monday.com (NASDAQ:MNDY) Price Target Raised to $310.00 at Loop Capital

monday.com (NASDAQ:MNDY) had its price objective lifted by Loop Capital from $285.00 to $310.00 in a research report sent to investors on Wednesday morning, Benzinga reports. Loop Capital currently has a buy rating on the stock.

A number of other research firms have also recently commented on MNDY. Robert W. Baird increased their target price on shares of monday.com from $250.00 to $265.00 and gave the company a neutral rating in a research report on Tuesday, August 13th. TD Cowen increased their price target on monday.com from $275.00 to $300.00 and gave the company a buy rating in a research note on Tuesday, August 13th. Needham & Company LLC boosted their price target on monday.com from $250.00 to $300.00 and gave the stock a buy rating in a research note on Monday, August 12th. Wolfe Research initiated coverage on shares of monday.com in a report on Tuesday, July 9th. They issued an outperform rating and a $300.00 price target for the company. Finally, The Goldman Sachs Group boosted their price objective on shares of monday.com from $300.00 to $340.00 and gave the company a buy rating in a report on Tuesday, August 13th. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $294.84.

monday.com Trading Down 0.4 %

Shares of MNDY stock opened at $271.97 on Wednesday. monday.com has a twelve month low of $122.13 and a twelve month high of $285.64. The stock has a fifty day simple moving average of $250.46 and a two-hundred day simple moving average of $229.05. The stock has a market capitalization of $13.13 billion, a price-to-earnings ratio of 715.71, a P/E/G ratio of 13.58 and a beta of 1.32.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data on Monday, August 12th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.23. The company had revenue of $236.11 million during 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%. Research analysts predict that monday.com will post 0.49 EPS for the current fiscal year.

Institutional Investors Weigh In On monday.com

A number of large investors have recently bought and sold shares of MNDY. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in monday.com in the 2nd quarter valued at about $28,747,000. Sanctuary Advisors LLC acquired a new stake in monday.com in the 2nd quarter worth about $285,000. Truist Financial Corp increased its stake in shares of monday.com by 4.1% during the 2nd quarter. Truist Financial Corp now owns 4,993 shares of the company’s stock valued at $1,202,000 after acquiring an additional 195 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in shares of monday.com by 23.0% during the 2nd quarter. Mackenzie Financial Corp now owns 1,981 shares of the company’s stock worth $477,000 after acquiring an additional 371 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of monday.com by 19.6% in the second quarter. The Manufacturers Life Insurance Company now owns 12,355 shares of the company’s stock worth $2,975,000 after acquiring an additional 2,023 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.