monday.com (NASDAQ:MNDY) Given New $380.00 Price Target at Wells Fargo & Company

monday.com (NASDAQ:MNDY) had its price objective increased by Wells Fargo & Company from $340.00 to $380.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other analysts also recently weighed in on the company. Loop Capital lowered their price objective on monday.com from $310.00 to $300.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. DA Davidson reiterated a “neutral” rating and issued a $300.00 price objective on shares of monday.com in a research report on Tuesday, November 12th. Scotiabank lowered their price objective on monday.com from $325.00 to $300.00 and set a “sector outperform” rating for the company in a research report on Thursday, January 16th. Oppenheimer boosted their price objective on monday.com from $275.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Needham & Company LLC boosted their price objective on monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, monday.com presently has an average rating of “Moderate Buy” and a consensus price target of $353.32.

monday.com Price Performance

Shares of MNDY opened at $327.92 on Tuesday. The firm has a market cap of $15.83 billion, a P/E ratio of 799.80, a P/E/G ratio of 7.67 and a beta of 1.31. The stock has a 50 day simple moving average of $251.31 and a two-hundred 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.

monday.com (NASDAQ:MNDY) last issued its earnings results 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%. On average, equities analysts anticipate that monday.com will post 0.85 earnings per share for the current year.

Hedge Funds Weigh In On monday.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC lifted its position in monday.com by 112.0% during the third quarter. FMR LLC now owns 1,512,094 shares of the company’s stock valued at $420,014,000 after buying an additional 798,791 shares during the period. Jennison Associates LLC raised its position in shares of monday.com by 13.7% in the 4th quarter. Jennison Associates LLC now owns 830,811 shares of the company’s stock worth $195,606,000 after purchasing an additional 100,333 shares during the last quarter. Westfield Capital Management Co. LP raised its position in shares of monday.com by 2.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 600,379 shares of the company’s stock worth $166,767,000 after purchasing an additional 14,304 shares during the last quarter. State Street Corp raised its position in shares of monday.com by 3.8% in the 3rd quarter. State Street Corp now owns 587,879 shares of the company’s stock worth $163,295,000 after purchasing an additional 21,585 shares during the last quarter. Finally, Two Sigma Advisers LP raised its position in shares of monday.com by 2.9% in the 3rd quarter. Two Sigma Advisers LP now owns 540,300 shares of the company’s stock worth $150,079,000 after purchasing an additional 15,300 shares during 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.