monday.com (NASDAQ:MNDY) Given New $315.00 Price Target at Scotiabank

monday.com (NASDAQ:MNDY) had its target price trimmed by Scotiabank from $400.00 to $315.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a sector outperform rating on the stock.

Other equities research analysts have also issued research reports about the stock. Barclays increased their price objective on shares of monday.com from $325.00 to $360.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. raised their price target on shares of monday.com from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. The Goldman Sachs Group raised their price target on shares of monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Needham & Company LLC raised their price target on shares of monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a report on Monday, February 10th. Finally, William Blair reaffirmed an “outperform” rating on shares of monday.com in a report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, monday.com has a consensus rating of “Moderate Buy” and a consensus price target of $354.45.

monday.com Stock Up 3.9 %

monday.com stock opened at $265.73 on Monday. monday.com has a 52-week low of $174.75 and a 52-week high of $342.64. The firm has a fifty day moving average of $266.54 and a 200-day moving average of $269.65. The firm has a market capitalization of $12.83 billion, a P/E ratio of 442.88, a PEG ratio of 16.53 and a beta of 1.27.

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 the consensus estimate of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. On average, research analysts expect that monday.com will post 0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC boosted its stake in monday.com by 78.7% during the 4th quarter. FMR LLC now owns 2,701,952 shares of the company’s stock valued at $636,147,000 after purchasing an additional 1,189,858 shares during the period. Jennison Associates LLC boosted its stake in monday.com by 13.7% during the 4th quarter. Jennison Associates LLC now owns 830,811 shares of the company’s stock valued at $195,606,000 after purchasing an additional 100,333 shares during the period. Westfield Capital Management Co. LP boosted its stake in monday.com by 2.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 600,379 shares of the company’s stock valued at $166,767,000 after purchasing an additional 14,304 shares during the period. State Street Corp boosted its stake in monday.com by 3.8% during the 3rd quarter. State Street Corp now owns 587,879 shares of the company’s stock valued at $163,295,000 after purchasing an additional 21,585 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its stake in monday.com by 264.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company’s stock valued at $126,407,000 after purchasing an additional 403,255 shares during the period. 73.70% of the stock is 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.