monday.com (NASDAQ:MNDY) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of monday.com (NASDAQ:MNDY) from a hold rating to a buy rating in a research note released on Thursday.

Several other research analysts also recently weighed in on the company. Robert W. Baird lifted their target price on monday.com from $275.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Tigress Financial raised their price target on monday.com from $340.00 to $450.00 and gave the company a “buy” rating in a report on Friday, February 21st. DA Davidson dropped their price target on monday.com from $350.00 to $290.00 and set a “buy” rating for the company in a research report on Monday, April 14th. UBS Group dropped their price target on monday.com from $350.00 to $310.00 and set a “neutral” rating for the company in a research report on Tuesday, April 29th. Finally, Canaccord Genuity Group cut their price target on monday.com from $375.00 to $350.00 and set a “buy” rating for the company in a report on Tuesday, May 13th. Three analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $346.50.

monday.com Stock Performance

MNDY opened at $289.69 on Thursday. monday.com has a one year low of $188.01 and a one year high of $342.64. The company has a market cap of $14.71 billion, a P/E ratio of 482.82, a PEG ratio of 16.53 and a beta of 1.32. The business’s 50-day simple moving average is $262.61 and its 200-day simple moving average is $265.28.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.40. The firm had revenue of $282.25 million for the quarter, compared to the consensus estimate of $275.93 million. monday.com had a return on equity of 6.22% and a net margin of 3.33%. The firm’s quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 EPS. As a group, analysts predict that monday.com will post 0.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On monday.com

A number of institutional investors have recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC purchased a new stake in shares of monday.com in the fourth quarter worth about $25,000. ASR Vermogensbeheer N.V. acquired a new stake in monday.com during the first quarter valued at approximately $25,000. Summit Securities Group LLC acquired a new stake in monday.com during the first quarter valued at approximately $25,000. NewEdge Advisors LLC raised its stake in monday.com by 2,120.0% during the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after buying an additional 106 shares in the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new stake in shares of monday.com during the 4th quarter worth approximately $28,000. Hedge funds and other 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.