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

monday.com (NASDAQ:MNDY) had its price objective raised by equities researchers at Loop Capital from $285.00 to $310.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Loop Capital’s price target suggests a potential upside of 13.52% from the company’s previous close.

Several other analysts have also weighed in on the company. Piper Sandler reaffirmed an “overweight” rating and issued a $300.00 price objective (up from $270.00) on shares of monday.com in a research note on Monday, August 12th. Tigress Financial raised their price target on shares of monday.com from $280.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Bank of America upped their price objective on shares of monday.com from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. The Goldman Sachs Group raised their target price 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, KeyCorp lowered their price target on shares of monday.com from $280.00 to $270.00 and set an “overweight” rating for the company in a report on Tuesday, July 2nd. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $294.84.

monday.com Trading Down 2.7 %

Shares of NASDAQ:MNDY opened at $273.09 on Wednesday. The firm has a 50 day moving average of $249.60 and a 200-day moving average of $228.64. monday.com has a 12 month low of $122.13 and a 12 month high of $285.64. The stock has a market capitalization of $13.18 billion, a PE ratio of 718.66, a PEG ratio of 13.58 and a beta of 1.32.

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

Institutional Investors Weigh In On monday.com

Several large investors have recently modified their holdings of MNDY. Principal Financial Group Inc. boosted its position in monday.com by 13.8% during the fourth quarter. Principal Financial Group Inc. now owns 1,914 shares of the company’s stock valued at $359,000 after acquiring an additional 232 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of monday.com by 22.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 7,100 shares of the company’s stock valued at $1,333,000 after purchasing an additional 1,300 shares during the period. Intech Investment Management LLC bought a new stake in shares of monday.com during the 4th quarter valued at about $324,000. TD Asset Management Inc grew its stake in monday.com by 26.0% during the fourth quarter. TD Asset Management Inc now owns 7,176 shares of the company’s stock worth $1,348,000 after purchasing an additional 1,479 shares during the period. Finally, Capstone Investment Advisors LLC increased its holdings in monday.com by 61.4% in the fourth quarter. Capstone Investment Advisors LLC now owns 5,813 shares of the company’s stock worth $1,092,000 after purchasing an additional 2,212 shares in the last quarter. 73.70% of the stock is currently 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.