monday.com (NASDAQ:MNDY) PT Raised to $320.00 at TD Cowen

monday.com (NASDAQ:MNDY) had its price target hoisted by research analysts at TD Cowen from $300.00 to $320.00 in a report released on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. TD Cowen’s price target would suggest a potential upside of 17.66% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. The Goldman Sachs Group increased their price objective on monday.com from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Barclays lifted their price target on shares of monday.com from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. Piper Sandler restated an “overweight” rating and issued a $300.00 price objective (up previously from $270.00) on shares of monday.com in a report on Monday, August 12th. Robert W. Baird lifted their target price on shares of monday.com from $250.00 to $265.00 and gave the company a “neutral” rating in a report on Tuesday, August 13th. Finally, Bank of America boosted their price target on monday.com from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $294.84.

monday.com Trading Down 0.4 %

Shares of MNDY opened at $271.97 on Thursday. monday.com has a 1-year low of $122.13 and a 1-year high of $285.64. The firm’s 50-day moving average price is $250.46 and its 200-day moving average price is $229.02. The firm 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.

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

Institutional Investors Weigh In On monday.com

A number of hedge funds have recently added to or reduced their stakes in MNDY. Ridgewood Investments LLC purchased a new position in shares of monday.com in the 2nd quarter worth $45,000. Gilliland Jeter Wealth Management LLC lifted its holdings in monday.com by 72.9% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock valued at $58,000 after acquiring an additional 102 shares during the period. Opal Wealth Advisors LLC purchased a new position in monday.com in the second quarter worth about $69,000. PNC Financial Services Group Inc. grew its stake in shares of monday.com by 373.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 393 shares of the company’s stock valued at $74,000 after purchasing an additional 310 shares during the period. Finally, Industrial Alliance Investment Management Inc. increased its position in shares of monday.com by 741.7% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company’s stock valued at $91,000 after purchasing an additional 356 shares during the last quarter. 73.70% of the stock is currently owned by hedge funds and other 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.