monday.com (NASDAQ:MNDY) Stock Price Expected to Rise, DA Davidson Analyst Says

monday.com (NASDAQ:MNDY) had its price target lifted by DA Davidson from $300.00 to $350.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts have also issued reports on MNDY. Citigroup raised shares of monday.com from a “neutral” rating to a “buy” rating and decreased their price target for the company from $302.00 to $298.00 in a report on Thursday, January 16th. Piper Sandler upped their target price on shares of monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a research note on Monday. Cantor Fitzgerald initiated coverage on shares of monday.com in a research note on Friday, January 17th. They issued an “overweight” rating and a $292.00 target price for the company. Barclays upped their target price on shares of monday.com from $325.00 to $360.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Canaccord Genuity Group upped their target price on shares of monday.com from $295.00 to $310.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $353.32.

monday.com Stock Up 0.8 %

Shares of MNDY stock opened at $320.33 on Tuesday. monday.com has a 12-month low of $174.75 and a 12-month high of $342.64. The firm has a market capitalization of $15.46 billion, a price-to-earnings ratio of 781.29, a price-to-earnings-growth ratio of 7.67 and a beta of 1.31. The firm has a fifty day moving average of $252.51 and a 200-day moving average of $263.46.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a net margin of 2.39% and a return on equity of 4.99%. Research analysts expect that monday.com will post 0.85 earnings per share for the current year.

Institutional Investors Weigh In On monday.com

Institutional investors and hedge funds have recently modified their holdings of the company. ShawSpring Partners LLC boosted its position in shares of monday.com by 8.0% during the 4th quarter. ShawSpring Partners LLC now owns 378,712 shares of the company’s stock worth $89,164,000 after acquiring an additional 28,182 shares in the last quarter. Jump Financial LLC boosted its position in shares of monday.com by 118.8% during the 4th quarter. Jump Financial LLC now owns 98,046 shares of the company’s stock worth $23,084,000 after acquiring an additional 53,240 shares in the last quarter. Townsquare Capital LLC acquired a new stake in shares of monday.com during the 4th quarter worth approximately $478,000. Sterling Capital Management LLC boosted its position in shares of monday.com by 58.8% during the 4th quarter. Sterling Capital Management LLC now owns 17,050 shares of the company’s stock worth $4,014,000 after acquiring an additional 6,314 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its position in shares of monday.com by 7,282.0% during the 4th quarter. Neuberger Berman Group LLC now owns 303,992 shares of the company’s stock worth $71,572,000 after acquiring an additional 299,874 shares in the last quarter. 73.70% of the stock is owned by institutional investors.

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.