monday.com (NASDAQ:MNDY) Upgraded to Overweight at KeyCorp

monday.com (NASDAQ:MNDY) was upgraded by KeyCorp from a “sector weight” rating to an “overweight” rating in a report issued on Tuesday,Finviz reports. The brokerage currently has a $420.00 price objective on the stock. KeyCorp’s price objective points to a potential upside of 28.61% from the stock’s current price.

MNDY has been the subject of several other research reports. Scotiabank dropped their price target on shares of monday.com from $325.00 to $300.00 and set a “sector outperform” rating for the company in a research note on Thursday, January 16th. Needham & Company LLC boosted their target price on shares of monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday. Wells Fargo & Company boosted their target price on shares of monday.com from $330.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Robert W. Baird boosted their price target on shares of monday.com from $270.00 to $275.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Finally, Cantor Fitzgerald began coverage on shares of monday.com in a research report on Friday, January 17th. They issued an “overweight” rating and a $292.00 price target for the company. Four investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $321.59.

monday.com Stock Performance

MNDY stock opened at $326.58 on Tuesday. The firm has a market cap of $15.77 billion, a PE ratio of 796.54, a PEG ratio of 7.67 and a beta of 1.31. The firm’s 50 day moving average price is $250.37 and its 200-day moving average price is $262.04. monday.com has a one year low of $174.75 and a one year high of $342.64.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a net margin of 2.39% and a return on equity of 4.99%. Equities research analysts predict that monday.com will post 0.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MNDY. FMR LLC grew its holdings in monday.com by 112.0% during the 3rd quarter. FMR LLC now owns 1,512,094 shares of the company’s stock worth $420,014,000 after acquiring an additional 798,791 shares in the last quarter. SG Americas Securities LLC grew its holdings in monday.com by 1,024.7% during the 4th quarter. SG Americas Securities LLC now owns 476,392 shares of the company’s stock worth $112,162,000 after acquiring an additional 434,035 shares in the last quarter. Jennison Associates LLC boosted its holdings 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 valued at $202,905,000 after buying an additional 318,837 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of monday.com by 431.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 385,843 shares of the company’s stock valued at $107,176,000 after buying an additional 313,279 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of monday.com in the 4th quarter valued at about $27,010,000. 73.70% of the stock is 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.