DA Davidson Reiterates Neutral Rating for monday.com (NASDAQ:MNDY)

DA Davidson restated their neutral rating on shares of monday.com (NASDAQ:MNDY) in a report published on Tuesday, MarketBeat.com reports. They currently have a $300.00 target price on the stock.

A number of other equities analysts have also issued reports on MNDY. Wells Fargo & Company increased their target price on shares of monday.com from $315.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Baird R W upgraded monday.com to a “hold” rating in a report on Tuesday, July 23rd. JPMorgan Chase & Co. increased their target price on monday.com from $270.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, August 13th. Piper Sandler raised their price target on shares of monday.com from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Loop Capital raised their price target on monday.com from $285.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Five research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $310.10.

monday.com Trading Down 3.6 %

NASDAQ MNDY traded down $9.56 during trading hours on Tuesday, reaching $259.34. 300,867 shares of the company traded hands, compared to its average volume of 721,730. The stock has a market capitalization of $12.52 billion, a PE ratio of 655.85, a PEG ratio of 12.55 and a beta of 1.31. The company has a 50 day moving average of $280.09 and a two-hundred day moving average of $247.65. monday.com has a 12 month low of $166.86 and a 12 month high of $324.99.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, November 11th. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.24. monday.com had a return on equity of 4.99% and a net margin of 2.39%. The company had revenue of $251.00 million during the quarter, compared to the consensus estimate of $246.17 million. During the same period in the previous year, the firm posted $0.15 earnings per share. monday.com’s quarterly revenue was up 49.5% compared to the same quarter last year. On average, equities research analysts anticipate that monday.com will post 0.5 earnings per share for the current year.

Institutional Trading of monday.com

A number of institutional investors and hedge funds have recently modified their holdings of MNDY. Price T Rowe Associates Inc. MD grew its stake in shares of monday.com by 1.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,566 shares of the company’s stock valued at $714,781,000 after purchasing an additional 31,304 shares during the period. FMR LLC grew its stake in shares of monday.com by 112.0% during the third quarter. FMR LLC now owns 1,512,094 shares of the company’s stock valued at $420,014,000 after purchasing an additional 798,791 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of monday.com by 20.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,122,690 shares of the company’s stock valued at $270,299,000 after buying an additional 188,800 shares during the period. Jennison Associates LLC increased its position in monday.com by 77.5% in the third quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock worth $202,905,000 after purchasing an additional 318,837 shares during the period. Finally, 1832 Asset Management L.P. raised its stake in shares of monday.com by 34.4% during the second quarter. 1832 Asset Management L.P. now owns 667,500 shares of the company’s stock worth $160,707,000 after buying an additional 170,800 shares during the last quarter. 73.70% of the stock is currently owned by 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.