monday.com (NASDAQ:MNDY) Price Target Raised to $360.00

monday.com (NASDAQ:MNDY) had its price target raised by Barclays from $325.00 to $360.00 in a report published on Tuesday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

Other equities research analysts also recently issued research reports about the stock. William Blair restated an “outperform” rating on shares of monday.com in a research note on Wednesday, December 18th. Jefferies Financial Group lifted their price objective on monday.com from $300.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday. Robert W. Baird lifted their price objective on monday.com from $275.00 to $335.00 and gave the company a “neutral” rating in a report on Tuesday. JPMorgan Chase & Co. lifted their price objective on monday.com from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Scotiabank lifted their price objective on monday.com from $300.00 to $400.00 and gave the company a “sector outperform” rating in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $353.32.

monday.com Stock Up 0.4 %

Shares of MNDY stock opened at $327.92 on Tuesday. monday.com has a 12 month low of $174.75 and a 12 month high of $342.64. The business’s 50 day moving average is $251.31 and its two-hundred day moving average is $262.68. The company 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 (NASDAQ:MNDY) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.50 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%. As a group, equities analysts expect that monday.com will post 0.85 EPS for the current fiscal year.

Hedge Funds Weigh In On monday.com

Several institutional investors have recently modified their holdings of MNDY. Stonebridge Financial Group LLC acquired a new position in shares of monday.com during the 4th quarter worth about $25,000. Arcadia Investment Management Corp MI acquired a new position in shares of monday.com during the 4th quarter worth about $28,000. R Squared Ltd acquired a new position in shares of monday.com in the 4th quarter valued at approximately $33,000. Signaturefd LLC grew its position in shares of monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company’s stock valued at $34,000 after purchasing an additional 88 shares during the period. Finally, Global Retirement Partners LLC grew its position in shares of monday.com by 64.8% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock valued at $35,000 after purchasing an additional 59 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.

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.