monday.com (NASDAQ:MNDY) Given New $400.00 Price Target at Scotiabank

monday.com (NASDAQ:MNDY - Free Report) had its price target raised by Scotiabank from $300.00 to $400.00 in a research report report published on Tuesday,Benzinga reports. Scotiabank currently has a sector outperform rating on the stock.

MNDY has been the topic of a number of other reports. Jefferies Financial Group raised their price target on monday.com from $300.00 to $400.00 and gave the company a "buy" rating in a report on Tuesday. KeyCorp raised monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 price target on the stock in a report on Tuesday. Needham & Company LLC lifted their target price on monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Monday, February 10th. DA Davidson reaffirmed a "neutral" rating and issued a $300.00 target price on shares of monday.com in a report on Tuesday, November 12th. Finally, Robert W. Baird lifted their target price on monday.com from $275.00 to $335.00 and gave the stock a "neutral" 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 data from MarketBeat.com, monday.com presently has a consensus rating of "Moderate Buy" and an average target price of $353.32.

monday.com Trading Down 0.6 %

monday.com stock traded down $1.83 during trading on Tuesday, reaching $318.50. The company had a trading volume of 508,475 shares, 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 firm's 50-day simple moving average is $252.94 and its 200 day simple moving average is $264.30. The firm has a market capitalization of $15.38 billion, a price-to-earnings ratio of 776.83, a price-to-earnings-growth ratio of 7.67 and a beta of 1.31.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 2.39% and a return on equity of 4.99%. On average, analysts predict that monday.com will post 0.85 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MNDY. Stonebridge Financial Group LLC purchased a new position in shares of monday.com during the fourth quarter valued at approximately $25,000. Arcadia Investment Management Corp MI purchased a new position in shares of monday.com during the fourth quarter valued at approximately $28,000. R Squared Ltd purchased a new position in shares of monday.com during the fourth quarter valued at approximately $33,000. Signaturefd LLC raised its stake in shares of monday.com by 157.1% during the fourth quarter. Signaturefd LLC now owns 144 shares of the company's stock valued at $34,000 after acquiring an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in shares of 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 acquiring an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.

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.