monday.com (NASDAQ:MNDY) Trading Up 4.2%

monday.com Ltd. (NASDAQ:MNDY)’s stock price was up 4.2% on Friday . The company traded as high as $142.08 and last traded at $141.25. Approximately 133,320 shares traded hands during trading, a decline of 82% from the average daily volume of 739,813 shares. The stock had previously closed at $135.55.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. KeyCorp reduced their target price on shares of monday.com from $211.00 to $180.00 and set an “overweight” rating for the company in a research report on Thursday. Loop Capital increased their target price on shares of monday.com from $180.00 to $205.00 and gave the company a “buy” rating in a research report on Tuesday, August 15th. Tigress Financial increased their target price on shares of monday.com from $210.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, October 4th. Canaccord Genuity Group increased their target price on shares of monday.com from $175.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, August 15th. Finally, Jefferies Financial Group increased their target price on shares of monday.com from $150.00 to $180.00 and gave the company a “hold” rating in a research report on Tuesday, August 15th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $193.06.

monday.com Stock Up 3.4 %

The company’s fifty day moving average is $149.76 and its two-hundred day moving average is $158.31. The stock has a market cap of $6.19 billion, a price-to-earnings ratio of -140.12 and a beta of 0.87.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, August 14th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.24. The firm had revenue of $175.70 million for the quarter, compared to analysts’ expectations of $169.25 million. monday.com had a negative net margin of 7.40% and a negative return on equity of 6.92%. The firm’s revenue was up 42.0% compared to the same quarter last year. During the same quarter last year, the company earned ($1.01) earnings per share. Sell-side analysts predict that monday.com Ltd. will post -1.23 EPS for the current fiscal year.

Institutional Trading of monday.com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Crewe Advisors LLC raised its position in monday.com by 44.9% in the 3rd quarter. Crewe Advisors LLC now owns 229 shares of the company’s stock valued at $36,000 after purchasing an additional 71 shares during the last quarter. Guggenheim Capital LLC raised its position in monday.com by 0.7% in the 1st quarter. Guggenheim Capital LLC now owns 11,495 shares of the company’s stock valued at $1,641,000 after purchasing an additional 79 shares during the last quarter. Advisors Asset Management Inc. raised its position in monday.com by 26.8% in the 4th quarter. Advisors Asset Management Inc. now owns 383 shares of the company’s stock valued at $47,000 after purchasing an additional 81 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in monday.com by 12.2% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 983 shares of the company’s stock valued at $168,000 after purchasing an additional 107 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in monday.com by 9.1% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,318 shares of the company’s stock valued at $188,000 after purchasing an additional 110 shares during the last quarter. Institutional investors and hedge funds own 81.30% 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, and internationally. It 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.