monday.com (NASDAQ:MNDY) Given New $400.00 Price Target at Jefferies Financial Group

monday.com (NASDAQ:MNDY - Get Free Report) had its price objective upped by research analysts at Jefferies Financial Group from $300.00 to $400.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Jefferies Financial Group's target price indicates a potential upside of 25.60% from the stock's previous close.

A number of other equities analysts have also commented on MNDY. William Blair reissued an "outperform" rating on shares of monday.com in a research note on Wednesday, December 18th. JPMorgan Chase & Co. upped their price objective on monday.com from $350.00 to $400.00 and gave the company an "overweight" rating in a research report on Tuesday. Robert W. Baird upped their price objective on monday.com from $270.00 to $275.00 and gave the company a "neutral" rating in a research report on Tuesday, January 21st. Citigroup upgraded monday.com from a "neutral" rating to a "buy" rating and decreased their price objective for the company from $302.00 to $298.00 in a research report on Thursday, January 16th. Finally, Piper Sandler upped their price objective on monday.com from $345.00 to $385.00 and gave the company an "overweight" rating in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, monday.com has an average rating of "Moderate Buy" and an average target price of $353.32.

monday.com Stock Down 0.6 %

monday.com stock traded down $1.86 during midday trading on Tuesday, reaching $318.48. 371,407 shares of the stock traded hands, compared to its average volume of 1,175,707. The stock's fifty day moving average is $252.51 and its 200-day moving average is $263.46. monday.com has a 12 month low of $174.75 and a 12 month high of $342.64. The stock has a market cap of $15.38 billion, a P/E ratio of 775.71, a PEG ratio of 7.67 and a beta of 1.31.

monday.com (NASDAQ:MNDY - Get Free Report) last announced 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, equities analysts predict that monday.com will post 0.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. purchased a new position in monday.com during the 3rd quarter worth $1,667,000. International Assets Investment Management LLC purchased a new position in monday.com during the 3rd quarter worth $21,989,000. Taylor Frigon Capital Management LLC purchased a new position in monday.com during the 3rd quarter worth $1,311,000. Jennison Associates LLC increased its holdings in monday.com by 77.5% during the 3rd quarter. Jennison Associates LLC now owns 730,478 shares of the company's stock worth $202,905,000 after purchasing an additional 318,837 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in monday.com by 6.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 36,572 shares of the company's stock worth $10,159,000 after purchasing an additional 2,196 shares during the period. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

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.