monday.com (NASDAQ:MNDY - Get Free Report) had its price objective boosted by research analysts at Tigress Financial from $280.00 to $340.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a "buy" rating on the stock. Tigress Financial's price objective would indicate a potential upside of 27.58% from the company's previous close.
MNDY has been the topic of a number of other reports. UBS Group boosted their price target on monday.com from $240.00 to $280.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 13th. Baird R W upgraded monday.com to a "hold" rating in a report on Tuesday, July 23rd. The Goldman Sachs Group lifted their price target on monday.com from $300.00 to $340.00 and gave the stock a "buy" rating in a research report on Tuesday, August 13th. JPMorgan Chase & Co. raised their price objective on shares of monday.com from $270.00 to $300.00 and gave the company an "overweight" rating in a research note on Tuesday, August 13th. Finally, Canaccord Genuity Group lifted their target price on shares of monday.com from $250.00 to $295.00 and gave the stock a "buy" rating in a report on Tuesday, August 13th. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, monday.com has a consensus rating of "Moderate Buy" and a consensus price target of $285.79.
Get Our Latest Stock Report on monday.com
monday.com Price Performance
NASDAQ MNDY traded down $2.19 during trading hours on Wednesday, reaching $266.50. 318,690 shares of the company's stock traded hands, compared to its average volume of 794,345. monday.com has a 52-week low of $122.13 and a 52-week high of $272.77. The firm has a 50-day simple moving average of $234.64 and a 200 day simple moving average of $221.13. The firm has a market cap of $12.87 billion, a PE ratio of 701.32, a PEG ratio of 43.41 and a beta of 1.30.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Ridgewood Investments LLC purchased a new position in shares of monday.com during the 2nd quarter worth $45,000. Gilliland Jeter Wealth Management LLC lifted its position in monday.com by 72.9% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company's stock valued at $58,000 after purchasing an additional 102 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in monday.com during the second quarter valued at about $69,000. PNC Financial Services Group Inc. increased its position in monday.com by 373.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 393 shares of the company's stock worth $74,000 after buying an additional 310 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. raised its stake in shares of monday.com by 741.7% in the first quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company's stock worth $91,000 after buying an additional 356 shares during the period. 73.70% of the stock is owned by hedge funds and other institutional investors.
monday.com Company Profile
(
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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.
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