Robert W. Baird Begins Coverage on monday.com (NASDAQ:MNDY)

Robert W. Baird started coverage on shares of monday.com (NASDAQ:MNDY) in a research report released on Tuesday, Marketbeat.com reports. The firm issued a neutral rating and a $250.00 target price on the stock.

MNDY has been the subject of several other research reports. Barclays initiated coverage on shares of monday.com in a research report on Wednesday, June 26th. They set an overweight rating and a $275.00 target price for the company. William Blair reiterated an outperform rating on shares of monday.com in a research report on Monday, June 24th. Citigroup lowered shares of monday.com from a buy rating to a neutral rating and decreased their price target for the company from $277.00 to $250.00 in a report on Wednesday, April 10th. Oppenheimer boosted their price target on shares of monday.com from $240.00 to $250.00 and gave the company an outperform rating in a report on Thursday, May 16th. Finally, The Goldman Sachs Group boosted their price target on shares of monday.com from $270.00 to $300.00 and gave the company a buy rating in a report on Thursday, May 16th. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $255.53.

monday.com Stock Performance

Shares of monday.com stock opened at $236.10 on Tuesday. The firm has a fifty day moving average of $231.98 and a two-hundred day moving average of $216.24. The stock has a market capitalization of $11.40 billion, a price-to-earnings ratio of 621.33, a PEG ratio of 47.29 and a beta of 1.30. monday.com has a 52 week low of $122.13 and a 52 week high of $251.48.

monday.com (NASDAQ:MNDY) last issued its earnings results on Wednesday, May 15th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of ($0.11) by $0.25. The company had revenue of $216.91 million during the quarter, compared to analysts’ expectations of $210.33 million. monday.com had a net margin of 2.53% and a return on equity of 2.42%. As a group, research analysts forecast that monday.com will post 0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On monday.com

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MNDY. Nordea Investment Management AB acquired a new position in shares of monday.com during the 4th quarter worth about $302,000. Raymond James & Associates boosted its stake in shares of monday.com by 55.2% during the 4th quarter. Raymond James & Associates now owns 12,525 shares of the company’s stock worth $2,352,000 after buying an additional 4,457 shares during the last quarter. ARK Investment Management LLC boosted its stake in shares of monday.com by 10.6% during the 4th quarter. ARK Investment Management LLC now owns 13,459 shares of the company’s stock worth $2,528,000 after buying an additional 1,285 shares during the last quarter. Values First Advisors Inc. acquired a new position in shares of monday.com during the 4th quarter worth about $521,000. Finally, Asset Management One Co. Ltd. boosted its stake in shares of monday.com by 7.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 8,470 shares of the company’s stock worth $1,617,000 after buying an additional 606 shares during the last quarter. 73.70% of the stock is 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.