monday.com (NASDAQ:MNDY) Price Target Raised to $400.00

monday.com (NASDAQ:MNDY) had its target price upped by Needham & Company LLC from $350.00 to $400.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Robert W. Baird lifted their price objective on monday.com from $270.00 to $275.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Wells Fargo & Company lifted their price target on shares of monday.com from $330.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Piper Sandler upped their price objective on shares of monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a report on Monday. Jefferies Financial Group dropped their price target on monday.com from $350.00 to $300.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Finally, Oppenheimer upped their price target on monday.com from $275.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, monday.com has a consensus rating of “Moderate Buy” and a consensus target price of $353.32.

monday.com Stock Down 3.1 %

Shares of NASDAQ MNDY opened at $317.73 on Monday. The firm’s fifty day moving average is $251.81 and its 200 day moving average is $263.06. monday.com has a 52 week low of $174.75 and a 52 week high of $342.64. The company has a market cap of $15.34 billion, a price-to-earnings ratio of 774.95, a PEG 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 2.39% and a return on equity of 4.99%. Equities research analysts anticipate that monday.com will post 0.85 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Clearbridge Investments LLC boosted its position in shares of monday.com by 0.3% during the fourth quarter. Clearbridge Investments LLC now owns 13,501 shares of the company’s stock valued at $3,179,000 after buying an additional 44 shares during the last quarter. Prudential Financial Inc. lifted 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 acquiring an additional 53 shares during the period. Global Retirement Partners LLC boosted its holdings 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 valued at $35,000 after acquiring an additional 59 shares during the last quarter. Avior Wealth Management LLC grew its stake 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 acquiring an additional 67 shares during the period. Finally, Venturi Wealth Management LLC raised 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 purchasing an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

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.