monday.com (NASDAQ:MNDY) Stock Rating Upgraded by KeyCorp

monday.com (NASDAQ:MNDY - Get Free Report) was upgraded by KeyCorp from a "sector weight" rating to an "overweight" rating in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The firm presently has a $420.00 target price on the stock. KeyCorp's target price indicates a potential upside of 32.49% from the stock's previous close.

Several other equities analysts have also weighed in on the company. Citigroup raised monday.com from a "neutral" rating to a "buy" rating and cut their target price for the company from $302.00 to $298.00 in a research note on Thursday, January 16th. Canaccord Genuity Group increased their target price on monday.com from $295.00 to $310.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Oppenheimer increased their target price on monday.com from $275.00 to $325.00 and gave the company an "outperform" rating in a research note on Tuesday, October 22nd. Needham & Company LLC increased their target price on monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a research note on Monday. Finally, Robert W. Baird increased their target price on monday.com from $270.00 to $275.00 and gave the company a "neutral" rating in a research note on Tuesday, January 21st. Four research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company's stock. According to data from MarketBeat.com, monday.com currently has an average rating of "Moderate Buy" and an average price target of $353.32.

monday.com Trading Down 1.0 %

Shares of MNDY traded down $3.32 during trading hours on Tuesday, hitting $317.01. 361,417 shares of the stock traded hands, compared to its average volume of 1,175,707. monday.com has a 1-year low of $174.75 and a 1-year high of $342.64. The firm has a market capitalization of $15.31 billion, a PE ratio of 773.20, a price-to-earnings-growth ratio of 7.67 and a beta of 1.31. The business has a fifty day moving average of $252.51 and a 200-day moving average of $263.46.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MNDY. Sanctuary Advisors LLC bought a new position in monday.com in the second quarter valued at approximately $285,000. Inspire Investing LLC bought a new position in monday.com in the third quarter valued at approximately $870,000. Sapient Capital LLC bought a new position in monday.com in the third quarter valued at approximately $1,282,000. Chicago Capital LLC grew its stake in monday.com by 18.9% in the third quarter. Chicago Capital LLC now owns 1,795 shares of the company's stock valued at $499,000 after purchasing an additional 285 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in monday.com by 431.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 385,843 shares of the company's stock valued at $107,176,000 after purchasing an additional 313,279 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors.

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.