monday.com (NASDAQ:MNDY) Upgraded at DA Davidson

DA Davidson upgraded shares of monday.com (NASDAQ:MNDY) from a neutral rating to a buy rating in a research report sent to investors on Monday, MarketBeat.com reports. DA Davidson currently has $350.00 price objective on the stock.

Several other research firms have also weighed in on MNDY. Robert W. Baird boosted their price target on monday.com from $275.00 to $335.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. boosted their price target on monday.com from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Citigroup raised monday.com from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $302.00 to $298.00 in a research report on Thursday, January 16th. Wells Fargo & Company boosted their price target on monday.com from $340.00 to $380.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, The Goldman Sachs Group boosted their price target on monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $354.45.

monday.com Stock Performance

Shares of monday.com stock opened at $262.68 on Monday. The business’s 50 day simple moving average is $267.89 and its 200 day simple moving average is $269.54. monday.com has a 52-week low of $174.75 and a 52-week high of $342.64. The firm has a market cap of $12.68 billion, a PE ratio of 437.80, a P/E/G ratio of 16.53 and a beta of 1.27.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. As a group, equities research analysts predict that monday.com will post 0.46 EPS for the current year.

Institutional Trading of monday.com

Institutional investors have recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of monday.com by 78.7% during the 4th quarter. FMR LLC now owns 2,701,952 shares of the company’s stock valued at $636,147,000 after acquiring an additional 1,189,858 shares during the period. Jennison Associates LLC lifted its position in shares of monday.com by 13.7% during the 4th quarter. Jennison Associates LLC now owns 830,811 shares of the company’s stock valued at $195,606,000 after acquiring an additional 100,333 shares during the period. Westfield Capital Management Co. LP lifted its position in shares of monday.com by 2.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 600,379 shares of the company’s stock valued at $166,767,000 after acquiring an additional 14,304 shares during the period. State Street Corp lifted its position in shares of monday.com by 3.8% during the 3rd quarter. State Street Corp now owns 587,879 shares of the company’s stock valued at $163,295,000 after acquiring an additional 21,585 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its position in shares of monday.com by 264.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company’s stock valued at $126,407,000 after acquiring an additional 403,255 shares during the period. 73.70% of the stock is currently owned by 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.