monday.com (NASDAQ:MNDY) Price Target Raised to $450.00

monday.com (NASDAQ:MNDY) had its price target boosted by stock analysts at Tigress Financial from $340.00 to $450.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Tigress Financial’s price objective points to a potential upside of 44.90% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. upped their target price on monday.com from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Needham & Company LLC raised their price target on shares of monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, February 10th. William Blair reiterated an “outperform” rating on shares of monday.com in a research note on Wednesday, December 18th. Cantor Fitzgerald lifted their target price on shares of monday.com from $292.00 to $380.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, Jefferies Financial Group boosted their target price on shares of monday.com from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $358.32.

monday.com Stock Performance

monday.com stock traded up $2.55 during trading on Friday, hitting $310.56. The company’s stock had a trading volume of 219,293 shares, compared to its average volume of 1,135,421. The stock’s fifty day moving average is $255.54 and its 200 day moving average is $266.68. monday.com has a 1-year low of $174.75 and a 1-year high of $342.64. The stock has a market capitalization of $14.99 billion, a price-to-earnings ratio of 520.61, a P/E/G ratio of 16.54 and a beta of 1.31.

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 analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. On average, research analysts anticipate that monday.com will post 0.46 EPS for the current fiscal year.

Hedge Funds Weigh In On monday.com

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Stonebridge Financial Group LLC purchased a new stake in shares of monday.com in the fourth quarter worth $25,000. Arcadia Investment Management Corp MI purchased a new stake in shares of monday.com during the 4th quarter valued at about $28,000. R Squared Ltd bought a new position in shares of monday.com in the 4th quarter worth approximately $33,000. Signaturefd LLC boosted its holdings in shares of monday.com by 157.1% in the fourth quarter. Signaturefd LLC now owns 144 shares of the company’s stock worth $34,000 after buying an additional 88 shares during the last quarter. Finally, Global Retirement Partners LLC grew its position 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 buying an additional 59 shares during the period. 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.