monday.com’s (MNDY) Outperform Rating Reaffirmed at William Blair

monday.com (NASDAQ:MNDY)‘s stock had its “outperform” rating reissued by stock analysts at William Blair in a report issued on Wednesday,RTT News reports.

A number of other research analysts have also recently weighed in on the stock. Canaccord Genuity Group boosted their price objective on shares of monday.com from $295.00 to $310.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Citigroup lifted their price target on shares of monday.com from $296.00 to $327.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. DA Davidson reissued a “neutral” rating and issued a $300.00 price objective on shares of monday.com in a research report on Tuesday, November 12th. Needham & Company LLC boosted their target price on monday.com from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, TD Cowen increased their price target on monday.com from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Six analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued 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 target price of $309.62.

monday.com Trading Down 3.1 %

Shares of NASDAQ:MNDY opened at $224.69 on Wednesday. The company has a market cap of $10.85 billion, a price-to-earnings ratio of 548.02, a PEG ratio of 7.75 and a beta of 1.25. monday.com has a 12 month low of $170.00 and a 12 month high of $324.99. The company has a 50-day moving average price of $283.18 and a 200 day moving average price of $258.47.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.24. The business had revenue of $251.00 million during the quarter, compared to analyst estimates of $246.17 million. monday.com had a return on equity of 4.99% and a net margin of 2.39%. The company’s revenue for the quarter was up 49.5% on a year-over-year basis. During the same period last year, the company earned $0.15 EPS. As a group, equities analysts forecast that monday.com will post 0.85 EPS for the current year.

Institutional Investors Weigh In On monday.com

Several hedge funds have recently modified their holdings of MNDY. Mirae Asset Global Investments Co. Ltd. purchased a new position in monday.com during the third quarter valued at approximately $43,000. Ridgewood Investments LLC bought a new stake in monday.com during the 2nd quarter valued at $45,000. Gilliland Jeter Wealth Management LLC increased its holdings in shares of monday.com by 72.9% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock valued at $58,000 after acquiring an additional 102 shares during the period. Toronto Dominion Bank bought a new position in shares of monday.com in the 2nd quarter worth $120,000. Finally, Vestcor Inc raised its position in shares of monday.com by 31.4% in the 3rd quarter. Vestcor Inc now owns 519 shares of the company’s stock worth $144,000 after acquiring an additional 124 shares in the last quarter. Hedge funds and other institutional investors 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.