monday.com (NASDAQ:MNDY) Given New $400.00 Price Target at Needham & Company LLC

monday.com (NASDAQ:MNDY) had its price target increased by Needham & Company LLC from $350.00 to $400.00 in a report released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts also recently issued reports on the company. Loop Capital lowered their price target on monday.com from $310.00 to $300.00 and set a “buy” rating for the company in a report on Monday, December 23rd. Citigroup upgraded shares of monday.com from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $302.00 to $298.00 in a research note on Thursday, January 16th. KeyCorp downgraded monday.com from an “overweight” rating to a “sector weight” rating in a research note on Friday, December 13th. Oppenheimer lifted their price target on monday.com from $275.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, Piper Sandler increased their price objective on shares of monday.com from $345.00 to $385.00 and gave the company an “overweight” rating in a research note on Monday. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $314.77.

monday.com Stock Up 26.5 %

MNDY stock opened at $326.58 on Monday. The company has a market cap of $15.77 billion, a price-to-earnings ratio of 796.54, 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 has a 50 day moving average of $250.37 and a two-hundred day moving average of $262.04.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC bought a new position in monday.com during the 2nd quarter valued at $285,000. Inspire Investing LLC bought a new position in shares of monday.com in the third quarter worth $870,000. Sapient Capital LLC purchased a new position in monday.com during the third quarter valued at approximately $1,282,000. Chicago Capital LLC grew its position in monday.com by 18.9% during the third quarter. Chicago Capital LLC now owns 1,795 shares of the company’s stock worth $499,000 after buying an additional 285 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of monday.com by 431.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 385,843 shares of the company’s stock worth $107,176,000 after purchasing an additional 313,279 shares during the last quarter. Institutional investors and hedge funds 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.