monday.com (NASDAQ:MNDY) Upgraded to Strong-Buy at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of monday.com (NASDAQ:MNDY) to a strong-buy rating in a report published on Thursday, Marketbeat reports. Cantor Fitzgerald currently has $292.00 target price on the stock.

MNDY has been the topic of a number of other reports. Loop Capital decreased their target price on shares of monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. Needham & Company LLC lifted their price target on shares of monday.com from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Piper Sandler reduced their price target on shares of monday.com from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. DA Davidson reaffirmed a “neutral” rating and set a $300.00 price target on shares of monday.com in a research report on Tuesday, November 12th. Finally, Citigroup raised shares of monday.com from a “neutral” rating to a “buy” rating and reduced their price target for the company from $302.00 to $298.00 in a research report on Thursday. Five investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, monday.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $310.48.

monday.com Price Performance

MNDY opened at $242.05 on Thursday. The company’s 50 day simple moving average is $256.02 and its two-hundred day simple moving average is $259.53. monday.com has a 1-year low of $174.75 and a 1-year high of $324.99. The firm has a market capitalization 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 (NASDAQ:MNDY) last released its earnings results on Monday, November 11th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.24. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The business had revenue of $251.00 million for the quarter, compared to analyst estimates of $246.17 million. During the same period last year, the company posted $0.15 EPS. The business’s revenue was up 49.5% on a year-over-year basis. On average, equities analysts anticipate that monday.com will post 0.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On monday.com

Several institutional investors have recently modified their holdings of MNDY. FMR LLC grew its stake in shares of monday.com by 112.0% in the third quarter. FMR LLC now owns 1,512,094 shares of the company’s stock worth $420,014,000 after acquiring an additional 798,791 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of monday.com by 1,024.7% in the fourth quarter. SG Americas Securities LLC now owns 476,392 shares of the company’s stock worth $112,162,000 after acquiring an additional 434,035 shares in the last quarter. Jennison Associates LLC grew its stake in shares of monday.com by 77.5% during the third quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock worth $202,905,000 after purchasing an additional 318,837 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of monday.com by 431.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 385,843 shares of the company’s stock worth $107,176,000 after purchasing an additional 313,279 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its stake in shares of monday.com by 34.4% during the second quarter. 1832 Asset Management L.P. now owns 667,500 shares of the company’s stock worth $160,707,000 after purchasing an additional 170,800 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

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.