monday.com (NASDAQ:MNDY) Price Target Raised to $300.00 at DA Davidson

monday.com (NASDAQ:MNDY) had its price target upped by DA Davidson from $250.00 to $300.00 in a research note released on Wednesday, Benzinga reports. DA Davidson currently has a neutral rating on the stock.

A number of other research analysts have also recently weighed in on the stock. Canaccord Genuity Group lifted their price target on shares of monday.com from $250.00 to $295.00 and gave the company a buy rating in a research report on Tuesday, August 13th. Barclays lifted their target price on shares of monday.com from $275.00 to $300.00 and gave the company an overweight rating in a report on Tuesday, August 13th. Baird R W upgraded monday.com to a hold rating in a report on Tuesday, July 23rd. TD Cowen boosted their price objective on monday.com from $275.00 to $300.00 and gave the stock a buy rating in a research note on Tuesday, August 13th. Finally, Needham & Company LLC upped their target price on monday.com from $250.00 to $300.00 and gave the stock a buy rating in a research report on Monday, August 12th. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, monday.com currently has a consensus rating of Moderate Buy and a consensus target price of $294.84.

monday.com Stock Down 0.4 %

MNDY stock opened at $271.97 on Wednesday. The company has a market cap 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 business has a fifty day simple moving average of $250.46 and a 200-day simple moving average of $229.05. monday.com has a 52 week low of $122.13 and a 52 week high of $285.64.

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

Hedge Funds Weigh In On monday.com

Several institutional investors and hedge funds have recently made changes to their positions in MNDY. Mercer Global Advisors Inc. ADV raised its holdings in monday.com by 4.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 1,124 shares of the company’s stock valued at $271,000 after acquiring an additional 47 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in shares of monday.com by 4.0% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 1,303 shares of the company’s stock worth $314,000 after purchasing an additional 50 shares during the last quarter. FDx Advisors Inc. raised its stake in shares of monday.com by 4.7% in the 2nd quarter. FDx Advisors Inc. now owns 2,000 shares of the company’s stock valued at $482,000 after purchasing an additional 90 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of monday.com by 4.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,065 shares of the company’s stock worth $497,000 after purchasing an additional 91 shares during the last quarter. Finally, American International Group Inc. grew its stake in monday.com by 2.3% in the first quarter. American International Group Inc. now owns 4,550 shares of the company’s stock worth $1,028,000 after purchasing an additional 102 shares in the last quarter. 73.70% of the stock is currently owned by hedge funds and other 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.