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

monday.com (NASDAQ:MNDY) had its price objective boosted by Jefferies Financial Group from $300.00 to $400.00 in a report issued on Tuesday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Other equities research analysts also recently issued research reports about the company. Citigroup upgraded monday.com from a “neutral” rating to a “buy” rating and lowered their price target for the company from $302.00 to $298.00 in a research report on Thursday, January 16th. Wells Fargo & Company lifted their price objective on monday.com from $340.00 to $380.00 and gave the stock an “overweight” rating in a report on Tuesday. Needham & Company LLC lifted their price objective on monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Monday. Canaccord Genuity Group lifted their price objective on monday.com from $295.00 to $310.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Robert W. Baird lifted their price objective on monday.com from $270.00 to $275.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Four equities research 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 a consensus price target of $353.32.

monday.com Stock Up 0.8 %

NASDAQ MNDY opened at $320.33 on Tuesday. The stock’s 50-day simple moving average is $252.51 and its two-hundred day simple moving average is $263.46. monday.com has a twelve month low of $174.75 and a twelve month high of $342.64. The company has a market capitalization of $15.46 billion, a price-to-earnings ratio of 781.29, a PEG ratio of 7.67 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results 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 net margin of 2.39% and a return on equity of 4.99%. On average, equities analysts expect that monday.com will post 0.85 earnings per share for the current fiscal year.

Institutional Trading of monday.com

Large investors have recently bought and sold shares of the company. Stonebridge Financial Group LLC bought a new stake in monday.com during the 4th quarter valued at approximately $25,000. Arcadia Investment Management Corp MI bought a new stake in monday.com during the 4th quarter valued at approximately $28,000. R Squared Ltd bought a new stake in shares of monday.com in the 4th quarter worth approximately $33,000. Signaturefd LLC boosted its position in shares of monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company’s stock worth $34,000 after purchasing an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its position in shares of 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 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.