Capital One Financial Initiates Coverage on monday.com (NASDAQ:MNDY)

Capital One Financial began coverage on shares of monday.com (NASDAQ:MNDY) in a report issued on Thursday, MarketBeat Ratings reports. The brokerage set an “overweight” rating and a $325.00 price target on the stock. Capital One Financial‘s price target suggests a potential upside of 12.24% from the company’s previous close.

Several other equities research analysts also recently issued reports on the company. Tigress Financial raised their price target on monday.com from $280.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. TD Cowen lifted their price target on monday.com from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. JPMorgan Chase & Co. increased their price objective on monday.com from $270.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. UBS Group boosted their target price on shares of monday.com from $240.00 to $280.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 13th. Finally, Canaccord Genuity Group upped their target price on shares of monday.com from $250.00 to $295.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Five analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $297.60.

monday.com Stock Performance

MNDY opened at $289.56 on Thursday. The firm has a market cap of $13.98 billion, a P/E ratio of 762.00, a price-to-earnings-growth ratio of 13.68 and a beta of 1.32. The business has a 50 day moving average price of $260.20 and a 200 day moving average price of $232.73. monday.com has a twelve month low of $122.13 and a twelve month high of $289.98.

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

Hedge Funds Weigh In On monday.com

Several hedge funds and other institutional investors have recently modified their holdings of MNDY. Price T Rowe Associates Inc. MD raised its stake in monday.com by 1.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,164,566 shares of the company’s stock worth $714,781,000 after acquiring an additional 31,304 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of monday.com by 20.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,122,690 shares of the company’s stock worth $270,299,000 after purchasing an additional 188,800 shares in the last quarter. Jennison Associates LLC lifted its holdings in monday.com by 12.1% during the 1st quarter. Jennison Associates LLC now owns 782,154 shares of the company’s stock valued at $176,665,000 after purchasing an additional 84,182 shares during the last quarter. 1832 Asset Management L.P. boosted its position in monday.com by 34.4% in the second quarter. 1832 Asset Management L.P. now owns 667,500 shares of the company’s stock valued at $160,707,000 after buying an additional 170,800 shares in the last quarter. Finally, Eminence Capital LP grew its stake in monday.com by 1.4% during the second quarter. Eminence Capital LP now owns 470,717 shares of the company’s stock worth $113,330,000 after buying an additional 6,349 shares during the last quarter. Institutional investors own 73.70% of the company’s stock.

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.