monday.com (NASDAQ:MNDY) Given New $350.00 Price Target at DA Davidson

monday.com (NASDAQ:MNDY) had its price target upped by analysts at DA Davidson from $300.00 to $350.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. DA Davidson’s price objective would indicate a potential upside of 7.14% from the company’s current price.

MNDY has been the topic of several other reports. Jefferies Financial Group boosted their price target on shares of monday.com from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday. Needham & Company LLC upped their target price on monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a report on Monday. Barclays boosted their price objective on monday.com from $325.00 to $360.00 and gave the stock an “overweight” rating in a research report on Tuesday. Citigroup upgraded monday.com from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $302.00 to $298.00 in a research note on Thursday, January 16th. Finally, Loop Capital reduced their price target on shares of monday.com from $310.00 to $300.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. Four equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $350.59.

monday.com Trading Up 0.0 %

NASDAQ MNDY traded up $0.09 during trading hours 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. The company’s 50-day simple moving average is $250.37 and its two-hundred day simple moving average is $262.04. The company has a market capitalization of $15.77 billion, a PE ratio of 796.22, a price-to-earnings-growth ratio of 7.67 and a beta of 1.31. monday.com has a 52 week low of $174.75 and a 52 week high of $342.64.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Stonebridge Financial Group LLC purchased a new stake in monday.com during the 4th quarter valued at about $25,000. Arcadia Investment Management Corp MI bought a new stake in monday.com in the fourth quarter valued at approximately $28,000. R Squared Ltd purchased a new stake in shares of monday.com during the fourth quarter valued at approximately $33,000. Signaturefd LLC grew its holdings in shares of monday.com by 157.1% in the fourth quarter. Signaturefd LLC now owns 144 shares of the company’s stock worth $34,000 after purchasing an additional 88 shares during the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of monday.com by 64.8% in the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock worth $35,000 after purchasing an additional 59 shares during the last quarter. 73.70% of the stock is owned by 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.