monday.com (NASDAQ:MNDY) Upgraded to “Overweight” at KeyCorp

KeyCorp upgraded shares of monday.com (NASDAQ:MNDY) from a sector weight rating to an overweight rating in a research report sent to investors on Tuesday, Marketbeat Ratings reports. They currently have $420.00 target price on the stock.

MNDY has been the topic of a number of other research reports. Jefferies Financial Group cut their price objective on shares of monday.com from $350.00 to $300.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. William Blair reissued an “outperform” rating on shares of monday.com in a report on Wednesday, December 18th. Oppenheimer raised their price objective on shares of monday.com from $275.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. DA Davidson reissued a “neutral” rating and set a $300.00 price objective on shares of monday.com in a report on Tuesday, November 12th. Finally, Wells Fargo & Company raised their price objective on shares of monday.com from $330.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Four equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $353.32.

monday.com Stock Performance

NASDAQ:MNDY opened at $327.92 on Tuesday. monday.com has a 1 year low of $174.75 and a 1 year high of $342.64. The stock has a market cap of $15.83 billion, a P/E ratio of 799.80, a P/E/G ratio of 7.67 and a beta of 1.31. The stock has a 50-day simple moving average of $251.31 and a 200-day simple moving average of $262.68.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a return on equity of 4.99% and a net margin of 2.39%. On average, equities research analysts predict that monday.com will post 0.85 EPS for the current year.

Hedge Funds Weigh In On monday.com

A number of hedge funds and other institutional investors have recently bought and sold shares of MNDY. Sanctuary Advisors LLC purchased a new position in monday.com in the 2nd quarter valued at $285,000. Inspire Investing LLC purchased a new stake in shares of monday.com during the 3rd quarter worth $870,000. Sapient Capital LLC purchased a new stake in shares of monday.com during the 3rd quarter worth $1,282,000. Chicago Capital LLC boosted its position in shares of monday.com by 18.9% during the 3rd quarter. Chicago Capital LLC now owns 1,795 shares of the company’s stock worth $499,000 after purchasing an additional 285 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of monday.com by 431.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 385,843 shares of the company’s stock worth $107,176,000 after purchasing an additional 313,279 shares in the last quarter. 73.70% of the stock is currently 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.