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

monday.com (NASDAQ:MNDY) had its price target boosted by Cantor Fitzgerald from $292.00 to $380.00 in a report issued on Tuesday morning,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the stock.

A number of other equities analysts have also weighed in on MNDY. JPMorgan Chase & Co. lifted their price target on shares of monday.com from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday. KeyCorp upgraded shares of monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price objective for the company in a report on Tuesday. Jefferies Financial Group increased their price objective on shares of monday.com from $300.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday. Needham & Company LLC increased their price objective on shares of monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a report on Monday. Finally, Barclays increased their price objective on shares of monday.com from $325.00 to $360.00 and gave the company an “overweight” rating in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, monday.com has an average rating of “Moderate Buy” and an average target price of $353.32.

monday.com Price Performance

Shares of MNDY opened at $327.92 on Tuesday. The firm has a 50 day simple moving average of $251.31 and a 200-day simple moving average of $262.68. monday.com has a 1-year low of $174.75 and a 1-year high of $342.64. The stock has a market cap of $15.83 billion, a price-to-earnings ratio of 799.80, a price-to-earnings-growth ratio of 7.67 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last released its earnings results 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%. On average, equities analysts expect 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 hedge funds and other institutional investors have recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. purchased a new stake in monday.com in the 3rd quarter worth approximately $1,667,000. International Assets Investment Management LLC purchased a new stake in monday.com in the 3rd quarter worth approximately $21,989,000. Taylor Frigon Capital Management LLC purchased a new stake in monday.com in the 3rd quarter worth approximately $1,311,000. Jennison Associates LLC lifted its position in monday.com by 77.5% in the 3rd quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock worth $202,905,000 after buying an additional 318,837 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in monday.com by 6.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 36,572 shares of the company’s stock worth $10,159,000 after buying an additional 2,196 shares in the last quarter. Institutional investors and hedge funds 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.