monday.com (NASDAQ:MNDY) Research Coverage Started at Capital One Financial

Capital One Financial initiated coverage on shares of monday.com (NASDAQ:MNDY) in a research report report published on Thursday, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $325.00 price target on the stock.

Several other analysts also recently commented on the stock. Canaccord Genuity Group increased their target price on shares of monday.com from $250.00 to $295.00 and gave the company a buy rating in a report on Tuesday, August 13th. KeyCorp dropped their target price on shares of monday.com from $280.00 to $270.00 and set an overweight rating on the stock in a research report on Tuesday, July 2nd. JPMorgan Chase & Co. upped their target price on monday.com from $270.00 to $300.00 and gave the company an overweight rating in a report on Tuesday, August 13th. Piper Sandler reaffirmed an overweight rating and set a $300.00 price target (up from $270.00) on shares of monday.com in a research report on Monday, August 12th. Finally, The Goldman Sachs Group boosted their price objective on monday.com from $300.00 to $340.00 and gave the stock a buy rating in a research report on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, monday.com currently has an average rating of Moderate Buy and a consensus target price of $297.60.

monday.com Stock Performance

Shares of NASDAQ MNDY opened at $289.56 on Thursday. The stock has a market cap of $13.98 billion, a price-to-earnings ratio of 762.00, a PEG ratio of 13.68 and a beta of 1.32. monday.com has a fifty-two week low of $122.13 and a fifty-two week high of $289.98. The firm’s 50-day simple moving average is $260.20 and its 200 day simple moving average is $232.80.

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

Institutional Trading of monday.com

A number of institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. increased its position in shares of monday.com by 63.9% during the first 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 during the period. Norden Group LLC bought a new stake in monday.com during the 1st quarter worth approximately $840,000. Bessemer Group Inc. purchased a new stake in monday.com in the 1st quarter worth approximately $1,314,000. Toth Financial Advisory Corp bought a new position in monday.com in the 1st quarter valued at $782,000. Finally, Swiss National Bank grew its position 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. Hedge funds and other 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.