monday.com (NASDAQ:MNDY) Coverage Initiated by Analysts at Capital One Financial

Research analysts at Capital One Financial initiated coverage on shares of monday.com (NASDAQ:MNDY) in a report released on Thursday, Briefing.com reports. The firm set an “overweight” rating and a $325.00 price target on the stock. Capital One Financial‘s price objective would suggest a potential upside of 16.07% from the company’s current price.

MNDY has been the topic of a number of other research reports. Loop Capital upped their target price on monday.com from $285.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. boosted their price objective on monday.com from $270.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. DA Davidson upped their price target on shares of monday.com from $250.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. The Goldman Sachs Group raised their price objective on monday.com from $300.00 to $340.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Finally, Wolfe Research initiated coverage on shares of monday.com in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $300.00 target price on the stock. Five research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $297.60.

monday.com Stock Up 1.0 %

MNDY opened at $280.01 on Thursday. The company has a market cap of $13.52 billion, a P/E ratio of 736.87, a price-to-earnings-growth ratio of 13.58 and a beta of 1.32. The firm’s 50-day moving average price is $257.17 and its 200-day moving average price is $231.93. monday.com has a 52-week low of $122.13 and a 52-week high of $285.64.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Monday, August 12th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.23. The business had revenue of $236.11 million for the quarter, compared to analyst estimates of $227.96 million. monday.com had a net margin of 4.88% and a return on equity of 4.74%. On average, research analysts anticipate that monday.com will post 0.49 EPS for the current fiscal year.

Institutional Trading of monday.com

A number of institutional investors have recently bought and sold shares of MNDY. Fulton Bank N.A. increased its stake in monday.com by 104.7% in the third quarter. Fulton Bank N.A. now owns 3,027 shares of the company’s stock valued at $841,000 after purchasing an additional 1,548 shares during the last quarter. Diversified Trust Co lifted its position in monday.com by 12.0% during the 3rd quarter. Diversified Trust Co now owns 3,387 shares of the company’s stock worth $941,000 after acquiring an additional 364 shares during the period. Central Pacific Bank Trust Division grew its position in monday.com by 83.2% in the 3rd quarter. Central Pacific Bank Trust Division now owns 2,898 shares of the company’s stock valued at $805,000 after buying an additional 1,316 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of monday.com in the second quarter valued at about $28,747,000. Finally, Sanctuary Advisors LLC acquired a new position in monday.com during the 2nd quarter worth approximately $285,000. 73.70% of the stock is owned by hedge funds and other 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.