DA Davidson Forecasts Strong Price Appreciation for monday.com (NASDAQ:MNDY) Stock

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

Several other equities research analysts also recently commented on MNDY. KeyCorp raised shares of monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 target price for the company in a research note on Tuesday. Loop Capital dropped their price objective on monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. Oppenheimer lifted their price objective on monday.com from $275.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Barclays upped their target price on shares of monday.com from $325.00 to $360.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Wells Fargo & Company raised their price target on shares of monday.com from $340.00 to $380.00 and gave the stock an “overweight” rating in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $350.59.

monday.com Stock Up 0.0 %

MNDY stock traded up $0.09 during midday trading on Tuesday, reaching $326.67. 529,929 shares of the company’s stock traded hands, compared to its average volume of 1,137,157. The company has a market cap of $15.77 billion, a price-to-earnings ratio of 796.22, a PEG ratio of 7.67 and a beta of 1.31. The company has a 50-day simple moving average of $250.37 and a two-hundred day simple moving average of $262.04. monday.com has a 1-year low of $174.75 and a 1-year high of $342.64.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a return on equity of 4.99% and a net margin of 2.39%. Equities research analysts forecast that monday.com will post 0.85 EPS for the current year.

Hedge Funds Weigh In On monday.com

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

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.