monday.com (NASDAQ:MNDY) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of monday.com (NASDAQ:MNDY) from a hold rating to a buy rating in a research note released on Saturday.

A number of other research analysts have also recently weighed in on MNDY. Barclays lifted their price target on shares of monday.com from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday. Piper Sandler lifted their price target on shares of monday.com from $85.00 to $90.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Oppenheimer set a $115.00 price target on shares of monday.com in a research report on Monday, May 11th. Citigroup reduced their price target on shares of monday.com from $176.00 to $154.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Finally, TD Cowen lifted their price target on shares of monday.com from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday. Seventeen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $132.78.

monday.com Stock Up 3.2%

Shares of MNDY stock opened at $71.97 on Friday. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 31.29, a price-to-earnings-growth ratio of 3.12 and a beta of 1.17. monday.com has a fifty-two week low of $57.50 and a fifty-two week high of $316.98. The firm’s 50 day moving average price is $70.27 and its two-hundred day moving average price is $112.08.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Friday, March 13th. The company reported $1.15 earnings per share for the quarter. The firm had revenue of $351.27 million for the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. On average, equities analysts forecast that monday.com will post 1.83 EPS for the current fiscal year.

Institutional Trading of monday.com

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its stake in shares of monday.com by 76.5% in the second quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock worth $47,000 after buying an additional 65 shares during the last quarter. CoreCap Advisors LLC increased its stake in shares of monday.com by 29.8% in the fourth quarter. CoreCap Advisors LLC now owns 388 shares of the company’s stock worth $57,000 after buying an additional 89 shares during the last quarter. Rafferty Asset Management LLC increased its stake in shares of monday.com by 5.3% in the third quarter. Rafferty Asset Management LLC now owns 1,802 shares of the company’s stock worth $349,000 after buying an additional 91 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of monday.com by 2,120.0% in the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after buying an additional 106 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. increased its stake in shares of monday.com by 84.4% in the third quarter. Hazlett Burt & Watson Inc. now owns 295 shares of the company’s stock worth $57,000 after buying an additional 135 shares during the last quarter. Institutional investors own 73.70% of the company’s stock.

About monday.com

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.