monday.com (NASDAQ:MNDY) Price Target Raised to $275.00 at Robert W. Baird

monday.com (NASDAQ:MNDY) had its target price raised by Robert W. Baird from $270.00 to $275.00 in a report issued on Tuesday morning,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

Several other research analysts have also recently issued reports on the company. Loop Capital cut their price target on monday.com from $310.00 to $300.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. Oppenheimer raised their price objective on shares of monday.com from $275.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Canaccord Genuity Group upped their target price on shares of monday.com from $295.00 to $310.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. DA Davidson reiterated a “neutral” rating and set a $300.00 price target on shares of monday.com in a research note on Tuesday, November 12th. Finally, Scotiabank reduced their price objective on monday.com from $325.00 to $300.00 and set a “sector outperform” rating for the company in a research note on Thursday, January 16th. Five analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, monday.com has a consensus rating of “Moderate Buy” and an average target price of $310.68.

monday.com Stock Down 1.9 %

Shares of monday.com stock opened at $248.90 on Tuesday. monday.com has a twelve month low of $174.75 and a twelve month high of $324.99. The company’s 50 day moving average is $254.39 and its 200 day moving average is $259.51. The company has a market cap of $12.02 billion, a price-to-earnings ratio of 607.07, a price-to-earnings-growth ratio of 6.13 and a beta of 1.30.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Monday, November 11th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.24. monday.com had a return on equity of 4.99% and a net margin of 2.39%. The firm had revenue of $251.00 million for the quarter, compared to analysts’ expectations of $246.17 million. During the same period in the prior year, the firm earned $0.15 EPS. The company’s revenue was up 49.5% compared to the same quarter last year. Sell-side analysts expect that monday.com will post 0.85 EPS for the current fiscal year.

Institutional Trading of monday.com

Several hedge funds have recently modified their holdings of the company. China Universal Asset Management Co. Ltd. bought a new stake in monday.com in the third quarter worth $1,667,000. International Assets Investment Management LLC bought a new stake in shares of monday.com in the 3rd quarter worth about $21,989,000. Taylor Frigon Capital Management LLC bought a new stake in shares of monday.com in the 3rd quarter worth about $1,311,000. Jennison Associates LLC raised its position in shares of monday.com by 77.5% during the 3rd quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock valued at $202,905,000 after buying an additional 318,837 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of monday.com by 6.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 36,572 shares of the company’s stock valued at $10,159,000 after acquiring an additional 2,196 shares during the last quarter. 73.70% of the stock is owned by hedge funds and other 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.