monday.com (NASDAQ:MNDY) Price Target Raised to $380.00

monday.com (NASDAQ:MNDY) had its price target raised by equities researchers at Wells Fargo & Company from $340.00 to $380.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 16.36% from the company’s previous close.

Several other equities analysts have also weighed in on MNDY. DA Davidson reissued a “neutral” rating and set a $300.00 price objective on shares of monday.com in a report on Tuesday, November 12th. Canaccord Genuity Group increased their price target on monday.com from $295.00 to $310.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Jefferies Financial Group lowered their price objective on monday.com from $350.00 to $300.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. KeyCorp upgraded shares of monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 target price for the company in a research report on Tuesday. Finally, Loop Capital lowered their price target on shares of monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Four analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, monday.com currently has an average rating of “Moderate Buy” and a consensus target price of $332.50.

monday.com Trading Up 26.5 %

Shares of monday.com stock opened at $326.58 on Tuesday. The business’s fifty day simple moving average is $250.37 and its 200 day simple moving average is $262.04. The firm has a market capitalization of $15.77 billion, a P/E ratio of 796.54, a price-to-earnings-growth ratio of 7.67 and a beta of 1.31. monday.com has a 12 month low of $174.75 and a 12 month high of $342.64.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a return on equity of 4.99% and a net margin of 2.39%. Analysts predict that monday.com will post 0.85 EPS for the current fiscal year.

Institutional Trading of monday.com

A number of hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC raised its position in monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock valued at $35,000 after purchasing an additional 59 shares in the last quarter. Avior Wealth Management LLC increased its position in shares of monday.com by 2.6% during the 3rd quarter. Avior Wealth Management LLC now owns 2,611 shares of the company’s stock valued at $725,000 after purchasing an additional 67 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of monday.com by 7.6% during the 4th quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company’s stock valued at $253,000 after buying an additional 76 shares in the last quarter. Vestcor Inc lifted its position in monday.com by 16.0% in the 4th quarter. Vestcor Inc now owns 602 shares of the company’s stock worth $142,000 after buying an additional 83 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in monday.com by 157.1% in the fourth quarter. Signaturefd LLC now owns 144 shares of the company’s stock worth $34,000 after buying an additional 88 shares in the last quarter. 73.70% of the stock is 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.