monday.com (NASDAQ:MNDY) Price Target Raised to $385.00

monday.com (NASDAQ:MNDY) had its target price hoisted by Piper Sandler from $345.00 to $385.00 in a research report report published on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities analysts have also recently weighed in on the company. William Blair reissued an “outperform” rating on shares of monday.com in a research report on Wednesday, December 18th. Needham & Company LLC upped their price target on monday.com from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Loop Capital lowered their price objective on shares of monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. Scotiabank dropped 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 report on Thursday, January 16th. Finally, Cantor Fitzgerald initiated coverage on shares of monday.com in a report on Friday, January 17th. They issued an “overweight” rating and a $292.00 price target for the company. Four analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $353.32.

monday.com Stock Down 3.1 %

NASDAQ:MNDY opened at $317.73 on Monday. The company’s 50 day moving average is $251.81 and its 200-day moving average is $263.06. monday.com has a 12 month low of $174.75 and a 12 month high of $342.64. The firm has a market cap of $15.34 billion, a price-to-earnings ratio of 774.95, a P/E/G ratio of 7.67 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) 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%. Research analysts predict that monday.com will post 0.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Clearbridge Investments LLC increased its position in shares of monday.com by 0.3% during the 4th quarter. Clearbridge Investments LLC now owns 13,501 shares of the company’s stock worth $3,179,000 after purchasing an additional 44 shares in the last quarter. Prudential Financial Inc. grew its stake in monday.com by 1.3% during the fourth quarter. Prudential Financial Inc. now owns 4,122 shares of the company’s stock worth $970,000 after buying an additional 53 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock worth $35,000 after buying an additional 59 shares in the last quarter. Avior Wealth Management LLC raised its stake in shares of monday.com by 2.6% in the third quarter. Avior Wealth Management LLC now owns 2,611 shares of the company’s stock valued at $725,000 after acquiring an additional 67 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in shares of monday.com by 7.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company’s stock worth $253,000 after acquiring an additional 76 shares in the last quarter. 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.