DA Davidson Forecasts Strong Price Appreciation for monday.com (NASDAQ:MNDY) Stock

monday.com (NASDAQ:MNDY) had its price objective upped by investment analysts at DA Davidson from $300.00 to $350.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. DA Davidson’s price target would indicate a potential upside of 10.16% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Cantor Fitzgerald initiated coverage on shares of monday.com in a research note on Friday, January 17th. They set an “overweight” rating and a $292.00 target price for the company. Barclays upped their price target on shares of monday.com from $325.00 to $360.00 and gave the company an “overweight” rating in a research report on Tuesday. Scotiabank boosted their target price on shares of monday.com from $300.00 to $400.00 and gave the company a “sector outperform” rating in a research report on Tuesday. Wells Fargo & Company lifted their price target on shares of monday.com from $340.00 to $380.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Loop Capital reduced their price objective on monday.com from $310.00 to $300.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. Four analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $353.32.

monday.com Trading Down 3.1 %

MNDY stock opened at $317.73 on Tuesday. The stock’s 50 day simple moving average is $251.81 and its 200 day simple moving average is $263.06. monday.com has a 12-month low of $174.75 and a 12-month high of $342.64. The stock has a market capitalization of $15.34 billion, a PE ratio of 774.95, a price-to-earnings-growth ratio of 7.67 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last released 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 net margin of 2.39% and a return on equity of 4.99%. On average, research analysts predict that monday.com will post 0.85 earnings per share for the current year.

Institutional Trading of monday.com

Institutional investors and hedge funds have recently made changes to their positions in the business. Stonebridge Financial Group LLC acquired a new stake in monday.com in the 4th quarter valued at $25,000. Arcadia Investment Management Corp MI purchased a new position in monday.com during the fourth quarter valued at $28,000. R Squared Ltd acquired a new stake in shares of monday.com in the fourth quarter valued at about $33,000. Signaturefd LLC increased its stake in shares of monday.com by 157.1% during the fourth quarter. Signaturefd LLC now owns 144 shares of the company’s stock worth $34,000 after purchasing an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of monday.com by 64.8% during the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock worth $35,000 after purchasing an additional 59 shares during the last quarter. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

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.