monday.com (NASDAQ:MNDY) Given New $360.00 Price Target at Barclays

monday.com (NASDAQ:MNDY) had its price objective increased by Barclays from $325.00 to $360.00 in a research note released on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other analysts have also recently weighed in on MNDY. William Blair reaffirmed an “outperform” rating on shares of monday.com in a report on Wednesday, December 18th. Piper Sandler increased their price objective on shares of monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a report on Monday. Citigroup raised shares of monday.com from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $302.00 to $298.00 in a report on Thursday, January 16th. KeyCorp raised shares of monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price objective on the stock in a report on Tuesday. Finally, Canaccord Genuity Group increased their price objective on shares of monday.com from $295.00 to $310.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Four analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $353.32.

monday.com Trading Up 0.4 %

Shares of NASDAQ:MNDY opened at $327.92 on Tuesday. The company has a fifty day simple moving average of $251.31 and a 200 day simple moving average of $262.68. The firm has a market cap of $15.83 billion, a PE ratio of 799.80, a price-to-earnings-growth ratio of 7.67 and a beta of 1.31. monday.com has a 12-month low of $174.75 and a 12-month high of $342.64.

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

Institutional Trading of monday.com

A number of hedge funds have recently made changes to their positions in the stock. TIAA Trust National Association purchased a new stake in shares of monday.com in the fourth quarter worth approximately $11,893,000. Prudential Financial Inc. raised its position in monday.com by 1.3% during the fourth quarter. Prudential Financial Inc. now owns 4,122 shares of the company’s stock valued at $970,000 after acquiring an additional 53 shares in the last quarter. Vanguard Group Inc. raised its position in monday.com by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 69,888 shares of the company’s stock valued at $16,454,000 after acquiring an additional 1,426 shares in the last quarter. LPL Financial LLC raised its position in monday.com by 10.2% during the fourth quarter. LPL Financial LLC now owns 17,405 shares of the company’s stock valued at $4,098,000 after acquiring an additional 1,605 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in monday.com during the fourth quarter valued at approximately $292,000. 73.70% of the stock is owned by hedge funds and other 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.