monday.com (NASDAQ:MNDY) Price Target Raised to $350.00

monday.com (NASDAQ:MNDY) had its price objective upped by DA Davidson from $300.00 to $350.00 in a research report sent to investors on Tuesday,Benzinga reports. DA Davidson currently has a neutral rating on the stock.

A number of other brokerages have also recently commented on MNDY. Oppenheimer raised their price target on shares of monday.com from $275.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Robert W. Baird raised their price objective on shares of monday.com from $275.00 to $335.00 and gave the stock a “neutral” rating in a report on Tuesday. Citigroup raised monday.com from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $302.00 to $298.00 in a report on Thursday, January 16th. William Blair reissued an “outperform” rating on shares of monday.com in a report on Wednesday, December 18th. Finally, KeyCorp raised monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 target price on the stock in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, monday.com presently has an average rating of “Moderate Buy” and an average target price of $353.32.

monday.com Stock Up 0.8 %

Shares of MNDY opened at $320.33 on Tuesday. The stock has a market cap of $15.46 billion, a price-to-earnings ratio of 781.29, a P/E/G ratio of 7.67 and a beta of 1.31. monday.com has a 12 month low of $174.75 and a 12 month high of $342.64. The company has a 50-day moving average price of $252.51 and a two-hundred day moving average price of $263.46.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a return on equity of 4.99% and a net margin of 2.39%. Equities research analysts expect that monday.com will post 0.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. FMR LLC raised its position in shares of monday.com by 78.7% during the 4th quarter. FMR LLC now owns 2,701,952 shares of the company’s stock valued at $636,147,000 after acquiring an additional 1,189,858 shares during the last quarter. Norges Bank bought a new stake in shares of monday.com during the 4th quarter valued at $116,686,000. SG Americas Securities LLC raised its position in shares of monday.com by 1,024.7% during the 4th quarter. SG Americas Securities LLC now owns 476,392 shares of the company’s stock valued at $112,162,000 after acquiring an additional 434,035 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in shares of monday.com by 264.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company’s stock valued at $126,407,000 after acquiring an additional 403,255 shares during the last quarter. Finally, Jennison Associates LLC raised its position in shares of monday.com by 77.5% during the 3rd quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock valued at $202,905,000 after acquiring an additional 318,837 shares during the last quarter. 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.