monday.com (NASDAQ:MNDY) Earns Buy Rating from Needham & Company LLC

monday.com (NASDAQ:MNDY)‘s stock had its “buy” rating reaffirmed by investment analysts at Needham & Company LLC in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $400.00 price target on the stock. Needham & Company LLC’s price objective points to a potential upside of 43.28% from the stock’s current price.

A number of other research firms have also weighed in on MNDY. Wells Fargo & Company decreased their target price on monday.com from $380.00 to $310.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Scotiabank increased their price objective on shares of monday.com from $315.00 to $330.00 and gave the company a “sector outperform” rating in a research report on Friday, May 2nd. Robert W. Baird raised their target price on shares of monday.com from $275.00 to $335.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Canaccord Genuity Group lifted their target price on shares of monday.com from $310.00 to $375.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, The Goldman Sachs Group increased their price target on shares of monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $343.77.

monday.com Stock Up 0.3%

Shares of MNDY stock opened at $279.17 on Tuesday. The firm has a market cap of $14.17 billion, a PE ratio of 465.28, a P/E/G ratio of 16.53 and a beta of 1.32. monday.com has a 12 month low of $180.66 and a 12 month high of $342.64. The company’s fifty day simple moving average is $255.67 and its 200-day simple moving average is $265.12.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.40. The company had revenue of $282.25 million for the quarter, compared to analysts’ expectations of $275.93 million. monday.com had a return on equity of 6.22% and a net margin of 3.33%. The business’s revenue was up 30.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 EPS. On average, equities analysts predict that monday.com will post 0.46 earnings per share for the current fiscal year.

Institutional Trading of monday.com

Several large investors have recently modified their holdings of the stock. Spire Wealth Management lifted its position in monday.com by 7.9% in the 1st quarter. Spire Wealth Management now owns 572 shares of the company’s stock valued at $139,000 after acquiring an additional 42 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of monday.com by 0.3% in the fourth quarter. Clearbridge Investments LLC now owns 13,501 shares of the company’s stock worth $3,179,000 after purchasing an additional 44 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of monday.com by 32.7% in the first quarter. Farther Finance Advisors LLC now owns 211 shares of the company’s stock valued at $55,000 after purchasing an additional 52 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of monday.com by 1.3% during the fourth quarter. Prudential Financial Inc. now owns 4,122 shares of the company’s stock valued at $970,000 after buying an additional 53 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. grew its holdings in monday.com by 6.1% during the first quarter. Mesirow Financial Investment Management Inc. now owns 950 shares of the company’s stock worth $231,000 after buying an additional 55 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Company Profile

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.