The Goldman Sachs Group Boosts monday.com (NASDAQ:MNDY) Price Target to $400.00

monday.com (NASDAQ:MNDY - Free Report) had its price objective increased by The Goldman Sachs Group from $350.00 to $400.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other analysts have also recently issued reports about the stock. Scotiabank increased their target price on shares of monday.com from $300.00 to $400.00 and gave the stock a "sector outperform" rating in a report on Tuesday. Jefferies Financial Group increased their target price on shares of monday.com from $300.00 to $400.00 and gave the stock a "buy" rating in a report on Tuesday. Citigroup raised shares of monday.com from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $302.00 to $298.00 in a report on Thursday, January 16th. KeyCorp raised shares of monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 target price on the stock in a report on Tuesday. Finally, Cantor Fitzgerald increased their target price on shares of monday.com from $292.00 to $380.00 and gave the stock an "overweight" rating in a report on Tuesday. Four analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $353.32.

monday.com Trading Down 0.6 %

NASDAQ MNDY traded down $1.86 during trading hours on Tuesday, reaching $318.48. 371,407 shares of the company traded hands, compared to its average volume of 1,175,707. monday.com has a 12 month low of $174.75 and a 12 month high of $342.64. The stock has a market capitalization of $15.38 billion, a PE ratio of 775.71, a PEG ratio of 7.67 and a beta of 1.31. The company has a 50 day moving average of $252.51 and a two-hundred day moving average of $263.46.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly earnings data 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 research analysts anticipate that monday.com will post 0.85 earnings per share for the current year.

Hedge Funds Weigh In On monday.com

Several large investors have recently made changes to their positions in MNDY. KP Management LLC boosted its holdings in shares of monday.com by 43.5% in the fourth quarter. KP Management LLC now owns 16,500 shares of the company's stock worth $3,885,000 after buying an additional 5,000 shares during the period. Melqart Asset Management UK Ltd boosted its holdings in shares of monday.com by 301.0% in the fourth quarter. Melqart Asset Management UK Ltd now owns 69,883 shares of the company's stock worth $16,453,000 after buying an additional 52,454 shares during the period. Aquatic Capital Management LLC acquired a new position in shares of monday.com in the fourth quarter worth about $882,000. Boothbay Fund Management LLC boosted its holdings in shares of monday.com by 105.3% in the fourth quarter. Boothbay Fund Management LLC now owns 8,106 shares of the company's stock worth $1,908,000 after buying an additional 4,158 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of monday.com in the fourth quarter worth about $1,006,000. Institutional investors own 73.70% of the company's stock.

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.