monday.com (NASDAQ:MNDY) PT Raised to $327.00 at Citigroup

monday.com (NASDAQ:MNDY) had its price objective upped by Citigroup from $296.00 to $327.00 in a research note published on Wednesday morning, Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts have also weighed in on the stock. KeyCorp cut their target price on shares of monday.com from $280.00 to $270.00 and set an overweight rating for the company in a report on Tuesday, July 2nd. William Blair reissued an outperform rating on shares of monday.com in a research note on Monday, June 24th. Bank of America lifted their price target on monday.com from $280.00 to $300.00 and gave the company a buy rating in a research note on Tuesday, August 13th. TD Cowen increased their price target on monday.com from $275.00 to $300.00 and gave the stock a buy rating in a research report on Tuesday, August 13th. Finally, Piper Sandler reissued an overweight rating and issued a $300.00 price objective (up from $270.00) on shares of monday.com in a report on Monday, August 12th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, monday.com currently has a consensus rating of Moderate Buy and an average price target of $294.84.

monday.com Price Performance

Shares of MNDY stock opened at $271.97 on Wednesday. The business has a fifty day moving average of $250.46 and a 200 day moving average of $229.05. monday.com has a 1 year low of $122.13 and a 1 year high of $285.64. The firm has a market capitalization of $13.13 billion, a price-to-earnings ratio of 715.71, a price-to-earnings-growth ratio of 13.58 and a beta of 1.32.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, August 12th. The company reported $0.24 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 firm had revenue of $236.11 million for the quarter, compared to analyst estimates of $227.96 million. As a group, equities research analysts expect that monday.com will post 0.49 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in monday.com during the second quarter worth approximately $28,747,000. Sanctuary Advisors LLC purchased a new stake in shares of monday.com during the 2nd quarter worth approximately $285,000. Truist Financial Corp boosted its holdings in shares of monday.com by 4.1% in the 2nd quarter. Truist Financial Corp now owns 4,993 shares of the company’s stock valued at $1,202,000 after buying an additional 195 shares in the last quarter. Mackenzie Financial Corp grew its position in shares of monday.com by 23.0% in the 2nd quarter. Mackenzie Financial Corp now owns 1,981 shares of the company’s stock valued at $477,000 after buying an additional 371 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of monday.com by 19.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,355 shares of the company’s stock valued at $2,975,000 after buying an additional 2,023 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

About monday.com

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.