monday.com (NASDAQ:MNDY) Coverage Initiated at Barclays

Equities research analysts at Barclays initiated coverage on shares of monday.com (NASDAQ:MNDY) in a note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage set an “overweight” rating and a $275.00 price target on the stock. Barclays‘s price objective would suggest a potential upside of 16.39% from the stock’s current price.

A number of other research analysts also recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of monday.com from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. JPMorgan Chase & Co. lifted their price objective on monday.com from $230.00 to $270.00 and gave the stock an “overweight” rating in a report on Monday, March 25th. William Blair reissued an “outperform” rating on shares of monday.com in a report on Monday. DA Davidson boosted their price target on monday.com from $190.00 to $230.00 and gave the company a “neutral” rating in a research note on Thursday, May 16th. Finally, Oppenheimer upped their price target on shares of monday.com from $240.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, May 16th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $253.82.

monday.com Trading Up 2.9 %

Shares of MNDY opened at $236.28 on Wednesday. The company has a market cap of $11.41 billion, a price-to-earnings ratio of 621.81 and a beta of 1.30. The business’s fifty day simple moving average is $213.33 and its two-hundred day simple moving average is $209.13. monday.com has a 12 month low of $122.13 and a 12 month high of $249.00.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data on Wednesday, May 15th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.11) by $0.25. The company had revenue of $216.91 million during the quarter, compared to the consensus estimate of $210.33 million. monday.com had a return on equity of 2.42% and a net margin of 2.53%. As a group, research analysts forecast that monday.com will post 0.12 EPS for the current year.

Hedge Funds Weigh In On monday.com

Large investors have recently made changes to their positions in the business. Raymond James & Associates raised its stake in monday.com by 55.2% during the 4th quarter. Raymond James & Associates now owns 12,525 shares of the company’s stock valued at $2,352,000 after purchasing an additional 4,457 shares during the period. International Assets Investment Management LLC purchased a new position in shares of monday.com in the fourth quarter worth $25,925,000. M&G Investment Management Ltd. boosted its position in shares of monday.com by 8.5% during the fourth quarter. M&G Investment Management Ltd. now owns 48,347 shares of the company’s stock worth $9,089,000 after acquiring an additional 3,796 shares during the last quarter. Boulder Hill Capital Management LP bought a new stake in monday.com in the 4th quarter valued at $2,197,000. Finally, Trexquant Investment LP lifted its stake in monday.com by 107.5% in the 4th quarter. Trexquant Investment LP now owns 61,096 shares of the company’s stock worth $11,474,000 after purchasing an additional 31,656 shares in the last quarter. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

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.