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

monday.com (NASDAQ:MNDY) had its target price raised by Scotiabank from $300.00 to $400.00 in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has a sector outperform rating on the stock.

Other analysts also recently issued reports about the company. KeyCorp upgraded monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 target price for the company in a research report on Tuesday. Piper Sandler upped their target price on monday.com from $345.00 to $385.00 and gave the company an “overweight” rating in a research report on Monday. William Blair reiterated an “outperform” rating on shares of monday.com in a research report on Wednesday, December 18th. DA Davidson reiterated a “neutral” rating and set a $300.00 target price on shares of monday.com in a research report on Tuesday, November 12th. Finally, Needham & Company LLC upped their target price on monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $353.32.

monday.com Price Performance

Shares of NASDAQ MNDY opened at $320.33 on Tuesday. The stock’s fifty day moving average price is $252.51 and its two-hundred day moving average price is $263.46. monday.com has a one year low of $174.75 and a one year high of $342.64. The firm has a market cap of $15.46 billion, a price-to-earnings ratio of 781.29, a P/E/G ratio of 7.67 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.50 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%. On average, equities analysts anticipate that monday.com will post 0.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On monday.com

Several institutional investors and hedge funds have recently made changes to their positions in the stock. ShawSpring Partners LLC increased its stake in shares of monday.com by 8.0% in the fourth quarter. ShawSpring Partners LLC now owns 378,712 shares of the company’s stock valued at $89,164,000 after buying an additional 28,182 shares during the period. Jump Financial LLC increased its stake in shares of monday.com by 118.8% in the fourth quarter. Jump Financial LLC now owns 98,046 shares of the company’s stock valued at $23,084,000 after buying an additional 53,240 shares during the period. Townsquare Capital LLC acquired a new stake in shares of monday.com in the fourth quarter valued at about $478,000. Sterling Capital Management LLC increased its stake in shares of monday.com by 58.8% in the fourth quarter. Sterling Capital Management LLC now owns 17,050 shares of the company’s stock valued at $4,014,000 after buying an additional 6,314 shares during the period. Finally, Neuberger Berman Group LLC increased its stake in shares of monday.com by 7,282.0% in the fourth quarter. Neuberger Berman Group LLC now owns 303,992 shares of the company’s stock valued at $71,572,000 after buying an additional 299,874 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

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.