monday.com (NASDAQ:MNDY) Given New $310.00 Price Target at Loop Capital

monday.com (NASDAQ:MNDY) had its price objective increased by stock analysts at Loop Capital from $285.00 to $310.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Loop Capital’s price target would suggest a potential upside of 10.07% from the company’s previous close.

Several other brokerages also recently issued reports on MNDY. Wolfe Research started coverage on monday.com in a research note on Tuesday, July 9th. They set an “outperform” rating and a $300.00 target price on the stock. Baird R W raised monday.com to a “hold” rating in a research note on Tuesday, July 23rd. William Blair restated an “outperform” rating on shares of monday.com in a report on Monday, June 24th. Piper Sandler restated an “overweight” rating and set a $300.00 price target (up previously from $270.00) on shares of monday.com in a report on Monday, August 12th. Finally, Barclays raised their price target on monday.com from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, August 13th. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $287.11.

monday.com Trading Up 1.3 %

Shares of MNDY opened at $281.64 on Wednesday. The business’s 50 day moving average is $247.67 and its 200 day moving average is $227.96. The company has a market capitalization of $13.60 billion, a PE ratio of 741.18, a price-to-earnings-growth ratio of 13.58 and a beta of 1.32. monday.com has a 12-month low of $122.13 and a 12-month high of $284.08.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, August 12th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.23. The company had revenue of $236.11 million for the quarter, compared to the consensus estimate of $227.96 million. monday.com had a return on equity of 4.74% and a net margin of 4.88%. Equities research analysts predict that monday.com will post 0.49 earnings per share for the current year.

Institutional Trading of monday.com

Several institutional investors and hedge funds have recently made changes to their positions in MNDY. Ridgewood Investments LLC bought a new stake in monday.com during the 2nd quarter valued at about $45,000. Gilliland Jeter Wealth Management LLC boosted its holdings in shares of monday.com by 72.9% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock valued at $58,000 after purchasing an additional 102 shares during the period. Opal Wealth Advisors LLC purchased a new stake in shares of monday.com in the second quarter valued at approximately $69,000. PNC Financial Services Group Inc. boosted its holdings in shares of monday.com by 373.5% in 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 period. Finally, Industrial Alliance Investment Management Inc. boosted its holdings in shares of monday.com by 741.7% in the first quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company’s stock valued at $91,000 after purchasing an additional 356 shares during the period. 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.