monday.com (NASDAQ:MNDY) Stock Price Expected to Rise, DA Davidson Analyst Says

monday.com (NASDAQ:MNDY - Free Report) had its price target hoisted by DA Davidson from $300.00 to $350.00 in a report published on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

MNDY has been the subject of several other research reports. Barclays increased their target price on shares of monday.com from $325.00 to $360.00 and gave the stock an "overweight" rating in a research note on Tuesday. Jefferies Financial Group upped their price target on shares of monday.com from $300.00 to $400.00 and gave the stock a "buy" rating in a research note on Tuesday. JPMorgan Chase & Co. raised their price objective on monday.com from $350.00 to $400.00 and gave the company an "overweight" rating in a research note on Tuesday. Loop Capital cut their target price on shares of monday.com from $310.00 to $300.00 and set a "buy" rating for the company in a research report on Monday, December 23rd. Finally, KeyCorp upgraded monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 target price on the stock in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $353.32.

monday.com Stock Performance

NASDAQ MNDY traded down $1.86 during trading on Tuesday, reaching $318.48. 371,407 shares of the company's stock were exchanged, compared to its average volume of 1,175,707. The company has a 50 day moving average price of $252.51 and a two-hundred day moving average price of $263.46. The stock has a market cap of $15.38 billion, a P/E ratio of 775.71, a price-to-earnings-growth 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.

monday.com (NASDAQ:MNDY - Get Free Report) last issued 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 return on equity of 4.99% and a net margin of 2.39%. Research analysts forecast that monday.com will post 0.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Stonebridge Financial Group LLC bought a new position in monday.com during the 4th quarter worth approximately $25,000. Arcadia Investment Management Corp MI acquired a new position in shares of monday.com during the fourth quarter worth approximately $28,000. R Squared Ltd bought a new position in shares of monday.com in the fourth quarter worth $33,000. Signaturefd LLC increased its stake in monday.com by 157.1% during the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock valued at $34,000 after buying an additional 88 shares during the period. Finally, Global Retirement Partners LLC raised its holdings in monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock worth $35,000 after purchasing an additional 59 shares in the last quarter. 73.70% of the stock is 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.