monday.com (NASDAQ:MNDY) Research Coverage Started at Wolfe Research

Wolfe Research started coverage on shares of monday.com (NASDAQ:MNDY) in a research note published on Tuesday, MarketBeat.com reports. The brokerage issued an outperform rating and a $300.00 price target on the stock.

MNDY has been the subject of several other reports. KeyCorp reduced their price objective on monday.com from $280.00 to $270.00 and set an overweight rating for the company in a report on Tuesday, July 2nd. Needham & Company LLC reissued a buy rating and set a $250.00 price objective on shares of monday.com in a report on Monday, June 17th. Wells Fargo & Company raised their target price on shares of monday.com from $260.00 to $275.00 and gave the stock an overweight rating in a report on Thursday, May 16th. William Blair reiterated an outperform rating on shares of monday.com in a research note on Monday, June 24th. Finally, The Goldman Sachs Group raised their price target on monday.com from $270.00 to $300.00 and gave the stock a buy rating in a research note on Thursday, May 16th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $255.83.

monday.com Stock Performance

Shares of NASDAQ MNDY opened at $231.33 on Tuesday. The firm’s 50 day moving average price is $224.02 and its 200-day moving average price is $212.80. monday.com has a 52-week low of $122.13 and a 52-week high of $251.48. The company has a market cap of $11.17 billion, a PE ratio of 608.78, a P/E/G ratio of 46.92 and a beta of 1.30.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data on Wednesday, May 15th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.25. monday.com had a return on equity of 2.42% and a net margin of 2.53%. The business had revenue of $216.91 million for the quarter, compared to analysts’ expectations of $210.33 million. On average, analysts forecast that monday.com will post 0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On monday.com

A number of institutional investors and hedge funds have recently bought and sold shares of MNDY. Desjardins Global Asset Management Inc. boosted its stake in shares of monday.com by 222.0% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 132 shares of the company’s stock worth $25,000 after acquiring an additional 91 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its stake in monday.com by 13.0% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 806 shares of the company’s stock worth $151,000 after purchasing an additional 93 shares during the period. American International Group Inc. grew its holdings in monday.com by 2.3% during the 1st quarter. American International Group Inc. now owns 4,550 shares of the company’s stock valued at $1,028,000 after buying an additional 102 shares in the last quarter. Yousif Capital Management LLC raised its position in shares of monday.com by 11.9% during the fourth quarter. Yousif Capital Management LLC now owns 1,500 shares of the company’s stock valued at $282,000 after buying an additional 160 shares during the last quarter. Finally, Nvwm LLC lifted its holdings in shares of monday.com by 6.4% in the first quarter. Nvwm LLC now owns 2,735 shares of the company’s stock worth $618,000 after buying an additional 165 shares in the last quarter. 73.70% of the stock is 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.