monday.com (NASDAQ:MNDY) Upgraded at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of monday.com (NASDAQ:MNDY) to a strong-buy rating in a research report sent to investors on Thursday, Marketbeat reports. The firm currently has $292.00 price target on the stock.

Several other analysts have also commented on MNDY. Loop Capital decreased their price objective on monday.com from $310.00 to $300.00 and set a “buy” rating for the company in a report on Monday, December 23rd. Barclays increased their price objective on monday.com from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Citigroup upgraded monday.com from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $302.00 to $298.00 in a research note on Thursday. William Blair restated an “outperform” rating on shares of monday.com in a research note on Wednesday, December 18th. Finally, Wells Fargo & Company raised their target price on monday.com from $315.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, monday.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $310.48.

monday.com Stock Up 0.6 %

monday.com stock opened at $242.05 on Thursday. The business has a fifty day moving average of $256.02 and a two-hundred day moving average of $259.53. The firm has a market cap of $11.69 billion, a P/E ratio of 590.37, a P/E/G ratio of 5.41 and a beta of 1.30. monday.com has a twelve month low of $174.75 and a twelve month high of $324.99.

monday.com (NASDAQ:MNDY) last issued 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 return on equity of 4.99% and a net margin of 2.39%. The firm had revenue of $251.00 million during the quarter, compared to analyst estimates of $246.17 million. During the same quarter in the prior year, the business posted $0.15 EPS. The business’s revenue for the quarter was up 49.5% compared to the same quarter last year. Equities analysts expect that monday.com will post 0.85 earnings per share for the current year.

Institutional Investors Weigh In On monday.com

A number of institutional investors have recently modified their holdings of MNDY. Oppenheimer Asset Management Inc. grew its position in shares of monday.com by 4.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,065 shares of the company’s stock valued at $497,000 after acquiring an additional 91 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in monday.com by 4.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,124 shares of the company’s stock valued at $271,000 after buying an additional 47 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in monday.com by 12.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,602 shares of the company’s stock valued at $626,000 after buying an additional 286 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its stake in monday.com by 43.1% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 7,300 shares of the company’s stock valued at $1,758,000 after buying an additional 2,200 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in monday.com by 5.8% in the 2nd quarter. Sei Investments Co. now owns 113,503 shares of the company’s stock valued at $27,327,000 after buying an additional 6,172 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

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.