Canaccord Genuity Group Increases monday.com (NASDAQ:MNDY) Price Target to $375.00

monday.com (NASDAQ:MNDY) had its price target boosted by Canaccord Genuity Group from $310.00 to $375.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 14.80% from the stock’s current price.

Several other research analysts also recently commented on the company. Needham & Company LLC increased their price objective on monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Monday. Jefferies Financial Group increased their target price on shares of monday.com from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday. Scotiabank boosted their price target on shares of monday.com from $300.00 to $400.00 and gave the stock a “sector outperform” rating in a research report on Tuesday. KeyCorp upgraded shares of monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price objective for the company in a report on Tuesday. Finally, Piper Sandler boosted their target price on monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a report on Monday. Four investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $350.59.

monday.com Price Performance

NASDAQ MNDY traded up $0.09 on Tuesday, hitting $326.67. The company had a trading volume of 529,929 shares, compared to its average volume of 1,137,157. The company has a market capitalization of $15.77 billion, a PE ratio of 796.22, a PEG ratio of 7.67 and a beta of 1.31. monday.com has a 12-month low of $174.75 and a 12-month high of $342.64. The company’s fifty day moving average price is $250.37 and its 200-day moving average price is $262.04.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data 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%. On average, sell-side analysts anticipate that monday.com will post 0.85 EPS for the current year.

Institutional Trading of monday.com

A number of large investors have recently modified their holdings of MNDY. Stonebridge Financial Group LLC acquired a new position in monday.com during the 4th quarter worth $25,000. Arcadia Investment Management Corp MI acquired a new position in shares of monday.com during the fourth quarter worth about $28,000. R Squared Ltd purchased a new stake in shares of monday.com during the fourth quarter worth approximately $33,000. Signaturefd LLC increased its stake in shares of monday.com by 157.1% during the fourth quarter. Signaturefd LLC now owns 144 shares of the company’s stock worth $34,000 after buying an additional 88 shares during the period. Finally, Global Retirement Partners LLC raised its holdings in monday.com by 64.8% in the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock valued at $35,000 after acquiring an additional 59 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.