monday.com (NASDAQ:MNDY) Price Target Raised to $385.00 at Piper Sandler

monday.com (NASDAQ:MNDY - Get Free Report) had its target price upped by analysts at Piper Sandler from $345.00 to $385.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Piper Sandler's target price suggests a potential upside of 20.16% from the company's previous close.

Other equities research analysts have also recently issued reports about the stock. KeyCorp cut shares of monday.com from an "overweight" rating to a "sector weight" rating in a research note on Friday, December 13th. Wells Fargo & Company increased their price target on shares of monday.com from $330.00 to $340.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. Citigroup raised shares of monday.com from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $302.00 to $298.00 in a research note on Thursday, January 16th. Scotiabank reduced their target price on monday.com from $325.00 to $300.00 and set a "sector outperform" rating on the stock in a research note on Thursday, January 16th. Finally, William Blair reiterated an "outperform" rating on shares of monday.com in a report on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, monday.com has a consensus rating of "Moderate Buy" and a consensus price target of $353.32.

monday.com Price Performance

monday.com stock traded up $2.67 during mid-day trading on Monday, reaching $320.40. The company had a trading volume of 636,877 shares, compared to its average volume of 1,196,801. The stock's 50-day simple moving average is $251.81 and its 200-day simple moving average is $263.06. The company has a market capitalization of $15.47 billion, a P/E ratio of 781.45, 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.

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%. On average, equities analysts forecast that monday.com will post 0.85 EPS for the current fiscal year.

Institutional Investors Weigh In On monday.com

Large investors have recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC acquired a new stake in monday.com during the 4th quarter valued at approximately $25,000. Arcadia Investment Management Corp MI purchased a new position in shares of monday.com during the 4th quarter valued at approximately $28,000. R Squared Ltd acquired a new stake in shares of monday.com during the fourth quarter worth approximately $33,000. Signaturefd LLC increased its stake 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 increased its stake in shares of monday.com by 64.8% in the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock worth $35,000 after buying an additional 59 shares during 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.