monday.com (NASDAQ:MNDY) Given New $400.00 Price Target at Scotiabank

monday.com (NASDAQ:MNDY) had its price target increased by Scotiabank from $300.00 to $400.00 in a report released on Tuesday,Benzinga reports. They currently have a sector outperform rating on the stock.

A number of other analysts have also issued reports on the company. Oppenheimer boosted their price target on monday.com from $275.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Piper Sandler boosted their price target on monday.com from $345.00 to $385.00 and gave the company an “overweight” rating in a report on Monday. William Blair reiterated an “outperform” rating on shares of monday.com in a report on Wednesday, December 18th. Robert W. Baird boosted their price target on monday.com from $275.00 to $335.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Cantor Fitzgerald started coverage on monday.com in a report on Friday, January 17th. They set an “overweight” rating and a $292.00 target price for the company. Four research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $353.32.

monday.com Price Performance

Shares of NASDAQ MNDY opened at $327.92 on Tuesday. The business’s 50 day moving average is $251.31 and its two-hundred day moving average is $262.68. monday.com has a 1-year low of $174.75 and a 1-year high of $342.64. The stock has a market capitalization of $15.83 billion, a P/E ratio of 799.80, a PEG ratio of 7.67 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last released its earnings results 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 net margin of 2.39% and a return on equity of 4.99%. As a group, equities research analysts anticipate that monday.com will post 0.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On monday.com

Several institutional investors and hedge funds have recently modified their holdings of MNDY. Sanctuary Advisors LLC acquired a new position in shares of monday.com in the 2nd quarter valued at about $285,000. Inspire Investing LLC acquired a new position in shares of monday.com in the 3rd quarter valued at about $870,000. Sapient Capital LLC acquired a new position in shares of monday.com in the 3rd quarter valued at about $1,282,000. Chicago Capital LLC lifted its holdings in shares of monday.com by 18.9% in the 3rd quarter. Chicago Capital LLC now owns 1,795 shares of the company’s stock valued at $499,000 after buying an additional 285 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of monday.com by 431.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 385,843 shares of the company’s stock valued at $107,176,000 after acquiring an additional 313,279 shares during the period. 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.