Citigroup Increases monday.com (NASDAQ:MNDY) Price Target to $327.00

monday.com (NASDAQ:MNDY) had its price objective lifted by Citigroup from $296.00 to $327.00 in a research report report published on Wednesday morning, Benzinga reports. Citigroup currently has a neutral rating on the stock.

MNDY has been the subject of a number of other research reports. Loop Capital raised their price objective on shares of monday.com from $285.00 to $310.00 and gave the company a buy rating in a research note on Wednesday. Bank of America lifted their price target on shares of monday.com from $280.00 to $300.00 and gave the company a buy rating in a research report on Tuesday, August 13th. Piper Sandler restated an overweight rating and issued a $300.00 price target (up previously from $270.00) on shares of monday.com in a report on Monday, August 12th. TD Cowen lifted their price objective on monday.com from $275.00 to $300.00 and gave the stock a buy rating in a report on Tuesday, August 13th. Finally, Wolfe Research started coverage on monday.com in a report on Tuesday, July 9th. They issued an outperform rating and a $300.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $294.84.

monday.com Stock Performance

Shares of NASDAQ:MNDY opened at $271.97 on Wednesday. monday.com has a one year low of $122.13 and a one year high of $285.64. The stock has a market capitalization of $13.13 billion, a price-to-earnings ratio of 715.71, a PEG ratio of 13.58 and a beta of 1.32. The company has a 50-day simple moving average of $250.46 and a 200-day simple moving average of $229.05.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.23. The firm had revenue of $236.11 million for the quarter, compared to analyst estimates of $227.96 million. monday.com had a net margin of 4.88% and a return on equity of 4.74%. As a group, research analysts forecast that monday.com will post 0.49 EPS for the current fiscal year.

Institutional Trading of monday.com

Large investors have recently bought and sold shares of the company. WCM Investment Management LLC acquired a new position in shares of monday.com in the first quarter worth about $728,521,000. Price T Rowe Associates Inc. MD boosted its stake in shares of monday.com by 1.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,566 shares of the company’s stock valued at $714,781,000 after buying an additional 31,304 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of monday.com by 20.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,122,690 shares of the company’s stock valued at $270,299,000 after buying an additional 188,800 shares during the last quarter. 1832 Asset Management L.P. grew its position in shares of monday.com by 12.1% during the fourth quarter. 1832 Asset Management L.P. now owns 860,300 shares of the company’s stock worth $161,573,000 after buying an additional 92,600 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in shares of monday.com by 12.1% in the first quarter. Jennison Associates LLC now owns 782,154 shares of the company’s stock worth $176,665,000 after buying an additional 84,182 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

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.