monday.com (NASDAQ:MNDY) PT Raised to $310.00

monday.com (NASDAQ:MNDY) had its price target raised by equities researchers at Loop Capital from $285.00 to $310.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Loop Capital’s price objective points to a potential upside of 13.52% from the stock’s current price.

A number of other analysts have also commented on the stock. DA Davidson boosted their price objective on shares of monday.com from $230.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 13th. Robert W. Baird raised their price objective on monday.com from $250.00 to $265.00 and gave the company a “neutral” rating in a report on Tuesday, August 13th. Needham & Company LLC upped their target price on monday.com from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, August 12th. The Goldman Sachs Group raised their price target on monday.com from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Finally, KeyCorp dropped their price objective on monday.com from $280.00 to $270.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 2nd. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, monday.com presently has an average rating of “Moderate Buy” and an average price target of $294.84.

monday.com Trading Down 2.7 %

MNDY stock opened at $273.09 on Wednesday. The stock has a 50-day moving average price of $249.60 and a two-hundred day moving average price of $228.64. monday.com has a 1 year low of $122.13 and a 1 year high of $285.64. The stock has a market cap of $13.18 billion, a PE ratio of 718.66, a price-to-earnings-growth ratio of 13.58 and a beta of 1.32.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.23. The business had revenue of $236.11 million during the quarter, compared to the consensus estimate of $227.96 million. monday.com had a return on equity of 4.74% and a net margin of 4.88%. On average, analysts forecast that monday.com will post 0.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On monday.com

Institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. increased its position in monday.com by 13.8% during the fourth 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. increased its holdings in shares of monday.com by 22.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 7,100 shares of the company’s stock worth $1,333,000 after purchasing an additional 1,300 shares during the period. Intech Investment Management LLC acquired a new stake in shares of monday.com in the fourth quarter valued at approximately $324,000. TD Asset Management Inc boosted its stake in shares of 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 buying an additional 1,479 shares during the period. Finally, Capstone Investment Advisors LLC grew 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 in the last quarter. Institutional investors 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.