TD Cowen Boosts monday.com (NASDAQ:MNDY) Price Target to $320.00

monday.com (NASDAQ:MNDY) had its price objective increased by TD Cowen from $300.00 to $320.00 in a research report released on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.

MNDY has been the subject of a number of other reports. Bank of America upped their price target on shares of monday.com from $280.00 to $300.00 and gave the company a buy rating in a report on Tuesday, August 13th. Barclays raised their target price on shares of monday.com from $275.00 to $300.00 and gave the stock an overweight rating in a report on Tuesday, August 13th. Citigroup upped their price target on monday.com from $296.00 to $327.00 and gave the company a neutral rating in a report on Wednesday, September 25th. DA Davidson lifted their target price on monday.com from $250.00 to $300.00 and gave the stock a neutral rating in a report on Wednesday, September 25th. Finally, Needham & Company LLC reaffirmed a buy rating and set a $300.00 target price on shares of monday.com in a report on Thursday. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, monday.com currently has an average rating of Moderate Buy and a consensus target price of $294.84.

monday.com Trading Down 0.4 %

MNDY stock opened at $271.97 on Thursday. The firm’s 50-day moving average is $250.46 and its two-hundred day moving average is $229.11. The company has a market capitalization of $13.13 billion, a price-to-earnings ratio of 715.71, a price-to-earnings-growth ratio of 13.58 and a beta of 1.32. monday.com has a 52 week low of $122.13 and a 52 week high of $285.64.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Sei Investments Co. increased its position in monday.com by 63.9% during the first quarter. Sei Investments Co. now owns 107,331 shares of the company’s stock worth $24,243,000 after buying an additional 41,840 shares during the last quarter. Norden Group LLC bought a new position in shares of monday.com in the 1st quarter valued at approximately $840,000. Boulder Hill Capital Management LP acquired a new stake in monday.com in the 4th quarter worth approximately $2,197,000. Bessemer Group Inc. acquired a new stake in monday.com in the 1st quarter worth approximately $1,314,000. Finally, Toth Financial Advisory Corp bought a new stake in monday.com during the first quarter worth approximately $782,000. 73.70% of the stock is owned by institutional investors and hedge funds.

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.