monday.com (NASDAQ:MNDY) Price Target Raised to $340.00 at Piper Sandler

monday.com (NASDAQ:MNDY) had its target price boosted by Piper Sandler from $300.00 to $340.00 in a research note released on Monday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other research analysts also recently commented on the company. DA Davidson boosted their target price on monday.com from $250.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. KeyCorp decreased their price objective on shares of monday.com from $280.00 to $270.00 and set an “overweight” rating on the stock in a report on Tuesday, July 2nd. Baird R W upgraded shares of monday.com to a “hold” rating in a research report on Tuesday, July 23rd. William Blair restated an “outperform” rating on shares of monday.com in a research report on Monday, June 24th. Finally, TD Cowen lifted their target price on monday.com from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Five equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $303.35.

monday.com Trading Up 5.2 %

Shares of MNDY opened at $297.27 on Monday. The stock has a 50 day simple moving average of $269.32 and a 200-day simple moving average of $236.51. The stock has a market cap of $14.35 billion, a PE ratio of 782.29, a PEG ratio of 13.68 and a beta of 1.32. monday.com has a 1 year low of $122.13 and a 1 year high of $297.27.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Sei Investments Co. raised its holdings in shares of monday.com by 63.9% during the first quarter. Sei Investments Co. now owns 107,331 shares of the company’s stock worth $24,243,000 after acquiring an additional 41,840 shares during the period. Norden Group LLC acquired a new stake in shares of monday.com in the 1st quarter valued at about $840,000. Bessemer Group Inc. bought a new stake in shares of monday.com in the first quarter valued at about $1,314,000. Toth Financial Advisory Corp acquired a new position in shares of monday.com during the first quarter worth about $782,000. Finally, Swiss National Bank grew its holdings in shares of monday.com by 4.1% during the first quarter. Swiss National Bank now owns 86,400 shares of the company’s stock worth $19,515,000 after buying an additional 3,400 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

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.