstone Investment Advisors LLC now owns 5,813 shares of the company’s stock worth $1,092,000 after buying an additional 2,212 shares during the period. Institutional investors and hedge funds 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.