monday.com (NASDAQ:MNDY) Coverage Initiated by Analysts at Scotiabank

Scotiabank initiated coverage on shares of monday.com (NASDAQ:MNDY) in a report issued on Tuesday morning, Marketbeat reports. The firm issued a sector outperform rating and a $325.00 target price on the stock.

Several other research analysts also recently commented on MNDY. Tigress Financial raised their price objective on shares of monday.com from $280.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Barclays raised their price objective on monday.com from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Loop Capital lifted their price objective on monday.com from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Capital One Financial assumed coverage on monday.com in a research note on Thursday, October 10th. They issued an “overweight” rating and a $325.00 target price for the company. Finally, Bank of America boosted their target price on monday.com from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Five research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, monday.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $310.81.

monday.com Trading Up 3.0 %

NASDAQ:MNDY opened at $284.59 on Tuesday. The stock has a market capitalization of $13.74 billion, a price-to-earnings ratio of 694.12, a PEG ratio of 7.16 and a beta of 1.31. monday.com has a 12 month low of $170.00 and a 12 month high of $324.99. The firm has a fifty day simple moving average of $282.14 and a two-hundred day simple moving average of $250.83.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data 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 firm had revenue of $251.00 million for the quarter, compared to the consensus estimate of $246.17 million. During the same period in the previous year, the firm earned $0.15 EPS. The business’s revenue for the quarter was up 49.5% compared to the same quarter last year. Equities analysts predict that monday.com will post 0.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On monday.com

A number of large investors have recently made changes to their positions in the company. Bessemer Group Inc. purchased a new position in shares of monday.com in the first quarter worth approximately $1,314,000. China Universal Asset Management Co. Ltd. purchased a new position in shares of monday.com during the 3rd quarter worth $1,667,000. International Assets Investment Management LLC purchased a new position in shares of monday.com during the 3rd quarter worth $21,989,000. Taylor Frigon Capital Management LLC bought a new stake in shares of monday.com during the 3rd quarter valued at $1,311,000. Finally, Quent Capital LLC bought a new stake in monday.com during the first quarter valued at about $565,000. 73.70% of the stock is currently owned by 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.