monday.com (NASDAQ:MNDY) Rating Reiterated by Piper Sandler

monday.com (NASDAQ:MNDYGet Free Report)‘s stock had its “overweight” rating reiterated by Piper Sandler in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $270.00 target price on the stock, up from their prior target price of $250.00. Piper Sandler’s price objective would indicate a potential upside of 24.65% from the company’s current price.

A number of other equities research analysts have also recently commented on MNDY. Citigroup cut monday.com from a “buy” rating to a “neutral” rating and decreased their price target for the company from $277.00 to $250.00 in a report on Wednesday, April 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $230.00 target price on shares of monday.com in a report on Tuesday, April 30th. KeyCorp began coverage on monday.com in a report on Thursday, March 21st. They issued an “overweight” rating and a $275.00 target price on the stock. Oppenheimer lifted their target price on monday.com from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Tuesday, February 13th. Finally, Wells Fargo & Company began coverage on monday.com in a report on Tuesday, April 9th. They issued an “overweight” rating and a $260.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $242.67.

Check Out Our Latest Research Report on monday.com

monday.com Stock Performance

Shares of NASDAQ MNDY traded up $34.75 during midday trading on Wednesday, hitting $216.61. 2,813,566 shares of the stock traded hands, compared to its average volume of 844,242. The firm has a market capitalization of $10.46 billion, a P/E ratio of -3,098.99 and a beta of 1.24. monday.com has a one year low of $122.13 and a one year high of $239.22. The firm has a 50-day moving average of $204.68 and a two-hundred day moving average of $194.44.

monday.com (NASDAQ:MNDYGet Free Report) last posted its quarterly earnings data on Monday, February 12th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.32 by $0.33. The firm had revenue of $202.60 million during the quarter, compared to analyst estimates of $197.97 million. monday.com had a negative return on equity of 0.43% and a negative net margin of 0.26%. monday.com’s revenue was up 35.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.03) EPS. Equities analysts forecast that monday.com will post -0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On monday.com

A number of institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its position in shares of monday.com by 1.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,566 shares of the company’s stock valued at $714,781,000 after acquiring an additional 31,304 shares during the period. Hood River Capital Management LLC acquired a new stake in shares of monday.com during the 1st quarter valued at about $4,968,000. Brown Capital Management LLC acquired a new stake in shares of monday.com during the 1st quarter valued at about $24,046,000. JT Stratford LLC acquired a new stake in shares of monday.com during the 1st quarter valued at about $264,000. Finally, Consolidated Press International Holdings Ltd grew its position in shares of monday.com by 0.4% during the 1st quarter. Consolidated Press International Holdings Ltd now owns 44,654 shares of the company’s stock valued at $10,086,000 after acquiring an additional 189 shares during the period. Hedge funds and other institutional investors own 73.70% of the company’s stock.

About monday.com

(Get Free Report)

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.

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Analyst Recommendations for monday.com (NASDAQ:MNDY)

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