Jefferies Financial Group Issues Positive Forecast for monday.com (NASDAQ:MNDY) Stock Price

monday.com (NASDAQ:MNDY) had its price objective upped by Jefferies Financial Group from $300.00 to $400.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also weighed in on MNDY. Oppenheimer boosted their target price on shares of monday.com from $275.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Cantor Fitzgerald started coverage on shares of monday.com in a report on Friday, January 17th. They issued an “overweight” rating and a $292.00 price objective on the stock. KeyCorp raised shares of monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 target price on the stock in a research note on Tuesday. Citigroup raised shares of monday.com from a “neutral” rating to a “buy” rating and cut their target price for the stock from $302.00 to $298.00 in a research note on Thursday, January 16th. Finally, Loop Capital cut 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. Four equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $353.32.

monday.com Trading Up 0.4 %

MNDY opened at $327.92 on Tuesday. The firm has a market capitalization of $15.83 billion, a PE ratio of 799.80, a PEG ratio of 7.67 and a beta of 1.31. monday.com has a twelve month low of $174.75 and a twelve month high of $342.64. The firm’s 50-day moving average price is $251.31 and its 200 day moving average price is $262.68.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a return on equity of 4.99% and a net margin of 2.39%. As a group, analysts predict that monday.com will post 0.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On monday.com

A number of large investors have recently made changes to their positions in MNDY. Stonebridge Financial Group LLC purchased a new position in shares of monday.com in the 4th quarter valued at about $25,000. Arcadia Investment Management Corp MI purchased a new position in shares of monday.com in the 4th quarter valued at about $28,000. R Squared Ltd purchased a new position in shares of monday.com in the 4th quarter valued at about $33,000. Signaturefd LLC increased its holdings in shares of monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company’s stock valued at $34,000 after purchasing an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC increased its holdings in shares of monday.com by 64.8% in the 4th 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. Hedge funds and other 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.