monday.com (NASDAQ:MNDY) Upgraded at Cantor Fitzgerald

monday.com (NASDAQ:MNDY) was upgraded by equities researchers at Cantor Fitzgerald to a “strong-buy” rating in a report released on Thursday, MarketBeat reports. The brokerage currently has a $292.00 price target on the stock. Cantor Fitzgerald’s price target would suggest a potential upside of 20.64% from the company’s previous close.

Several other research analysts have also recently issued reports on MNDY. Barclays raised their price objective on monday.com from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Loop Capital dropped their target price on shares of monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a report on Monday, December 23rd. Needham & Company LLC boosted their price target on shares of monday.com from $300.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. TD Cowen upped their price target on shares of monday.com from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, Robert W. Baird boosted their price objective on shares of monday.com from $265.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Five analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, monday.com presently has an average rating of “Moderate Buy” and a consensus price target of $310.48.

monday.com Trading Up 0.6 %

NASDAQ:MNDY opened at $242.05 on Thursday. The company has a market cap of $11.69 billion, a price-to-earnings ratio of 590.37, a price-to-earnings-growth ratio of 5.41 and a beta of 1.30. monday.com has a twelve month low of $174.75 and a twelve month high of $324.99. The stock has a fifty day simple moving average of $256.02 and a 200-day simple moving average of $259.37.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.24. The company had revenue of $251.00 million during the quarter, compared to analyst estimates of $246.17 million. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The firm’s revenue for the quarter was up 49.5% on a year-over-year basis. During the same quarter last year, the business posted $0.15 EPS. As a group, equities research analysts predict that monday.com will post 0.85 EPS for the current fiscal year.

Hedge Funds Weigh In On monday.com

Several hedge funds have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. increased its holdings in shares of monday.com by 4.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,065 shares of the company’s stock valued at $497,000 after purchasing an additional 91 shares during the period. Mercer Global Advisors Inc. ADV grew its position in monday.com by 4.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,124 shares of the company’s stock worth $271,000 after purchasing an additional 47 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in shares of monday.com by 12.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,602 shares of the company’s stock valued at $626,000 after buying an additional 286 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in shares of monday.com by 43.1% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 7,300 shares of the company’s stock valued at $1,758,000 after buying an additional 2,200 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of monday.com by 5.8% in the 2nd quarter. Sei Investments Co. now owns 113,503 shares of the company’s stock valued at $27,327,000 after buying an additional 6,172 shares during the period. 73.70% of the stock is owned by institutional investors and hedge funds.

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.