monday.com (NASDAQ:MNDY) Price Target Raised to $270.00

monday.com (NASDAQ:MNDY) had its price objective raised by JPMorgan Chase & Co. from $230.00 to $270.00 in a report released on Monday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other equities research analysts have also issued reports on MNDY. UBS Group lifted their price target on shares of monday.com from $185.00 to $200.00 and gave the company a neutral rating in a research note on Thursday, December 7th. Canaccord Genuity Group reiterated a buy rating and issued a $195.00 price target on shares of monday.com in a research note on Thursday, December 7th. Piper Sandler restated an overweight rating and set a $250.00 price objective on shares of monday.com in a research note on Tuesday, February 13th. KeyCorp assumed coverage on shares of monday.com in a research note on Thursday, March 21st. They set an overweight rating and a $275.00 price objective on the stock. Finally, DA Davidson restated a neutral rating and set a $190.00 price objective on shares of monday.com in a research note on Tuesday, February 13th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $232.43.

monday.com Stock Down 0.4 %

Shares of NASDAQ:MNDY opened at $225.87 on Monday. monday.com has a 12 month low of $108.35 and a 12 month high of $239.22. The company’s fifty day simple moving average is $218.87 and its 200 day simple moving average is $183.82. The firm has a market cap of $10.91 billion, a price-to-earnings ratio of -3,226.25 and a beta of 1.18.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Monday, February 12th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.33. monday.com had a negative net margin of 0.26% and a negative return on equity of 0.43%. The firm had revenue of $202.60 million for the quarter, compared to analyst estimates of $197.97 million. During the same period in the previous year, the business earned ($0.03) EPS. The company’s revenue was up 35.5% compared to the same quarter last year. Research analysts expect that monday.com will post -0.16 earnings per share for the current fiscal year.

Institutional Trading of monday.com

Hedge funds and other institutional investors have recently modified their holdings of the stock. Desjardins Global Asset Management Inc. boosted its holdings in shares of monday.com by 222.0% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 132 shares of the company’s stock worth $25,000 after buying an additional 91 shares during the period. Crewe Advisors LLC boosted its holdings in shares of monday.com by 44.9% during the 3rd quarter. Crewe Advisors LLC now owns 229 shares of the company’s stock worth $36,000 after buying an additional 71 shares during the period. Arlington Partners LLC boosted its holdings in shares of monday.com by 104.1% during the 3rd quarter. Arlington Partners LLC now owns 247 shares of the company’s stock worth $39,000 after buying an additional 126 shares during the period. Quarry LP boosted its holdings in shares of monday.com by 192.0% during the 1st quarter. Quarry LP now owns 254 shares of the company’s stock worth $36,000 after buying an additional 167 shares during the period. Finally, Employees Retirement System of Texas bought a new stake in monday.com in the 4th quarter valued at about $53,000. 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.