monday.com (NASDAQ:MNDY) Given New $335.00 Price Target at Robert W. Baird

monday.com (NASDAQ:MNDY - Free Report) had its target price hoisted by Robert W. Baird from $275.00 to $335.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts also recently commented on the stock. Loop Capital cut their price target on shares of monday.com from $310.00 to $300.00 and set a "buy" rating on the stock in a report on Monday, December 23rd. Canaccord Genuity Group upped their price target on shares of monday.com from $295.00 to $310.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. William Blair reissued an "outperform" rating on shares of monday.com in a research report on Wednesday, December 18th. Piper Sandler boosted their price objective on shares of monday.com from $345.00 to $385.00 and gave the company an "overweight" rating in a research report on Monday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of monday.com from $350.00 to $400.00 and gave the company an "overweight" rating in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, monday.com currently has an average rating of "Moderate Buy" and a consensus target price of $353.32.

monday.com Price Performance

Shares of monday.com stock traded down $1.86 during trading hours on Tuesday, reaching $318.48. The company's stock had a trading volume of 371,407 shares, compared to its average volume of 1,175,707. The stock has a market cap of $15.38 billion, a P/E ratio of 775.71, a P/E/G ratio of 7.67 and a beta of 1.31. monday.com has a one year low of $174.75 and a one year high of $342.64. The firm has a 50 day moving average price of $252.51 and a 200-day moving average price 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 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, sell-side analysts forecast that monday.com will post 0.85 EPS for the current fiscal year.

Hedge Funds Weigh In On monday.com

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. China Universal Asset Management Co. Ltd. purchased a new position in monday.com during the third quarter valued at $1,667,000. International Assets Investment Management LLC purchased a new position in monday.com during the third quarter valued at $21,989,000. Taylor Frigon Capital Management LLC purchased a new position in monday.com during the third quarter valued at $1,311,000. Jennison Associates LLC lifted its holdings in monday.com by 77.5% during the third quarter. Jennison Associates LLC now owns 730,478 shares of the company's stock valued at $202,905,000 after purchasing an additional 318,837 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in monday.com by 6.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 36,572 shares of the company's stock valued at $10,159,000 after purchasing an additional 2,196 shares in the last quarter. 73.70% of the stock is 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.