monday.com (NASDAQ:MNDY) PT Raised to $320.00

monday.com (NASDAQ:MNDY) had its price target boosted by TD Cowen from $300.00 to $320.00 in a research report report published on Thursday, Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages also recently issued reports on MNDY. Barclays upped their price objective on shares of monday.com from $275.00 to $300.00 and gave the company an overweight rating in a research note on Tuesday, August 13th. DA Davidson raised their price objective on monday.com from $250.00 to $300.00 and gave the stock a neutral rating in a report on Wednesday, September 25th. The Goldman Sachs Group upped their target price on monday.com from $300.00 to $340.00 and gave the company a buy rating in a research note on Tuesday, August 13th. JPMorgan Chase & Co. raised their price target on monday.com from $270.00 to $300.00 and gave the stock an overweight rating in a research note on Tuesday, August 13th. Finally, Needham & Company LLC reaffirmed a buy rating and set a $300.00 price objective on shares of monday.com in a research note on Thursday. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of $294.84.

monday.com Stock Down 0.4 %

NASDAQ:MNDY opened at $271.97 on Thursday. monday.com has a 52-week low of $122.13 and a 52-week high of $285.64. The stock has a fifty day simple moving average of $250.46 and a 200-day simple moving average of $229.11. The company has a market capitalization of $13.13 billion, a PE ratio of 715.71, a price-to-earnings-growth ratio of 13.58 and a beta of 1.32.

monday.com (NASDAQ:MNDY) last released its quarterly 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. monday.com had a return on equity of 4.74% and a net margin of 4.88%. The company had revenue of $236.11 million during the quarter, compared to the consensus estimate of $227.96 million. As a group, equities analysts anticipate that monday.com will post 0.49 earnings per share for the current year.

Institutional Investors Weigh In On monday.com

Large investors have recently modified their holdings of the stock. Ridgewood Investments LLC purchased a new position in monday.com in the 2nd quarter valued at about $45,000. Gilliland Jeter Wealth Management LLC grew its stake in monday.com by 72.9% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock worth $58,000 after purchasing an additional 102 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of monday.com in the 2nd quarter valued at approximately $69,000. PNC Financial Services Group Inc. increased its stake in monday.com by 373.5% during 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 last quarter. Finally, Industrial Alliance Investment Management Inc. grew its position in shares of monday.com by 741.7% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company’s stock valued at $91,000 after buying an additional 356 shares during 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.