monday.com (NASDAQ:MNDY) Earns Outperform Rating from William Blair

William Blair reaffirmed their outperform rating on shares of monday.com (NASDAQ:MNDY) in a research report report published on Monday, RTT News reports.

A number of other research firms also recently issued reports on MNDY. Canaccord Genuity Group raised their price target on monday.com from $220.00 to $250.00 and gave the stock a buy rating in a research note on Thursday, May 16th. Oppenheimer increased their price target on shares of monday.com from $240.00 to $250.00 and gave the stock an outperform rating in a research note on Thursday, May 16th. KeyCorp lifted their price objective on shares of monday.com from $275.00 to $280.00 and gave the company an overweight rating in a research note on Thursday, May 16th. Bank of America began coverage on monday.com in a report on Monday, February 26th. They set a buy rating and a $280.00 price target on the stock. Finally, Tigress Financial upped their price objective on monday.com from $240.00 to $280.00 and gave the company a buy rating in a research note on Tuesday, March 5th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $253.82.

monday.com Trading Up 2.9 %

MNDY stock opened at $236.28 on Monday. The stock has a market cap of $11.41 billion, a P/E ratio of 621.81 and a beta of 1.30. monday.com has a twelve month low of $122.13 and a twelve month high of $249.00. The company’s 50 day moving average is $213.33 and its two-hundred day moving average is $209.13.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Wednesday, May 15th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.11) by $0.25. monday.com had a net margin of 2.53% and a return on equity of 2.42%. The firm had revenue of $216.91 million for the quarter, compared to analyst estimates of $210.33 million. On average, equities research analysts predict that monday.com will post 0.12 earnings per share for the current year.

Institutional Trading of monday.com

A number of institutional investors have recently added to or reduced their stakes in MNDY. Desjardins Global Asset Management Inc. boosted its stake in shares of monday.com by 222.0% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 132 shares of the company’s stock worth $25,000 after acquiring an additional 91 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of monday.com by 2.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 34,044 shares of the company’s stock valued at $65,000 after buying an additional 691 shares in the last quarter. PNC Financial Services Group Inc. raised 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 worth $74,000 after buying an additional 310 shares during the last quarter. Industrial Alliance Investment Management Inc. boosted its position in shares of monday.com by 741.7% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company’s stock worth $91,000 after buying an additional 356 shares in the last quarter. Finally, RiverPark Advisors LLC purchased a new position in monday.com during the 1st quarter valued at about $130,000. Hedge funds and other institutional investors own 73.70% of the company’s stock.

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.