monday.com (NASDAQ:MNDY) Stock Rating Upgraded by KeyCorp

monday.com (NASDAQ:MNDY) was upgraded by investment analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a research note issued to investors on Tuesday, Marketbeat.com reports. The firm presently has a $420.00 price objective on the stock. KeyCorp’s price target suggests a potential upside of 32.19% from the stock’s current price.

MNDY has been the topic of several other research reports. Citigroup upgraded shares of monday.com from a “neutral” rating to a “buy” rating and cut their price objective for the company from $302.00 to $298.00 in a report on Thursday, January 16th. Needham & Company LLC lifted their price objective on shares of monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday. Wells Fargo & Company boosted their price objective on shares of monday.com from $330.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Jefferies Financial Group reduced their target price on monday.com from $350.00 to $300.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Finally, Cantor Fitzgerald assumed coverage on monday.com in a research report on Friday, January 17th. They set an “overweight” rating and a $292.00 price target for the company. Four analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $353.32.

monday.com Trading Down 3.1 %

NASDAQ MNDY opened at $317.73 on Tuesday. The firm’s fifty day simple moving average is $251.81 and its two-hundred day simple moving average is $263.06. The firm has a market capitalization of $15.34 billion, a P/E ratio of 774.95, a P/E/G 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.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, February 10th. The company reported $0.50 earnings per share 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%. As a group, sell-side analysts predict that monday.com will post 0.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On monday.com

Several hedge funds have recently modified their holdings of MNDY. Stonebridge Financial Group LLC purchased a new position in shares of monday.com in the 4th quarter valued at about $25,000. Arcadia Investment Management Corp MI purchased a new stake in shares of monday.com in the fourth quarter valued at approximately $28,000. R Squared Ltd purchased a new stake in shares of monday.com in the fourth quarter valued at approximately $33,000. Signaturefd LLC raised its stake in shares of monday.com by 157.1% during the 4th 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 lifted its position in shares of 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 buying an additional 59 shares in the last quarter. 73.70% of the stock is owned by hedge funds and other institutional investors.

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.