monday.com (NASDAQ:MNDY) Sets New 1-Year High at $219.33

monday.com Ltd. (NASDAQ:MNDYGet Free Report)’s stock price hit a new 52-week high on Monday . The stock traded as high as $219.33 and last traded at $218.80, with a volume of 694399 shares traded. The stock had previously closed at $208.63.

Wall Street Analyst Weigh In

Several brokerages recently commented on MNDY. KeyCorp boosted their price target on monday.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, January 12th. Jefferies Financial Group raised monday.com from a “hold” rating to a “buy” rating and boosted their price target for the company from $180.00 to $230.00 in a research note on Friday, January 5th. Piper Sandler boosted their price target on monday.com from $225.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Tigress Financial boosted their price objective on monday.com from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 4th. Finally, UBS Group boosted their price objective on monday.com from $185.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, December 7th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $203.38.

Get Our Latest Report on monday.com

monday.com Price Performance

The stock has a market capitalization of $9.66 billion, a price-to-earnings ratio of -641.39 and a beta of 1.18. The business has a 50 day simple moving average of $188.28 and a 200-day simple moving average of $169.14.

monday.com (NASDAQ:MNDYGet Free Report) last posted its earnings results on Monday, November 13th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.43. monday.com had a negative return on equity of 2.39% and a negative net margin of 2.32%. The firm had revenue of $167.90 million during the quarter, compared to analysts’ expectations of $182.50 million. During the same period in the previous year, the firm earned ($0.51) earnings per share. The company’s revenue was up 22.6% on a year-over-year basis. As a group, equities analysts predict that monday.com Ltd. will post -0.63 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Desjardins Global Asset Management Inc. boosted its position in monday.com by 222.0% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 132 shares of the company’s stock valued at $25,000 after purchasing an additional 91 shares during the last quarter. Hollencrest Capital Management acquired a new position in monday.com during the second quarter valued at approximately $26,000. Crewe Advisors LLC boosted its position in monday.com by 90.4% during the second quarter. Crewe Advisors LLC now owns 158 shares of the company’s stock valued at $27,000 after purchasing an additional 75 shares during the last quarter. Cary Street Partners Investment Advisory LLC acquired a new position in monday.com during the second quarter valued at approximately $34,000. Finally, Arlington Partners LLC boosted its position in monday.com by 104.1% during the third quarter. Arlington Partners LLC now owns 247 shares of the company’s stock valued at $39,000 after purchasing an additional 126 shares during the last quarter. 81.30% of the stock is owned by institutional investors and hedge funds.

monday.com Company Profile

(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.

Further Reading

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