monday.com (NASDAQ:MNDY) Price Target Raised to $325.00 at Oppenheimer

monday.com (NASDAQ:MNDY) had its price objective raised by stock analysts at Oppenheimer from $275.00 to $325.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s target price points to a potential upside of 12.19% from the company’s current price.

A number of other equities analysts also recently commented on the company. Wolfe Research assumed coverage on monday.com in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $300.00 price target for the company. KeyCorp reduced their price target on monday.com from $280.00 to $270.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. Piper Sandler raised their target price on shares of monday.com from $300.00 to $340.00 and gave the company an “overweight” rating in a research note on Monday. Baird R W upgraded shares of monday.com to a “hold” rating in a research report on Tuesday, July 23rd. Finally, Robert W. Baird increased their price target on monday.com from $250.00 to $265.00 and gave the company a “neutral” rating in a research note on Tuesday, August 13th. Five investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, monday.com presently has a consensus rating of “Moderate Buy” and an average target price of $303.35.

monday.com Stock Performance

Shares of NASDAQ:MNDY traded down $0.03 during trading on Tuesday, hitting $289.69. The company’s stock had a trading volume of 108,958 shares, compared to its average volume of 706,458. The company has a market capitalization of $13.99 billion, a PE ratio of 762.34, a PEG ratio of 13.68 and a beta of 1.32. monday.com has a fifty-two week low of $122.13 and a fifty-two week high of $293.88. The stock’s 50-day moving average price is $268.32 and its two-hundred day moving average price is $235.67.

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

Institutional Trading of monday.com

Several institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. boosted its holdings in shares of monday.com by 63.9% in the 1st quarter. Sei Investments Co. now owns 107,331 shares of the company’s stock valued at $24,243,000 after purchasing an additional 41,840 shares in the last quarter. Norden Group LLC acquired a new stake in monday.com in the first quarter valued at approximately $840,000. Bessemer Group Inc. acquired a new position in shares of monday.com during the first quarter worth $1,314,000. Toth Financial Advisory Corp acquired a new position in shares of monday.com during the first quarter worth $782,000. Finally, Swiss National Bank increased its holdings in monday.com by 4.1% in the 1st quarter. Swiss National Bank now owns 86,400 shares of the company’s stock worth $19,515,000 after purchasing an additional 3,400 shares in the last quarter. 73.70% of the stock is currently 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.