monday.com (NASDAQ:MNDY) PT Raised to $325.00

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

A number of other research firms have also recently weighed in on MNDY. The Goldman Sachs Group upped their price target on shares of monday.com from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. William Blair reiterated an “outperform” rating on shares of monday.com in a research report on Monday, June 24th. KeyCorp lowered their price target on monday.com from $280.00 to $270.00 and set an “overweight” rating on the stock in a report on Tuesday, July 2nd. UBS Group lifted their price objective on monday.com from $240.00 to $280.00 and gave the stock a “neutral” rating in a report on Tuesday, August 13th. Finally, TD Cowen boosted their target price on monday.com from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Five analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $303.35.

monday.com Price Performance

Shares of MNDY stock traded down $0.03 during trading hours on Tuesday, reaching $289.69. 108,958 shares of the stock were exchanged, compared to its average volume of 706,458. monday.com has a 12-month low of $122.13 and a 12-month high of $293.88. The business’s fifty day moving average is $268.32 and its two-hundred day moving average is $235.67. The firm has a market capitalization of $13.99 billion, a P/E ratio of 762.34, a P/E/G ratio of 13.68 and a beta of 1.32.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, August 12th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.23. The firm had revenue of $236.11 million during 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%. As a group, equities research analysts predict that monday.com will post 0.49 earnings per share for the current fiscal year.

Institutional Trading of monday.com

A number of institutional investors and hedge funds have recently bought and sold shares of MNDY. Ridgewood Investments LLC purchased a new stake in monday.com during the second quarter worth approximately $45,000. Gilliland Jeter Wealth Management LLC boosted its position in monday.com by 72.9% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock worth $58,000 after purchasing an additional 102 shares during the period. Opal Wealth Advisors LLC acquired a new stake in monday.com in the 2nd quarter valued at $69,000. PNC Financial Services Group Inc. raised its position in monday.com by 373.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 393 shares of the company’s stock valued at $74,000 after purchasing an additional 310 shares during the period. Finally, Industrial Alliance Investment Management Inc. lifted its stake in shares of monday.com by 741.7% during the first quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company’s stock worth $91,000 after purchasing an additional 356 shares in the last quarter. Institutional investors and hedge funds 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.