monday.com (NASDAQ:MNDY) Price Target Raised to $335.00

monday.com (NASDAQ:MNDY) had its price objective upped by Wells Fargo & Company from $310.00 to $335.00 in a research report released on Tuesday morning, Marketbeat Ratings reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other brokerages have also recently weighed in on MNDY. The Goldman Sachs Group boosted their target price on monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. cut their target price on monday.com from $400.00 to $350.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 6th. Piper Sandler boosted their target price on monday.com from $305.00 to $325.00 and gave the company an “overweight” rating in a research report on Monday. Tigress Financial upped their price objective on monday.com from $340.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Robert W. Baird increased their target price on monday.com from $275.00 to $335.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $346.50.

monday.com Stock Up 0.0%

NASDAQ:MNDY opened at $292.97 on Tuesday. monday.com has a 52 week low of $188.01 and a 52 week high of $342.64. The stock has a market capitalization of $14.87 billion, a PE ratio of 488.28, a price-to-earnings-growth ratio of 16.53 and a beta of 1.32. The stock’s 50-day moving average price is $258.41 and its 200-day moving average price is $265.46.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.40. monday.com had a return on equity of 6.22% and a net margin of 3.33%. The company had revenue of $282.25 million for the quarter, compared to analysts’ expectations of $275.93 million. During the same period in the previous year, the firm posted $0.61 EPS. monday.com’s revenue was up 30.2% compared to the same quarter last year. Sell-side analysts expect that monday.com will post 0.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. ASR Vermogensbeheer N.V. purchased a new position in monday.com during the first quarter worth about $25,000. Summit Securities Group LLC purchased a new position in monday.com during the first quarter worth about $25,000. Stonebridge Financial Group LLC purchased a new position in monday.com during the fourth quarter worth about $25,000. Arcadia Investment Management Corp MI purchased a new position in monday.com during the fourth quarter worth about $28,000. Finally, Grove Bank & Trust purchased a new position in monday.com during the first quarter worth about $30,000. 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.