monday.com (NASDAQ:MNDY) Stock Price Up 12.2%

Shares of monday.com Ltd. (NASDAQ:MNDYGet Rating) rose 12.2% during mid-day trading on Friday . The stock traded as high as $94.31 and last traded at $94.00. Approximately 9,565 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 582,789 shares. The stock had previously closed at $83.79.

Analyst Upgrades and Downgrades

MNDY has been the topic of several recent analyst reports. Cowen boosted their target price on shares of monday.com from $150.00 to $180.00 and gave the company an “outperform” rating in a report on Tuesday, August 9th. Moffett Nathanson initiated coverage on shares of monday.com in a report on Thursday, September 22nd. They issued an “outperform” rating and a $170.00 target price on the stock. Credit Suisse Group initiated coverage on shares of monday.com in a report on Friday, September 23rd. They issued an “outperform” rating and a $180.00 target price on the stock. Canaccord Genuity Group boosted their target price on shares of monday.com from $150.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, August 9th. Finally, Citigroup decreased their price target on shares of monday.com from $156.00 to $135.00 in a research note on Friday, October 21st. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $189.67.

monday.com Stock Up 13.6 %

The firm’s 50-day moving average price is $109.60 and its 200 day moving average price is $112.28. The company has a market capitalization of $4.20 billion, a P/E ratio of -24.60 and a beta of 1.24.

Institutional Investors Weigh In On monday.com

Hedge funds and other institutional investors have recently made changes to their positions in the business. Samson Rock Capital LLP bought a new stake in shares of monday.com during the first quarter worth about $1,024,000. FourThought Financial LLC bought a new stake in shares of monday.com during the first quarter worth about $42,000. TenCore Partners LP increased its position in shares of monday.com by 52.8% during the first quarter. TenCore Partners LP now owns 254,085 shares of the company’s stock worth $40,163,000 after acquiring an additional 87,800 shares in the last quarter. Liberty Mutual Group Asset Management Inc. bought a new stake in shares of monday.com during the first quarter worth about $2,419,000. Finally, SJS Investment Consulting Inc. purchased a new position in monday.com during the first quarter worth about $37,000. 64.64% of the stock is owned by institutional investors.

About monday.com

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monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, and internationally. It 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.

Further Reading

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