monday.com (NASDAQ:MNDY) Upgraded to Hold by Baird R W

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

A number of other equities research analysts have also weighed in on the stock. Wells Fargo & Company raised their price objective on shares of monday.com from $260.00 to $275.00 and gave the company an overweight rating in a report on Thursday, May 16th. Needham & Company LLC restated a buy rating and issued a $250.00 price objective on shares of monday.com in a report on Monday, June 17th. Robert W. Baird initiated coverage on shares of monday.com in a report on Tuesday. They issued a neutral rating and a $250.00 price objective on the stock. KeyCorp cut their price target on shares of monday.com from $280.00 to $270.00 and set an overweight rating on the stock in a research note on Tuesday, July 2nd. Finally, DA Davidson lifted their price target on shares of monday.com from $190.00 to $230.00 and gave the stock a neutral rating in a research note on Thursday, May 16th. Five research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $255.53.

monday.com Stock Up 2.7 %

Shares of MNDY stock opened at $236.10 on Tuesday. monday.com has a 52 week low of $122.13 and a 52 week high of $251.48. The stock has a market capitalization of $11.40 billion, a PE ratio of 621.33, a P/E/G ratio of 47.29 and a beta of 1.30. The firm has a 50 day moving average of $231.98 and a two-hundred day moving average of $216.24.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Sei Investments Co. boosted its holdings in shares of monday.com by 63.9% in the first quarter. Sei Investments Co. now owns 107,331 shares of the company’s stock valued at $24,243,000 after acquiring an additional 41,840 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of monday.com by 55.2% in the fourth quarter. Raymond James & Associates now owns 12,525 shares of the company’s stock valued at $2,352,000 after acquiring an additional 4,457 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of monday.com in the fourth quarter valued at about $25,925,000. M&G Investment Management Ltd. boosted its holdings in shares of monday.com by 8.5% in the fourth quarter. M&G Investment Management Ltd. now owns 48,347 shares of the company’s stock valued at $9,089,000 after acquiring an additional 3,796 shares in the last quarter. Finally, Norden Group LLC purchased a new stake in shares of monday.com in the first quarter valued at about $840,000. 73.70% of the stock is owned by hedge funds and other institutional investors.

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.