monday.com (NASDAQ:MNDY) Given New $400.00 Price Target at Needham & Company LLC

monday.com (NASDAQ:MNDY - Free Report) had its price target boosted by Needham & Company LLC from $350.00 to $400.00 in a report released on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also commented on MNDY. Cantor Fitzgerald assumed coverage on monday.com in a research note on Friday, January 17th. They issued an "overweight" rating and a $292.00 target price for the company. Piper Sandler increased their price objective on monday.com from $345.00 to $385.00 and gave the stock an "overweight" rating in a research note on Monday. Jefferies Financial Group dropped their price objective on monday.com from $350.00 to $300.00 and set a "buy" rating for the company in a research note on Tuesday, January 21st. Wells Fargo & Company increased their price objective on monday.com from $330.00 to $340.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Finally, DA Davidson reiterated a "neutral" rating and set a $300.00 price objective on shares of monday.com in a research note on Tuesday, November 12th. Four analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company's stock. Based on data from MarketBeat.com, monday.com presently has an average rating of "Moderate Buy" and an average price target of $353.32.

monday.com Price Performance

Shares of NASDAQ MNDY traded up $2.60 during trading hours on Monday, reaching $320.33. The stock had a trading volume of 737,067 shares, compared to its average volume of 1,203,967. The business's fifty day moving average is $252.51 and its two-hundred day moving average is $263.46. The company has a market cap of $15.46 billion, a price-to-earnings ratio of 781.29, a PEG ratio of 7.67 and a beta of 1.31. monday.com has a twelve month low of $174.75 and a twelve month high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its 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%. Sell-side analysts forecast that monday.com will post 0.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On monday.com

Several hedge funds have recently added to or reduced their stakes in the company. Clearbridge Investments LLC boosted its holdings in monday.com by 0.3% during the fourth quarter. Clearbridge Investments LLC now owns 13,501 shares of the company's stock worth $3,179,000 after buying an additional 44 shares during the last quarter. Prudential Financial Inc. boosted its holdings in monday.com by 1.3% during the fourth quarter. Prudential Financial Inc. now owns 4,122 shares of the company's stock worth $970,000 after buying an additional 53 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in monday.com by 64.8% during 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. Avior Wealth Management LLC lifted its holdings in shares of monday.com by 2.6% during the 3rd quarter. Avior Wealth Management LLC now owns 2,611 shares of the company's stock valued at $725,000 after purchasing an additional 67 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in shares of monday.com by 7.6% during the 4th quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company's stock valued at $253,000 after purchasing an additional 76 shares in the last quarter. Institutional investors own 73.70% of the company's stock.

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.