monday.com (NASDAQ:MNDY - Get Free Report) had its target price lifted by equities research analysts at Barclays from $325.00 to $360.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's price target indicates a potential upside of 13.04% from the company's current price.
MNDY has been the subject of several other reports. Needham & Company LLC boosted their price objective on shares of monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a research report on Monday. DA Davidson reaffirmed a "neutral" rating and issued a $300.00 price target on shares of monday.com in a research report on Tuesday, November 12th. Scotiabank upped their price target on shares of monday.com from $300.00 to $400.00 and gave the stock a "sector outperform" rating in a research report on Tuesday. Piper Sandler upped their price target on shares of monday.com from $345.00 to $385.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Canaccord Genuity Group upped their price target 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. Four research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, monday.com presently has an average rating of "Moderate Buy" and a consensus price target of $353.32.
Get Our Latest Stock Analysis on monday.com
monday.com Stock Performance
monday.com stock traded down $1.86 during trading hours on Tuesday, hitting $318.48. The company had a trading volume of 371,407 shares, compared to its average volume of 1,175,707. The firm has a market cap of $15.38 billion, a P/E ratio of 775.71, a P/E/G ratio of 7.67 and a beta of 1.31. monday.com has a 1 year low of $174.75 and a 1 year high of $342.64. The company has a 50-day moving average price of $252.51 and a two-hundred day moving average price of $263.46.
monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share (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 research analysts anticipate that monday.com will post 0.85 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. FMR LLC increased its stake in monday.com by 78.7% during the 4th quarter. FMR LLC now owns 2,701,952 shares of the company's stock valued at $636,147,000 after purchasing an additional 1,189,858 shares in the last quarter. Jennison Associates LLC increased its stake in shares of monday.com by 13.7% in the fourth quarter. Jennison Associates LLC now owns 830,811 shares of the company's stock worth $195,606,000 after acquiring an additional 100,333 shares during the period. Westfield Capital Management Co. LP increased its stake in shares of monday.com by 2.4% in the third quarter. Westfield Capital Management Co. LP now owns 600,379 shares of the company's stock worth $166,767,000 after acquiring an additional 14,304 shares during the period. State Street Corp increased its stake in shares of monday.com by 3.8% in the third quarter. State Street Corp now owns 587,879 shares of the company's stock worth $163,295,000 after acquiring an additional 21,585 shares during the period. Finally, CIBC Private Wealth Group LLC increased its stake in shares of monday.com by 264.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company's stock worth $126,407,000 after acquiring an additional 403,255 shares during the period. Institutional investors and hedge funds own 73.70% of the company's stock.
About monday.com
(
Get Free Report)
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.
Featured Articles
Before you consider monday.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and monday.com wasn't on the list.
While monday.com currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
