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

monday.com (NASDAQ:MNDY) had its price objective hoisted by equities research analysts at Jefferies Financial Group from $300.00 to $400.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 22.48% from the company’s previous close.

MNDY has been the topic of a number of other research reports. Scotiabank dropped their price target on shares of monday.com from $325.00 to $300.00 and set a “sector outperform” rating on the stock in a research note on Thursday, January 16th. William Blair reiterated an “outperform” rating on shares of monday.com in a research note on Wednesday, December 18th. Wells Fargo & Company raised their price target on shares of monday.com from $340.00 to $380.00 and gave the company an “overweight” rating in a research report on Tuesday. Citigroup upgraded shares of monday.com from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $302.00 to $298.00 in a report on Thursday, January 16th. Finally, Needham & Company LLC increased their target price on monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Monday. Four investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $332.50.

monday.com Price Performance

Shares of NASDAQ MNDY opened at $326.58 on Tuesday. The stock has a market cap of $15.77 billion, a P/E ratio of 796.54, a price-to-earnings-growth ratio of 7.67 and a beta of 1.31. monday.com has a 1 year low of $174.75 and a 1 year high of $342.64. The firm has a 50-day moving average of $250.37 and a 200 day moving average of $262.04.

monday.com (NASDAQ:MNDY) last released its 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 net margin of 2.39% and a return on equity of 4.99%. Research analysts expect 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 institutional investors have recently bought and sold shares of MNDY. Stonebridge Financial Group LLC purchased a new stake in monday.com in the fourth quarter worth about $25,000. Arcadia Investment Management Corp MI bought a new position in shares of monday.com during the 4th quarter valued at approximately $28,000. R Squared Ltd purchased a new stake in monday.com in the 4th quarter worth approximately $33,000. Signaturefd LLC raised its stake in monday.com by 157.1% during the 4th quarter. Signaturefd LLC now owns 144 shares of the company’s stock worth $34,000 after acquiring an additional 88 shares during the period. Finally, Global Retirement Partners LLC lifted its holdings in monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock valued at $35,000 after purchasing an additional 59 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.