Robert W. Baird Issues Positive Forecast for monday.com (NASDAQ:MNDY) Stock Price

monday.com (NASDAQ:MNDY) had its target price upped by Robert W. Baird from $275.00 to $335.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Robert W. Baird’s price objective would indicate a potential upside of 5.44% from the stock’s current price.

MNDY has been the topic of a number of other reports. Scotiabank lowered their price target on monday.com from $325.00 to $300.00 and set a “sector outperform” rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company raised their target price on shares of monday.com from $340.00 to $380.00 and gave the company an “overweight” rating in a research note on Tuesday. Oppenheimer upped their price target on shares of monday.com from $275.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group raised their price objective on shares of monday.com from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, William Blair restated an “outperform” rating on shares of monday.com in a research report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $353.32.

monday.com Trading Down 3.1 %

NASDAQ MNDY opened at $317.73 on Tuesday. The company has a 50-day moving average price of $251.81 and a two-hundred day moving average price of $263.06. monday.com has a 52 week low of $174.75 and a 52 week high of $342.64. The stock has a market cap of $15.34 billion, a price-to-earnings ratio of 774.95, a price-to-earnings-growth ratio of 7.67 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share (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%. As a group, equities research analysts expect that monday.com will post 0.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MNDY. Clearbridge Investments LLC lifted its position in shares of monday.com by 0.3% in the 4th quarter. Clearbridge Investments LLC now owns 13,501 shares of the company’s stock valued at $3,179,000 after acquiring an additional 44 shares in the last quarter. Prudential Financial Inc. raised its stake in monday.com by 1.3% during the 4th quarter. Prudential Financial Inc. now owns 4,122 shares of the company’s stock valued at $970,000 after purchasing an additional 53 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of monday.com by 64.8% in 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 boosted its position in shares of monday.com by 2.6% in the third quarter. Avior Wealth Management LLC now owns 2,611 shares of the company’s stock worth $725,000 after buying an additional 67 shares during the period. Finally, Venturi Wealth Management LLC grew its holdings in shares of monday.com by 7.6% during the fourth 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. 73.70% of the stock is currently owned by institutional investors and hedge funds.

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.