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

monday.com (NASDAQ:MNDY) had its price target boosted by Needham & Company LLC from $350.00 to $400.00 in a research note published on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

MNDY has been the subject of several other reports. Jefferies Financial Group reduced their price objective on monday.com from $350.00 to $300.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Scotiabank decreased their target price on shares of monday.com from $325.00 to $300.00 and set a “sector outperform” rating on the stock in a research note on Thursday, January 16th. KeyCorp cut shares of monday.com from an “overweight” rating to a “sector weight” rating in a research note on Friday, December 13th. Loop Capital cut their price target on monday.com from $310.00 to $300.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. Finally, Robert W. Baird boosted their price objective on monday.com from $270.00 to $275.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Four analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $353.32.

monday.com Stock Down 3.1 %

monday.com stock opened at $317.73 on Monday. 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 P/E ratio of 774.95, a P/E/G ratio of 7.67 and a beta of 1.31. The business has a 50-day simple moving average of $251.81 and a two-hundred day simple moving average of $263.06.

monday.com (NASDAQ:MNDY) last announced 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 net margin of 2.39% and a return on equity of 4.99%. Research analysts anticipate that monday.com will post 0.85 EPS for the current fiscal year.

Institutional Investors Weigh In On monday.com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in shares of monday.com by 112.0% in the 3rd quarter. FMR LLC now owns 1,512,094 shares of the company’s stock worth $420,014,000 after purchasing an additional 798,791 shares during the period. Norges Bank bought a new stake in monday.com in the fourth quarter worth $116,686,000. SG Americas Securities LLC boosted its stake in monday.com by 1,024.7% during the fourth quarter. SG Americas Securities LLC now owns 476,392 shares of the company’s stock worth $112,162,000 after buying an additional 434,035 shares during the period. CIBC Private Wealth Group LLC increased its position in monday.com by 264.1% during the fourth 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 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 acquiring an additional 318,837 shares during the period. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

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.