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

monday.com (NASDAQ:MNDY - Get Free Report) had its price objective hoisted by analysts at Barclays from $325.00 to $360.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's target price indicates a potential upside of 13.03% from the company's previous close.

A number of other equities analysts have also recently issued reports on the company. Citigroup upgraded monday.com from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $302.00 to $298.00 in a report on Thursday, January 16th. DA Davidson reiterated a "neutral" rating and issued a $300.00 price objective on shares of monday.com in a report on Tuesday, November 12th. Oppenheimer upped their price objective on monday.com from $275.00 to $325.00 and gave the stock an "outperform" rating in a report on Tuesday, October 22nd. William Blair reiterated an "outperform" rating on shares of monday.com in a report on Wednesday, December 18th. Finally, Wells Fargo & Company increased their target price on monday.com from $340.00 to $380.00 and gave the company an "overweight" rating in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. According to MarketBeat.com, monday.com currently has an average rating of "Moderate Buy" and a consensus price target of $353.32.

monday.com Stock Performance

monday.com stock traded down $1.83 during midday trading on Tuesday, hitting $318.50. 508,475 shares of the company's stock were exchanged, compared to its average volume of 919,102. monday.com has a 52-week low of $174.75 and a 52-week high of $342.64. The stock has a 50-day moving average price of $252.94 and a two-hundred day moving average price of $264.30. The company has a market cap of $15.38 billion, a P/E ratio of 776.83, a PEG ratio of 7.67 and a beta of 1.31.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its 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 return on equity of 4.99% and a net margin of 2.39%. As a group, sell-side analysts expect that monday.com will post 0.85 earnings per share for the current year.

Institutional Trading of monday.com

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Clearbridge Investments LLC boosted its stake in monday.com by 0.3% during the 4th quarter. Clearbridge Investments LLC now owns 13,501 shares of the company's stock valued at $3,179,000 after purchasing an additional 44 shares during the last quarter. Prudential Financial Inc. boosted its stake in monday.com by 1.3% during the 4th quarter. Prudential Financial Inc. now owns 4,122 shares of the company's stock valued at $970,000 after purchasing an additional 53 shares during the last quarter. Global Retirement Partners LLC boosted its stake in monday.com by 64.8% during 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 last quarter. Avior Wealth Management LLC boosted its stake in monday.com by 2.6% during the 3rd quarter. Avior Wealth Management LLC now owns 2,611 shares of the company's stock valued at $725,000 after purchasing an additional 67 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in monday.com by 7.6% during the 4th quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company's stock valued at $253,000 after purchasing an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.

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.