monday.com (NASDAQ:MNDY) Price Target Raised to $325.00 at Barclays

monday.com (NASDAQ:MNDY) had its price target increased by analysts at Barclays from $300.00 to $325.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 20.24% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. DA Davidson boosted their price objective on shares of monday.com from $250.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Piper Sandler restated an “overweight” rating and issued a $300.00 price objective (up previously from $270.00) on shares of monday.com in a research report on Monday, August 12th. Bank of America boosted their price objective on shares of monday.com from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. KeyCorp dropped their price objective on shares of monday.com from $280.00 to $270.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. Finally, Tigress Financial boosted their price objective on shares of monday.com from $280.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $296.16.

monday.com Price Performance

Shares of MNDY traded down $7.48 on Tuesday, hitting $270.29. The company’s stock had a trading volume of 346,817 shares, compared to its average volume of 736,323. The company has a market capitalization of $13.05 billion, a PE ratio of 712.21, a PEG ratio of 13.58 and a beta of 1.32. monday.com has a fifty-two week low of $122.13 and a fifty-two week high of $285.64. The company has a 50 day moving average price of $251.30 and a 200 day moving average price of $229.54.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, August 12th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.01 by $0.23. The business had revenue of $236.11 million for the quarter, compared to the consensus estimate of $227.96 million. monday.com had a return on equity of 4.74% and a net margin of 4.88%. On average, equities analysts forecast that monday.com will post 0.49 EPS for the current year.

Hedge Funds Weigh In On monday.com

Several institutional investors and hedge funds have recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of monday.com in the 2nd quarter valued at $28,747,000. Sanctuary Advisors LLC acquired a new position in shares of monday.com in the 2nd quarter valued at $285,000. Truist Financial Corp grew its holdings in shares of monday.com by 4.1% in the 2nd quarter. Truist Financial Corp now owns 4,993 shares of the company’s stock valued at $1,202,000 after buying an additional 195 shares during the period. Mackenzie Financial Corp grew its holdings in shares of monday.com by 23.0% in the 2nd quarter. Mackenzie Financial Corp now owns 1,981 shares of the company’s stock valued at $477,000 after buying an additional 371 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of monday.com by 19.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,355 shares of the company’s stock valued at $2,975,000 after buying an additional 2,023 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

About monday.com

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.