monday.com (NASDAQ:MNDY) Stock Price Expected to Rise, Robert W. Baird Analyst Says

monday.com (NASDAQ:MNDY) had its target price lifted by investment analysts at Robert W. Baird from $270.00 to $275.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Robert W. Baird’s target price suggests a potential upside of 13.61% from the company’s previous close.

Several other equities analysts have also recently weighed in on the stock. Canaccord Genuity Group increased their price objective on shares of monday.com from $295.00 to $310.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Citigroup upgraded shares of monday.com from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $302.00 to $298.00 in a research report on Thursday, January 16th. Capital One Financial initiated coverage on shares of monday.com in a research report on Thursday, October 10th. They set an “overweight” rating and a $325.00 price objective for the company. Cantor Fitzgerald started coverage on monday.com in a report on Friday. They issued an “overweight” rating and a $292.00 target price on the stock. Finally, William Blair reiterated an “outperform” rating on shares of monday.com in a research report on Wednesday, December 18th. Five investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, monday.com has an average rating of “Moderate Buy” and a consensus target price of $310.23.

monday.com Trading Up 0.6 %

Shares of MNDY opened at $242.05 on Tuesday. The firm has a market cap of $11.69 billion, a PE ratio of 590.37, a P/E/G ratio of 6.00 and a beta of 1.30. monday.com has a 1-year low of $174.75 and a 1-year high of $324.99. The firm has a fifty day simple moving average of $255.36 and a two-hundred day simple moving average of $259.63.

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

Institutional Investors Weigh In On monday.com

Large investors have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV grew its holdings in monday.com by 4.4% during 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 boosted its position in shares of monday.com by 12.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,602 shares of the company’s stock valued at $626,000 after acquiring an additional 286 shares during the last quarter. Public Employees Retirement Association of Colorado grew its holdings in shares of monday.com by 43.1% in the second quarter. Public Employees Retirement Association of Colorado now owns 7,300 shares of the company’s stock valued at $1,758,000 after purchasing an additional 2,200 shares in the last quarter. Sei Investments Co. increased its position in monday.com by 5.8% in the second quarter. Sei Investments Co. now owns 113,503 shares of the company’s stock worth $27,327,000 after purchasing an additional 6,172 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in monday.com by 84.4% during the second quarter. Thrivent Financial for Lutherans now owns 9,952 shares of the company’s stock valued at $2,396,000 after purchasing an additional 4,555 shares in the last quarter. 73.70% of the stock is owned by institutional investors.

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.