monday.com (NASDAQ:MNDY) Upgraded to Overweight at KeyCorp

monday.com (NASDAQ:MNDY) was upgraded by equities researchers at KeyCorp from a “sector weight” rating to an “overweight” rating in a research report issued on Tuesday,Finviz reports. The brokerage currently has a $420.00 price target on the stock. KeyCorp’s price target would suggest a potential upside of 28.61% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Canaccord Genuity Group lifted their target price on shares of monday.com from $295.00 to $310.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Needham & Company LLC lifted their target price on shares of monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Monday. Citigroup raised shares of monday.com from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $302.00 to $298.00 in a research report on Thursday, January 16th. William Blair reissued an “outperform” rating on shares of monday.com in a research report on Wednesday, December 18th. Finally, 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. 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $321.59.

monday.com Trading Up 26.5 %

MNDY stock opened at $326.58 on Tuesday. monday.com has a 52 week low of $174.75 and a 52 week high of $342.64. The company has a market capitalization of $15.77 billion, a price-to-earnings ratio of 796.54, a price-to-earnings-growth ratio of 7.67 and a beta of 1.31. The firm’s 50-day moving average is $250.37 and its two-hundred day moving average is $262.04.

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

Institutional Trading of monday.com

Hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC acquired a new position in shares of monday.com in the 2nd quarter valued at $285,000. Inspire Investing LLC acquired a new position in shares of monday.com in the 3rd quarter valued at $870,000. Sapient Capital LLC acquired a new position in shares of monday.com in the 3rd quarter valued at $1,282,000. Chicago Capital LLC raised its stake in shares of monday.com by 18.9% in the 3rd quarter. Chicago Capital LLC now owns 1,795 shares of the company’s stock valued at $499,000 after buying an additional 285 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of monday.com by 431.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 385,843 shares of the company’s stock valued at $107,176,000 after buying an additional 313,279 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.