monday.com (NASDAQ:MNDY) Stock Price Expected to Rise, Robert W. Baird Analyst Says

monday.com (NASDAQ:MNDY) had its target price hoisted by Robert W. Baird from $275.00 to $335.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

Other equities analysts also recently issued research reports about the company. William Blair restated an “outperform” rating on shares of monday.com in a research report on Wednesday, December 18th. Oppenheimer lifted their price objective on monday.com from $275.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their target price on monday.com from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday. Needham & Company LLC lifted their target price on monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Monday. Finally, Piper Sandler lifted their target price on monday.com from $345.00 to $385.00 and gave the company an “overweight” rating in a research note on Monday. Four analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $353.32.

monday.com Stock Up 0.4 %

MNDY opened at $327.92 on Tuesday. monday.com has a 12-month low of $174.75 and a 12-month high of $342.64. The firm has a market capitalization of $15.83 billion, a P/E ratio of 799.80, a price-to-earnings-growth ratio of 7.67 and a beta of 1.31. The stock’s 50 day moving average price is $251.31 and its two-hundred day moving average price is $262.68.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a return on equity of 4.99% and a net margin of 2.39%. As a group, analysts anticipate that monday.com will post 0.85 earnings per share for the current year.

Institutional Trading of monday.com

A number of institutional investors have recently modified their holdings of MNDY. FMR LLC lifted its holdings in shares of monday.com by 112.0% in the third quarter. FMR LLC now owns 1,512,094 shares of the company’s stock valued at $420,014,000 after purchasing an additional 798,791 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of monday.com by 1,024.7% in the fourth quarter. SG Americas Securities LLC now owns 476,392 shares of the company’s stock valued at $112,162,000 after purchasing an additional 434,035 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of monday.com by 77.5% in the third quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock valued at $202,905,000 after purchasing an additional 318,837 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of monday.com by 431.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 385,843 shares of the company’s stock valued at $107,176,000 after purchasing an additional 313,279 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of monday.com in the fourth quarter valued at about $27,010,000. 73.70% of the stock is currently owned by institutional investors.

About monday.com

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.