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

monday.com (NASDAQ:MNDY) had its price objective hoisted by Canaccord Genuity Group from $295.00 to $310.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also issued research reports about the company. Baird R W raised monday.com to a “hold” rating in a report on Tuesday, July 23rd. Tigress Financial lifted their target price on monday.com from $280.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. increased their price target on monday.com from $270.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. The Goldman Sachs Group lifted their price objective on shares of monday.com from $300.00 to $340.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Finally, Loop Capital upped their price objective on shares of monday.com from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Five research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, monday.com has an average rating of “Moderate Buy” and a consensus price target of $310.10.

monday.com Stock Down 5.3 %

MNDY opened at $260.59 on Tuesday. The firm has a market cap of $12.58 billion, a price-to-earnings ratio of 635.59, a price-to-earnings-growth ratio of 12.91 and a beta of 1.31. monday.com has a 52 week low of $150.10 and a 52 week high of $324.99. The business’s 50 day moving average is $279.27 and its two-hundred day moving average is $247.35.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Monday, November 11th. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.61 by $0.24. monday.com had a net margin of 2.39% and a return on equity of 5.15%. The firm had revenue of $251.00 million during the quarter, compared to the consensus estimate of $246.17 million. During the same quarter in the prior year, the firm earned $0.15 EPS. monday.com’s revenue for the quarter was up 49.5% on a year-over-year basis. Equities analysts expect that monday.com will post 0.5 EPS for the current fiscal year.

Institutional Trading of monday.com

Hedge funds and other institutional investors have recently bought and sold shares of the company. Clearbridge Investments LLC boosted its holdings in monday.com by 2,851.5% in the first quarter. Clearbridge Investments LLC now owns 344,525 shares of the company’s stock worth $77,818,000 after purchasing an additional 332,852 shares during the period. Jennison Associates LLC lifted its position in shares of monday.com by 77.5% in the 3rd quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock worth $202,905,000 after buying an additional 318,837 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of monday.com by 431.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 385,843 shares of the company’s stock valued at $107,176,000 after buying an additional 313,279 shares during the period. Renaissance Technologies LLC boosted its holdings 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. Finally, Bank of New York Mellon Corp grew its position in shares of monday.com by 171.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 273,877 shares of the company’s stock valued at $65,938,000 after buying an additional 172,919 shares during the last quarter. 73.70% of the stock is owned by institutional investors.

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.