monday.com (NASDAQ:MNDY) Stock Rating Upgraded by Wall Street Zen

monday.com (NASDAQ:MNDY) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

MNDY has been the subject of a number of other reports. TD Cowen increased their price target on shares of monday.com from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Guggenheim set a $130.00 price objective on shares of monday.com and gave the company a “buy” rating in a research report on Thursday, April 9th. Barclays upped their price objective on shares of monday.com from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Tigress Financial cut their target price on shares of monday.com to $165.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Finally, Zacks Research lowered shares of monday.com from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Seventeen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $126.48.

monday.com Stock Performance

Shares of monday.com stock opened at $71.53 on Friday. The stock has a 50-day moving average price of $74.22 and a 200 day moving average price of $96.43. The company has a market cap of $3.66 billion, a P/E ratio of 31.10, a P/E/G ratio of 3.58 and a beta of 1.24. monday.com has a 1 year low of $57.50 and a 1 year high of $316.98.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Friday, March 13th. The company reported $1.15 EPS for the quarter. monday.com had a return on equity of 5.10% and a net margin of 9.17%.The firm had revenue of $351.26 million during the quarter. On average, equities analysts forecast that monday.com will post 1.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On monday.com

Institutional investors have recently made changes to their positions in the company. Capital World Investors grew its stake in shares of monday.com by 91.4% in the 4th quarter. Capital World Investors now owns 3,286,461 shares of the company’s stock valued at $484,950,000 after buying an additional 1,569,198 shares in the last quarter. Renaissance Technologies LLC raised its position in monday.com by 93.3% during the first quarter. Renaissance Technologies LLC now owns 2,181,990 shares of the company’s stock valued at $150,797,000 after acquiring an additional 1,052,900 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in monday.com by 15.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,274,910 shares of the company’s stock valued at $188,126,000 after acquiring an additional 165,996 shares during the last quarter. SG Americas Securities LLC lifted its stake in monday.com by 110.9% in the fourth quarter. SG Americas Securities LLC now owns 932,912 shares of the company’s stock valued at $137,660,000 after acquiring an additional 490,491 shares during the last quarter. Finally, Baillie Gifford & Co. grew its position in monday.com by 2.2% in the fourth quarter. Baillie Gifford & Co. now owns 723,655 shares of the company’s stock worth $106,783,000 after acquiring an additional 15,377 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Company Profile

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.