Robert W. Baird Issues Positive Forecast for monday.com (NASDAQ:MNDY) Stock Price

monday.com (NASDAQ:MNDY) had its target price raised by analysts at Robert W. Baird from $265.00 to $270.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price objective would suggest a potential upside of 0.31% from the stock’s previous close.

MNDY has been the topic of a number of other reports. Citigroup lifted their price objective on monday.com from $296.00 to $327.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Capital One Financial started coverage on shares of monday.com in a research note on Thursday, October 10th. They issued an “overweight” rating and a $325.00 price objective on the stock. Barclays increased their price target on shares of monday.com from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Tigress Financial increased their target price 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. Finally, Needham & Company LLC restated a “buy” rating and set a $300.00 price target on shares of monday.com in a research note on Thursday, September 26th. Five equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, monday.com currently has a consensus rating of “Moderate Buy” and an average target price of $310.10.

monday.com Stock Performance

Shares of MNDY stock opened at $269.16 on Tuesday. The company has a market capitalization of $13.00 billion, a price-to-earnings ratio of 656.49, a PEG ratio of 12.15 and a beta of 1.31. The stock’s 50 day simple moving average is $279.69 and its 200 day simple moving average is $247.51. monday.com has a twelve month low of $159.22 and a twelve month high of $324.99.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.24. monday.com had a net margin of 2.39% and a return on equity of 5.15%. The business had revenue of $251.00 million during the quarter, compared to the consensus estimate of $246.17 million. During the same period in the prior year, the firm earned $0.15 EPS. monday.com’s quarterly revenue was up 49.5% compared to the same quarter last year. On average, analysts forecast that monday.com will post 0.5 EPS for the current fiscal year.

Institutional Trading of monday.com

Several large investors have recently made changes to their positions in MNDY. Sei Investments Co. raised its holdings in shares of monday.com by 63.9% in the first quarter. Sei Investments Co. now owns 107,331 shares of the company’s stock valued at $24,243,000 after buying an additional 41,840 shares during the last quarter. Bessemer Group Inc. acquired a new stake in monday.com in the 1st quarter valued at about $1,314,000. China Universal Asset Management Co. Ltd. bought a new position in shares of monday.com in the third quarter worth about $1,667,000. International Assets Investment Management LLC acquired a new position in shares of monday.com during the third quarter worth approximately $21,989,000. Finally, Swiss National Bank grew its stake in shares of monday.com by 4.1% during the first quarter. Swiss National Bank now owns 86,400 shares of the company’s stock valued at $19,515,000 after purchasing an additional 3,400 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.