Brokerages Set monday.com Ltd. (NASDAQ:MNDY) PT at $306.60

monday.com Ltd. (NASDAQ:MNDY) has been assigned a consensus rating of “Moderate Buy” from the twenty-two research firms that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $310.10.

Several research analysts recently weighed in on MNDY shares. JPMorgan Chase & Co. boosted their price target on shares of monday.com from $270.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. TD Cowen increased their price target on monday.com from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Robert W. Baird boosted their price objective on monday.com from $265.00 to $270.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. Wells Fargo & Company raised their target price on monday.com from $315.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Finally, Citigroup boosted their price target on shares of monday.com from $296.00 to $327.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th.

Institutional Trading of monday.com

A number of hedge funds and other institutional investors have recently made changes to their positions in MNDY. FMR LLC grew its holdings in monday.com by 112.0% during the 3rd quarter. FMR LLC now owns 1,512,094 shares of the company’s stock valued at $420,014,000 after buying an additional 798,791 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of monday.com by 2,851.5% in the first quarter. Clearbridge Investments LLC now owns 344,525 shares of the company’s stock valued at $77,818,000 after acquiring an additional 332,852 shares during the period. Jennison Associates LLC grew its stake in monday.com by 77.5% during the third quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock valued at $202,905,000 after acquiring an additional 318,837 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in monday.com by 431.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 385,843 shares of the company’s stock worth $107,176,000 after acquiring an additional 313,279 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in monday.com by 20.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,122,690 shares of the company’s stock worth $270,299,000 after purchasing an additional 188,800 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors.

monday.com Stock Performance

Shares of MNDY opened at $262.89 on Tuesday. The firm has a market capitalization of $12.69 billion, a P/E ratio of 641.20, a P/E/G ratio of 12.55 and a beta of 1.31. monday.com has a 52 week low of $166.86 and a 52 week high of $324.99. The stock has a 50 day moving average price of $280.53 and a two-hundred day moving average price of $248.55.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.24. The business had revenue of $251.00 million during the quarter, compared to the consensus estimate of $246.17 million. monday.com had a return on equity of 4.99% and a net margin of 2.39%. monday.com’s revenue was up 49.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.15 earnings per share. On average, equities analysts forecast that monday.com will post 0.5 earnings per share for the current year.

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.