monday.com (NASDAQ:MNDY) Earns Outperform Rating from William Blair

William Blair reaffirmed their outperform rating on shares of monday.com (NASDAQ:MNDY) in a research note released on Monday, RTT News reports.

Several other equities research analysts have also recently weighed in on MNDY. Needham & Company LLC reiterated a buy rating and set a $250.00 price target on shares of monday.com in a research report on Monday, June 17th. Citigroup lowered shares of monday.com from a buy rating to a neutral rating and reduced their price target for the company from $277.00 to $250.00 in a research report on Wednesday, April 10th. The Goldman Sachs Group increased their price objective on monday.com from $270.00 to $300.00 and gave the stock a buy rating in a research report on Thursday, May 16th. Bank of America started coverage on monday.com in a research report on Monday, February 26th. They set a buy rating and a $280.00 target price for the company. Finally, Canaccord Genuity Group raised their price target on monday.com from $220.00 to $250.00 and gave the company a buy rating in a report on Thursday, May 16th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $253.82.

monday.com Stock Performance

MNDY opened at $236.28 on Monday. The firm has a 50-day moving average of $213.33 and a 200 day moving average of $209.13. monday.com has a fifty-two week low of $122.13 and a fifty-two week high of $249.00. The firm has a market cap of $11.41 billion, a P/E ratio of 621.81 and a beta of 1.30.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data on Wednesday, May 15th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.11) by $0.25. The company had revenue of $216.91 million during the quarter, compared to the consensus estimate of $210.33 million. monday.com had a net margin of 2.53% and a return on equity of 2.42%. Equities research analysts predict that monday.com will post 0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On monday.com

Several institutional investors and hedge funds have recently bought and sold shares of MNDY. Desjardins Global Asset Management Inc. grew its position in monday.com by 222.0% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 132 shares of the company’s stock worth $25,000 after acquiring an additional 91 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of monday.com by 2.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 34,044 shares of the company’s stock worth $65,000 after buying an additional 691 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of monday.com by 373.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 393 shares of the company’s stock worth $74,000 after buying an additional 310 shares during the last quarter. Industrial Alliance Investment Management Inc. grew its position in shares of monday.com by 741.7% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company’s stock worth $91,000 after buying an additional 356 shares during the last quarter. Finally, RiverPark Advisors LLC bought a new stake in shares of monday.com in the 1st quarter worth approximately $130,000. 73.70% of the stock is currently owned by institutional investors.

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.