monday.com (NASDAQ:MNDY) Given New $375.00 Price Target at Canaccord Genuity Group

monday.com (NASDAQ:MNDY) had its target price upped by Canaccord Genuity Group from $310.00 to $375.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also recently issued reports about the stock. Loop Capital cut their target price 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. Robert W. Baird upped their target price on shares of monday.com from $275.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday. Scotiabank boosted their price target on shares of monday.com from $300.00 to $400.00 and gave the company a “sector outperform” rating in a report on Tuesday. Cantor Fitzgerald started coverage on shares of monday.com in a report on Friday, January 17th. They issued an “overweight” rating and a $292.00 price target on the stock. Finally, Oppenheimer boosted their price target on shares of monday.com from $275.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $353.32.

monday.com Trading Up 0.4 %

Shares of monday.com stock opened at $327.92 on Tuesday. The firm has a fifty day simple moving average of $251.31 and a 200-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. The stock has a market capitalization of $15.83 billion, a price-to-earnings ratio of 799.80, a PEG ratio of 7.67 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data 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 return on equity of 4.99% and a net margin of 2.39%. As a group, research analysts predict that monday.com will post 0.85 earnings per share for the current year.

Institutional Trading of monday.com

A number of large investors have recently bought and sold shares of the business. Prudential Financial Inc. increased its stake in monday.com by 1.3% during the 4th quarter. Prudential Financial Inc. now owns 4,122 shares of the company’s stock worth $970,000 after purchasing an additional 53 shares in the last quarter. Global Retirement Partners LLC increased its stake in monday.com by 64.8% during the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock worth $35,000 after purchasing an additional 59 shares in the last quarter. Avior Wealth Management LLC increased its stake in monday.com by 2.6% during the 3rd quarter. Avior Wealth Management LLC now owns 2,611 shares of the company’s stock worth $725,000 after purchasing an additional 67 shares in the last quarter. Venturi Wealth Management LLC increased its stake in monday.com by 7.6% during the 4th quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company’s stock worth $253,000 after purchasing an additional 76 shares in the last quarter. Finally, Vestcor Inc grew its stake in shares of monday.com by 16.0% during the 4th quarter. Vestcor Inc now owns 602 shares of the company’s stock worth $142,000 after acquiring an additional 83 shares in the last quarter. 73.70% of the stock is owned by 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.