monday.com (NASDAQ:MNDY) Given New $450.00 Price Target at Tigress Financial

monday.com (NASDAQ:MNDY) had its price target raised by Tigress Financial from $340.00 to $450.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts have also commented on MNDY. Barclays lifted their price target on shares of monday.com from $325.00 to $360.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. The Goldman Sachs Group lifted their price target on shares of monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. KeyCorp upgraded shares of monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price target on the stock in a report on Tuesday, February 11th. Loop Capital cut their price target on shares of monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a report on Monday, December 23rd. Finally, Scotiabank lifted their target price on shares of monday.com from $300.00 to $400.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $358.32.

monday.com Trading Down 2.4 %

Shares of monday.com stock opened at $300.65 on Friday. The company has a 50 day moving average of $256.10 and a 200-day moving average of $268.20. monday.com has a 1-year low of $174.75 and a 1-year high of $342.64. The company has a market cap of $14.51 billion, a PE ratio of 501.08, a price-to-earnings-growth ratio of 16.53 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. Research analysts forecast that monday.com will post 0.46 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. China Universal Asset Management Co. Ltd. bought a new position in shares of monday.com in the 3rd quarter worth about $1,667,000. International Assets Investment Management LLC bought a new position in shares of monday.com in the 3rd quarter worth about $21,989,000. Jennison Associates LLC increased its stake in shares of monday.com by 77.5% in the 3rd quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock worth $202,905,000 after acquiring an additional 318,837 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of monday.com by 6.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 36,572 shares of the company’s stock worth $10,159,000 after acquiring an additional 2,196 shares in the last quarter. Finally, Plato Investment Management Ltd bought a new position in shares of monday.com in the 3rd quarter worth about $673,000. 73.70% of the stock is currently 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.