Wells Fargo & Company Boosts monday.com (NASDAQ:MNDY) Price Target to $340.00

monday.com (NASDAQ:MNDY) had its target price hoisted by Wells Fargo & Company from $330.00 to $340.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other research analysts also recently weighed in on MNDY. Needham & Company LLC increased their price target on monday.com from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Scotiabank reduced their target price on monday.com from $325.00 to $300.00 and set a “sector outperform” rating on the stock in a report on Thursday, January 16th. Robert W. Baird upped their price target on monday.com from $270.00 to $275.00 and gave the company a “neutral” rating in a research note on Tuesday. Canaccord Genuity Group lifted their price objective on shares of monday.com from $295.00 to $310.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, Cantor Fitzgerald began coverage on shares of monday.com in a report on Friday, January 17th. They issued an “overweight” rating and a $292.00 target price on the stock. Five analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $310.68.

monday.com Stock Up 2.2 %

MNDY stock opened at $247.46 on Tuesday. The business has a fifty day moving average of $255.09 and a 200-day moving average of $259.62. The company has a market cap of $11.95 billion, a P/E ratio of 603.56, a PEG ratio of 6.00 and a beta of 1.30. monday.com has a twelve month low of $174.75 and a twelve month high of $324.99.

monday.com (NASDAQ:MNDY) last released its earnings results on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.24. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The company had revenue of $251.00 million for the quarter, compared to the consensus estimate of $246.17 million. During the same period in the prior year, the company posted $0.15 EPS. The company’s revenue was up 49.5% compared to the same quarter last year. As a group, equities research analysts anticipate 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 large investors have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV boosted its position in monday.com by 4.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,124 shares of the company’s stock valued at $271,000 after purchasing an additional 47 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of monday.com by 12.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,602 shares of the company’s stock worth $626,000 after purchasing an additional 286 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its holdings in shares of monday.com by 43.1% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 7,300 shares of the company’s stock valued at $1,758,000 after buying an additional 2,200 shares during the last quarter. Sei Investments Co. increased its holdings in monday.com by 5.8% during the second quarter. Sei Investments Co. now owns 113,503 shares of the company’s stock worth $27,327,000 after buying an additional 6,172 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in monday.com by 84.4% during the second quarter. Thrivent Financial for Lutherans now owns 9,952 shares of the company’s stock worth $2,396,000 after acquiring an additional 4,555 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

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.