monday.com (NASDAQ:MNDY) Price Target Raised to $450.00

monday.com (NASDAQ:MNDY) had its price objective upped by Tigress Financial from $340.00 to $450.00 in a research report sent to investors on Friday,Benzinga reports. Tigress Financial currently has a buy rating on the stock.

Several other analysts have also weighed in on the stock. KeyCorp raised shares of monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price objective for the company in a report on Tuesday, February 11th. Jefferies Financial Group raised their price objective on shares of monday.com from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Cantor Fitzgerald raised their price objective on shares of monday.com from $292.00 to $380.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. William Blair reaffirmed an “outperform” rating on shares of monday.com in a report on Wednesday, December 18th. Finally, Wells Fargo & Company raised their price objective on shares of monday.com from $340.00 to $380.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $358.32.

monday.com Stock Down 2.4 %

Shares of MNDY opened at $300.65 on Friday. The stock has a market cap of $14.51 billion, a price-to-earnings ratio of 501.08, a P/E/G ratio of 16.53 and a beta of 1.31. monday.com has a 12 month low of $174.75 and a 12 month high of $342.64. The company has a 50-day moving average price of $256.10 and a two-hundred day moving average price of $268.20.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results 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 return on equity of 6.22% and a net margin of 3.33%. Equities research analysts expect that monday.com will post 0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. FMR LLC grew its stake in monday.com by 78.7% in the 4th quarter. FMR LLC now owns 2,701,952 shares of the company’s stock valued at $636,147,000 after buying an additional 1,189,858 shares during the last quarter. Jennison Associates LLC grew its stake in monday.com by 13.7% in the 4th quarter. Jennison Associates LLC now owns 830,811 shares of the company’s stock valued at $195,606,000 after buying an additional 100,333 shares during the last quarter. Westfield Capital Management Co. LP grew its stake in monday.com by 2.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 600,379 shares of the company’s stock valued at $166,767,000 after buying an additional 14,304 shares during the last quarter. State Street Corp grew its stake in monday.com by 3.8% in the 3rd quarter. State Street Corp now owns 587,879 shares of the company’s stock valued at $163,295,000 after buying an additional 21,585 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in monday.com by 264.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company’s stock valued at $126,407,000 after buying an additional 403,255 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

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.