monday.com (NASDAQ:MNDY) Given New $365.00 Price Target at Wells Fargo & Company

monday.com (NASDAQ:MNDY) had its price objective increased by stock analysts at Wells Fargo & Company from $335.00 to $365.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 26.18% from the company’s current price.

MNDY has been the subject of several other reports. Jefferies Financial Group lowered their target price on monday.com from $400.00 to $360.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Piper Sandler upped their price objective on monday.com from $305.00 to $325.00 and gave the company an “overweight” rating in a research note on Monday, May 12th. UBS Group reduced their target price on monday.com from $350.00 to $310.00 and set a “neutral” rating on the stock in a report on Tuesday, April 29th. Needham & Company LLC reiterated a “buy” rating and issued a $400.00 price target on shares of monday.com in a report on Tuesday, May 13th. Finally, Tigress Financial upped their price target on monday.com from $340.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Three analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $347.86.

monday.com Trading Down 3.2%

Shares of monday.com stock opened at $289.28 on Friday. monday.com has a twelve month low of $188.01 and a twelve month high of $342.64. The stock has a market cap of $14.69 billion, a price-to-earnings ratio of 482.50, a price-to-earnings-growth ratio of 16.53 and a beta of 1.30. The company has a fifty day moving average price of $276.44 and a 200 day moving average price of $267.24.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.40. The business had revenue of $282.25 million during the quarter, compared to analyst estimates of $275.93 million. monday.com had a return on equity of 6.22% and a net margin of 3.33%. The company’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 earnings per share. Analysts forecast that monday.com will post 0.46 earnings per share for the current year.

Institutional Trading of monday.com

Institutional investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of monday.com by 74.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 274 shares of the company’s stock valued at $64,000 after buying an additional 117 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in monday.com during the fourth quarter valued at approximately $25,000. Van ECK Associates Corp lifted its stake in monday.com by 1.5% in the fourth quarter. Van ECK Associates Corp now owns 13,443 shares of the company’s stock valued at $3,165,000 after acquiring an additional 199 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in monday.com by 1.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 13,018 shares of the company’s stock valued at $3,036,000 after acquiring an additional 148 shares during the last quarter. Finally, Blue Trust Inc. grew its position in monday.com by 311.0% in the fourth quarter. Blue Trust Inc. now owns 1,311 shares of the company’s stock worth $309,000 after acquiring an additional 992 shares in the last quarter. Institutional investors and hedge funds 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.