monday.com (NASDAQ:MNDY) Rating Increased to Strong-Buy at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of monday.com (NASDAQ:MNDY) to a strong-buy rating in a research note published on Thursday morning, MarketBeat Ratings reports. They currently have $292.00 target price on the stock.

A number of other research firms have also recently commented on MNDY. DA Davidson reissued a “neutral” rating and issued a $300.00 price target on shares of monday.com in a report on Tuesday, November 12th. Needham & Company LLC boosted their target price on shares of monday.com from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Robert W. Baird increased their price target on monday.com from $265.00 to $270.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th. Citigroup raised shares of monday.com from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $302.00 to $298.00 in a research report on Thursday. Finally, Scotiabank decreased their target price on monday.com from $325.00 to $300.00 and set a “sector outperform” rating for the company in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $310.48.

monday.com Trading Up 0.6 %

monday.com stock opened at $242.05 on Thursday. monday.com has a 12-month low of $174.75 and a 12-month high of $324.99. The firm has a market capitalization of $11.69 billion, a price-to-earnings ratio of 590.37, a P/E/G ratio of 5.41 and a beta of 1.30. The firm has a 50 day moving average of $256.02 and a 200 day moving average of $259.37.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, November 11th. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.61 by $0.24. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The firm had revenue of $251.00 million for the quarter, compared to the consensus estimate of $246.17 million. During the same period last year, the firm earned $0.15 EPS. The company’s revenue was up 49.5% on a year-over-year basis. On average, analysts predict that monday.com will post 0.85 EPS for the current year.

Institutional Investors Weigh In On monday.com

Large investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in monday.com in the third quarter valued at $43,000. Toronto Dominion Bank acquired a new position in monday.com in the second quarter valued at approximately $120,000. Vestcor Inc boosted its position in monday.com by 31.4% in the 3rd quarter. Vestcor Inc now owns 519 shares of the company’s stock worth $144,000 after purchasing an additional 124 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of monday.com by 645.7% during the 3rd quarter. Larson Financial Group LLC now owns 604 shares of the company’s stock worth $168,000 after purchasing an additional 523 shares during the period. Finally, Northwest & Ethical Investments L.P. grew its stake in shares of monday.com by 18.2% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 650 shares of the company’s stock worth $181,000 after purchasing an additional 100 shares during the period. 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.