monday.com (NASDAQ:MNDY) Earns “Outperform” Rating from William Blair

William Blair reissued their outperform rating on shares of monday.com (NASDAQ:MNDY) in a report published on Monday, RTT News reports.

Other research analysts also recently issued research reports about the company. Oppenheimer increased their price target on monday.com from $240.00 to $250.00 and gave the stock an outperform rating in a research note on Thursday, May 16th. Citigroup lowered shares of monday.com from a buy rating to a neutral rating and cut their target price for the stock from $277.00 to $250.00 in a research report on Wednesday, April 10th. KeyCorp boosted their price target on shares of monday.com from $275.00 to $280.00 and gave the company an overweight rating in a research report on Thursday, May 16th. The Goldman Sachs Group raised their price objective on shares of monday.com from $270.00 to $300.00 and gave the stock a buy rating in a report on Thursday, May 16th. Finally, Needham & Company LLC reissued a buy rating and set a $250.00 target price on shares of monday.com in a report on Monday, June 17th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $253.82.

monday.com Stock Performance

Shares of MNDY stock opened at $229.52 on Monday. The firm has a market cap of $11.08 billion, a price-to-earnings ratio of 604.02 and a beta of 1.30. monday.com has a 52 week low of $122.13 and a 52 week high of $249.00. The firm’s 50-day simple moving average is $212.31 and its two-hundred day simple moving average is $208.94.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings results on Wednesday, May 15th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.25. monday.com had a net margin of 2.53% and a return on equity of 2.42%. The company had revenue of $216.91 million for the quarter, compared to analysts’ expectations of $210.33 million. Analysts forecast that monday.com will post 0.12 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MNDY. Desjardins Global Asset Management Inc. increased its holdings in shares of monday.com by 222.0% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 132 shares of the company’s stock worth $25,000 after buying an additional 91 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of monday.com by 2.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 34,044 shares of the company’s stock valued at $65,000 after purchasing an additional 691 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in monday.com by 373.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 393 shares of the company’s stock worth $74,000 after buying an additional 310 shares during the last quarter. Industrial Alliance Investment Management Inc. grew its position in monday.com by 741.7% during the first quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company’s stock valued at $91,000 after acquiring an additional 356 shares during the last quarter. Finally, RiverPark Advisors LLC bought a new position in shares of monday.com during the 1st quarter valued at $130,000. 73.70% of the stock is currently owned by institutional investors.

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.