monday.com (NASDAQ:MNDY) PT Raised to $238.00

monday.com (NASDAQ:MNDYGet Free Report) had its price target lifted by investment analysts at KeyCorp from $220.00 to $238.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s target price would suggest a potential upside of 9.19% from the stock’s previous close.

MNDY has been the subject of a number of other reports. UBS Group lifted their target price on monday.com from $185.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, December 7th. DA Davidson upgraded monday.com from a “neutral” rating to a “buy” rating and set a $170.00 price objective for the company in a research note on Tuesday, November 7th. Jefferies Financial Group upgraded monday.com from a “hold” rating to a “buy” rating and lifted their target price for the company from $180.00 to $230.00 in a research note on Friday, January 5th. Piper Sandler reiterated an “overweight” rating and set a $250.00 price objective on shares of monday.com in a research note on Monday. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $195.00 target price on shares of monday.com in a research note on Thursday, December 7th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, monday.com has a consensus rating of “Moderate Buy” and an average target price of $204.50.

View Our Latest Stock Analysis on MNDY

monday.com Trading Up 1.2 %

Shares of MNDY stock opened at $217.96 on Tuesday. monday.com has a 52 week low of $108.35 and a 52 week high of $220.74. The company’s fifty day simple moving average is $192.71 and its two-hundred day simple moving average is $170.62.

monday.com (NASDAQ:MNDYGet Free Report) last released its earnings results on Monday, November 13th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.43. monday.com had a negative net margin of 2.32% and a negative return on equity of 2.39%. The firm had revenue of $167.90 million during the quarter, compared to analyst estimates of $182.50 million. During the same quarter last year, the business earned ($0.51) EPS. The business’s revenue was up 22.6% on a year-over-year basis. On average, sell-side analysts forecast that monday.com will post -0.63 EPS for the current fiscal year.

Institutional Trading of monday.com

Hedge funds have recently made changes to their positions in the company. Desjardins Global Asset Management Inc. grew its stake in monday.com by 222.0% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 132 shares of the company’s stock worth $25,000 after purchasing an additional 91 shares in the last quarter. Hollencrest Capital Management acquired a new position in shares of monday.com in the 2nd quarter worth approximately $26,000. Crewe Advisors LLC boosted its holdings in monday.com by 90.4% in the second quarter. Crewe Advisors LLC now owns 158 shares of the company’s stock worth $27,000 after purchasing an additional 75 shares during the period. Cary Street Partners Investment Advisory LLC bought a new stake in monday.com during the second quarter valued at $34,000. Finally, Quarry LP raised its holdings in shares of monday.com by 192.0% during the first quarter. Quarry LP now owns 254 shares of the company’s stock worth $36,000 after purchasing an additional 167 shares during the period. Hedge funds and other institutional investors own 81.30% 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, 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.

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