monday.com (NASDAQ:MNDY) Price Target Raised to $325.00 at Oppenheimer

monday.com (NASDAQ:MNDY) had its price target upped by Oppenheimer from $275.00 to $325.00 in a report released on Tuesday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

MNDY has been the subject of several other research reports. William Blair reaffirmed an “outperform” rating on shares of monday.com in a report on Monday, June 24th. Tigress Financial lifted their price objective on monday.com from $280.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. KeyCorp decreased their target price on monday.com from $280.00 to $270.00 and set an “overweight” rating on the stock in a report on Tuesday, July 2nd. DA Davidson upped their price target on shares of monday.com from $250.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Finally, Loop Capital raised their price objective on shares of monday.com from $285.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Five research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, monday.com currently has an average rating of “Moderate Buy” and a consensus price target of $303.35.

monday.com Price Performance

Shares of MNDY stock opened at $289.38 on Tuesday. The stock’s fifty day simple moving average is $268.32 and its 200 day simple moving average is $235.67. monday.com has a one year low of $122.13 and a one year high of $293.88. The firm has a market cap of $13.97 billion, a price-to-earnings ratio of 761.53, a P/E/G ratio of 13.68 and a beta of 1.32.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, August 12th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.01 by $0.23. monday.com had a net margin of 4.88% and a return on equity of 4.74%. The company had revenue of $236.11 million for the quarter, compared to the consensus estimate of $227.96 million. On average, research analysts anticipate that monday.com will post 0.49 earnings per share for the current year.

Institutional Investors Weigh In On monday.com

Large investors have recently bought and sold shares of the company. Sei Investments Co. increased its position in shares of monday.com by 63.9% in the 1st quarter. Sei Investments Co. now owns 107,331 shares of the company’s stock valued at $24,243,000 after buying an additional 41,840 shares in the last quarter. Norden Group LLC acquired a new position in monday.com in the first quarter valued at about $840,000. Bessemer Group Inc. acquired a new position in monday.com in the first quarter valued at about $1,314,000. Toth Financial Advisory Corp bought a new stake in shares of monday.com in the first quarter worth about $782,000. Finally, Swiss National Bank lifted its holdings in shares of monday.com by 4.1% during the 1st quarter. Swiss National Bank now owns 86,400 shares of the company’s stock valued at $19,515,000 after purchasing an additional 3,400 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

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.