monday.com (NASDAQ:MNDY) Rating Increased to Hold at Baird R W

Baird R W upgraded shares of monday.com (NASDAQ:MNDY) to a hold rating in a research report sent to investors on Tuesday morning, Zacks.com reports.

Other research analysts have also recently issued reports about the company. DA Davidson upped their price target on monday.com from $190.00 to $230.00 and gave the stock a neutral rating in a research note on Thursday, May 16th. Piper Sandler restated an overweight rating and set a $270.00 target price on shares of monday.com in a report on Friday, July 12th. Robert W. Baird initiated coverage on shares of monday.com in a research note on Tuesday. They set a neutral rating and a $250.00 price target on the stock. Canaccord Genuity Group increased their price objective on monday.com from $220.00 to $250.00 and gave the company a buy rating in a research note on Thursday, May 16th. Finally, Wells Fargo & Company lifted their price objective on monday.com from $260.00 to $275.00 and gave the company an overweight rating in a research note on Thursday, May 16th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $255.53.

monday.com Trading Up 0.8 %

Shares of NASDAQ:MNDY opened at $237.97 on Tuesday. The company has a market capitalization of $11.49 billion, a price-to-earnings ratio of 626.24, a PEG ratio of 45.96 and a beta of 1.30. monday.com has a 12-month low of $122.13 and a 12-month high of $251.48. The business has a 50-day moving average price of $232.16 and a 200 day moving average price of $216.61.

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

Hedge Funds Weigh In On monday.com

Several hedge funds have recently made changes to their positions in the company. Desjardins Global Asset Management Inc. grew its stake in monday.com by 222.0% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 132 shares of the company’s stock worth $25,000 after buying an additional 91 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of monday.com by 13.0% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 806 shares of the company’s stock valued at $151,000 after acquiring an additional 93 shares during the period. American International Group Inc. raised its position in monday.com by 2.3% in the 1st quarter. American International Group Inc. now owns 4,550 shares of the company’s stock valued at $1,028,000 after purchasing an additional 102 shares during the last quarter. Gilliland Jeter Wealth Management LLC grew its position in monday.com by 72.9% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock worth $58,000 after purchasing an additional 102 shares during the last quarter. Finally, Yousif Capital Management LLC increased its stake in monday.com by 11.9% in the fourth quarter. Yousif Capital Management LLC now owns 1,500 shares of the company’s stock valued at $282,000 after purchasing an additional 160 shares during the period. Hedge funds and other institutional investors own 73.70% of the company’s stock.

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.