monday.com (NASDAQ:MNDY) Price Target Increased to $327.00 by Analysts at Citigroup

monday.com (NASDAQ:MNDY) had its price objective boosted by Citigroup from $296.00 to $327.00 in a report published on Wednesday, Benzinga reports. The firm currently has a neutral rating on the stock.

MNDY has been the subject of a number of other research reports. UBS Group raised their price target on shares of monday.com from $240.00 to $280.00 and gave the company a neutral rating in a report on Tuesday, August 13th. DA Davidson boosted their target price on monday.com from $250.00 to $300.00 and gave the stock a neutral rating in a research report on Wednesday. Loop Capital raised their price target on monday.com from $285.00 to $310.00 and gave the company a buy rating in a report on Wednesday. Baird R W upgraded shares of monday.com to a hold rating in a research report on Tuesday, July 23rd. Finally, Needham & Company LLC lifted their price target on shares of monday.com from $250.00 to $300.00 and gave the stock a buy rating in a research report on Monday, August 12th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $294.84.

monday.com Stock Performance

monday.com stock opened at $271.97 on Wednesday. The business’s fifty day moving average is $250.46 and its two-hundred day moving average is $229.02. The firm has a market cap of $13.13 billion, a P/E ratio of 715.71, a P/E/G ratio of 13.58 and a beta of 1.32. monday.com has a 52 week low of $122.13 and a 52 week high of $285.64.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, August 12th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.23. monday.com had a net margin of 4.88% and a return on equity of 4.74%. The firm had revenue of $236.11 million for the quarter, compared to analyst estimates of $227.96 million. On average, equities research analysts predict that monday.com will post 0.49 earnings per share for the current year.

Institutional Investors Weigh In On monday.com

A number of hedge funds have recently modified their holdings of MNDY. Ridgewood Investments LLC acquired a new position in shares of monday.com in the 2nd quarter valued at approximately $45,000. Gilliland Jeter Wealth Management LLC lifted its stake in monday.com by 72.9% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock valued at $58,000 after buying an additional 102 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of monday.com in the second quarter valued at approximately $69,000. PNC Financial Services Group Inc. increased its position in shares of monday.com by 373.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 393 shares of the company’s stock worth $74,000 after acquiring an additional 310 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. raised its holdings in shares of monday.com by 741.7% during the first quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company’s stock worth $91,000 after acquiring an additional 356 shares during the period. 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.