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

monday.com (NASDAQ:MNDY) had its price objective raised by equities researchers at Barclays from $325.00 to $360.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 13.30% from the company’s previous close.

Several other research analysts also recently weighed in on the stock. Citigroup upgraded shares of monday.com from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $302.00 to $298.00 in a report on Thursday, January 16th. Jefferies Financial Group upped their target price on shares of monday.com from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday. Robert W. Baird raised their price target on shares of monday.com from $275.00 to $335.00 and gave the company a “neutral” rating in a research report on Tuesday. KeyCorp raised monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price objective for the company in a report on Tuesday. Finally, Scotiabank raised their target price on monday.com from $300.00 to $400.00 and gave the company a “sector outperform” rating in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $353.32.

monday.com Trading Down 3.1 %

MNDY opened at $317.73 on Tuesday. The company has a fifty day moving average price of $251.81 and a two-hundred day moving average price of $263.06. monday.com has a 1-year low of $174.75 and a 1-year high of $342.64. The company has a market cap of $15.34 billion, a P/E ratio of 774.95, a price-to-earnings-growth ratio of 7.67 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last announced its quarterly 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 return on equity of 4.99% and a net margin of 2.39%. On average, research analysts forecast that monday.com will post 0.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MNDY. Clearbridge Investments LLC lifted its position in shares of monday.com by 0.3% during the fourth quarter. Clearbridge Investments LLC now owns 13,501 shares of the company’s stock worth $3,179,000 after acquiring an additional 44 shares in the last quarter. Prudential Financial Inc. lifted its holdings 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 boosted its stake in monday.com by 64.8% in 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 during the period. Avior Wealth Management LLC boosted its stake in monday.com by 2.6% in 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 during the period. Finally, Venturi Wealth Management LLC increased its position in shares of monday.com by 7.6% during the fourth quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company’s stock valued at $253,000 after buying an additional 76 shares during the period. 73.70% of the stock is owned by institutional investors.

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.