Cantor Fitzgerald Boosts monday.com (NASDAQ:MNDY) Price Target to $380.00

monday.com (NASDAQ:MNDY) had its price objective raised by equities research analysts at Cantor Fitzgerald from $292.00 to $380.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target would indicate a potential upside of 16.33% from the company’s previous close.

A number of other research firms also recently weighed in on MNDY. Jefferies Financial Group upped their target price on monday.com from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday. Loop Capital lowered their price objective on monday.com from $310.00 to $300.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. Oppenheimer upped their target price on shares of monday.com from $275.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. DA Davidson raised their price objective on shares of monday.com from $300.00 to $350.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, William Blair reaffirmed an “outperform” rating on shares of monday.com in a research report on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $350.59.

monday.com Trading Up 0.0 %

NASDAQ MNDY traded up $0.09 on Tuesday, hitting $326.67. The company’s stock had a trading volume of 529,929 shares, compared to its average volume of 1,137,157. monday.com has a 52-week low of $174.75 and a 52-week high of $342.64. The firm has a market cap of $15.77 billion, a P/E ratio of 796.22, a PEG ratio of 7.67 and a beta of 1.31. The company’s 50-day simple moving average is $250.37 and its 200 day simple moving average is $262.04.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share (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, research analysts forecast that monday.com will post 0.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. bought a new position in monday.com during the third quarter valued at approximately $1,667,000. International Assets Investment Management LLC bought a new position in shares of monday.com during the 3rd quarter valued at approximately $21,989,000. Taylor Frigon Capital Management LLC purchased a new position in shares of monday.com in the third quarter valued at $1,311,000. Jennison Associates LLC increased its position in monday.com by 77.5% in the third quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock worth $202,905,000 after purchasing an additional 318,837 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in monday.com by 6.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 36,572 shares of the company’s stock valued at $10,159,000 after purchasing an additional 2,196 shares in the last quarter. Hedge funds and other 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.