monday.com (NASDAQ:MNDY) Receives “Neutral” Rating from DA Davidson

DA Davidson restated their neutral rating on shares of monday.com (NASDAQ:MNDY) in a research note published on Tuesday morning, Marketbeat reports. DA Davidson currently has a $300.00 target price on the stock.

Several other research firms have also recently commented on MNDY. Baird R W raised monday.com to a “hold” rating in a research note on Tuesday, July 23rd. UBS Group upped their target price on shares of monday.com from $240.00 to $280.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 13th. Loop Capital boosted their price target on shares of monday.com from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Citigroup lifted their price objective on shares of monday.com from $296.00 to $327.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Finally, Bank of America increased their target price on monday.com from $280.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, monday.com currently has an average rating of “Moderate Buy” and an average price target of $310.10.

monday.com Stock Down 2.2 %

NASDAQ:MNDY opened at $262.89 on Tuesday. monday.com has a 52 week low of $166.86 and a 52 week high of $324.99. The stock’s fifty day moving average is $280.53 and its two-hundred day moving average is $248.14. The stock has a market capitalization of $12.69 billion, a price-to-earnings ratio of 641.20, a price-to-earnings-growth ratio of 12.55 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.24. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The company had revenue of $251.00 million for the quarter, compared to analyst estimates of $246.17 million. During the same period in the prior year, the firm earned $0.15 earnings per share. The business’s revenue for the quarter was up 49.5% compared to the same quarter last year. On average, sell-side analysts expect that monday.com will post 0.5 EPS for the current fiscal year.

Institutional Trading of monday.com

A number of hedge funds have recently added to or reduced their stakes in MNDY. Geode Capital Management LLC boosted its holdings in monday.com by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 330,777 shares of the company’s stock valued at $91,447,000 after purchasing an additional 12,968 shares in the last quarter. Vestcor Inc grew its holdings in monday.com by 31.4% during the 3rd quarter. Vestcor Inc now owns 519 shares of the company’s stock valued at $144,000 after buying an additional 124 shares during the last quarter. Barclays PLC increased its position in monday.com by 225.8% during the 3rd quarter. Barclays PLC now owns 17,427 shares of the company’s stock worth $4,840,000 after purchasing an additional 12,078 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of monday.com during the third quarter valued at approximately $6,416,000. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of monday.com by 15.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 10,510 shares of the company’s stock worth $2,919,000 after purchasing an additional 1,410 shares during the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.

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.