monday.com (NASDAQ:MNDY) Stock Rating Upgraded by DA Davidson

DA Davidson upgraded shares of monday.com (NASDAQ:MNDY) from a neutral rating to a buy rating in a report released on Monday, Marketbeat Ratings reports. They currently have $350.00 price target on the stock.

A number of other brokerages have also commented on MNDY. Cantor Fitzgerald boosted their target price on monday.com from $292.00 to $380.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. boosted their target price on monday.com from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Jefferies Financial Group boosted their target price on monday.com from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Scotiabank boosted their target price on monday.com from $300.00 to $400.00 and gave the company a “sector outperform” rating in a research report on Tuesday, February 11th. Finally, KeyCorp raised monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 target price for the company in a research report on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat, monday.com presently has an average rating of “Moderate Buy” and an average price target of $354.45.

monday.com Price Performance

Shares of NASDAQ:MNDY opened at $265.73 on Monday. The company has a market capitalization of $12.83 billion, a price-to-earnings ratio of 442.88, a P/E/G ratio of 16.53 and a beta of 1.27. The business’s 50-day moving average is $266.54 and its 200-day moving average is $269.65. monday.com has a 1 year low of $174.75 and a 1 year high of $342.64.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. Analysts anticipate that monday.com will post 0.46 EPS for the current year.

Hedge Funds Weigh In On monday.com

Institutional investors have recently modified their holdings of the business. Stonebridge Financial Group LLC bought a new position in shares of monday.com in the fourth quarter valued at approximately $25,000. Arcadia Investment Management Corp MI bought a new position in shares of monday.com in the fourth quarter valued at approximately $28,000. R Squared Ltd purchased a new position in monday.com in the fourth quarter valued at approximately $33,000. Signaturefd LLC lifted its stake in monday.com by 157.1% in the fourth quarter. Signaturefd LLC now owns 144 shares of the company’s stock valued at $34,000 after purchasing an additional 88 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its stake in monday.com by 64.8% in the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock valued at $35,000 after purchasing an additional 59 shares during the last quarter. 73.70% of the stock is owned by institutional investors.

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.