monday.com (NASDAQ:MNDY) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

monday.com (NASDAQ:MNDY) had its price target hoisted by analysts at Jefferies Financial Group from $300.00 to $400.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 25.89% from the company’s current price.

Several other equities research analysts have also recently weighed in on MNDY. Needham & Company LLC boosted their target price on monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday. Wells Fargo & Company boosted their price objective on shares of monday.com from $340.00 to $380.00 and gave the stock an “overweight” rating in a research report on Tuesday. Cantor Fitzgerald initiated coverage on shares of monday.com in a research report on Friday, January 17th. They issued an “overweight” rating and a $292.00 target price on the stock. Piper Sandler lifted their price target on shares of monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Loop Capital decreased their price objective on shares of 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 investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $353.32.

monday.com Trading Down 3.1 %

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

monday.com (NASDAQ:MNDY) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.50 earnings per share 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%. On average, analysts predict that monday.com will post 0.85 earnings per share for the current fiscal year.

Institutional Trading of monday.com

Several hedge funds and other institutional investors have recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. acquired a new stake in monday.com in the third quarter valued at about $1,667,000. International Assets Investment Management LLC purchased a new position in shares of monday.com during the 3rd quarter worth approximately $21,989,000. Taylor Frigon Capital Management LLC acquired a new stake in shares of monday.com in the 3rd quarter valued at approximately $1,311,000. Jennison Associates LLC boosted its stake in shares of monday.com by 77.5% in the third quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock valued at $202,905,000 after buying an additional 318,837 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of monday.com by 6.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 36,572 shares of the company’s stock valued at $10,159,000 after buying an additional 2,196 shares in 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.