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

KeyCorp upgraded shares of monday.com (NASDAQ:MNDY) from a sector weight rating to an overweight rating in a research note issued to investors on Tuesday morning, MarketBeat reports. They currently have $420.00 price target on the stock.

Several other equities research analysts have also commented on the stock. Scotiabank decreased their price objective on shares of monday.com from $325.00 to $300.00 and set a “sector outperform” rating on the stock in a research report on Thursday, January 16th. Canaccord Genuity Group boosted their target price on shares of monday.com from $295.00 to $310.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Jefferies Financial Group cut their target price on shares of monday.com from $350.00 to $300.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Loop Capital cut their target price on shares of monday.com from $310.00 to $300.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. Finally, Citigroup raised shares of monday.com from a “neutral” rating to a “buy” rating and cut their target price for the company from $302.00 to $298.00 in a research note on Thursday, January 16th. Four investment 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 currently has an average rating of “Moderate Buy” and an average price target of $353.32.

monday.com Stock Performance

Shares of NASDAQ MNDY opened at $327.92 on Tuesday. monday.com has a one year low of $174.75 and a one year high of $342.64. The company’s fifty day moving average is $251.31 and its two-hundred day moving average is $262.68. The firm 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 quarterly earnings data on Monday, February 10th. The company reported $0.50 EPS 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%. On average, sell-side analysts forecast that monday.com will post 0.85 earnings per share for the current fiscal year.

Institutional Trading of monday.com

Institutional investors and hedge funds have recently bought and sold shares of the business. China Universal Asset Management Co. Ltd. acquired a new stake in monday.com during the 3rd quarter worth approximately $1,667,000. International Assets Investment Management LLC purchased a new position in monday.com in the 3rd quarter worth approximately $21,989,000. Taylor Frigon Capital Management LLC purchased a new position in monday.com in the 3rd quarter worth approximately $1,311,000. Jennison Associates LLC boosted its holdings in monday.com by 77.5% in the 3rd quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock worth $202,905,000 after acquiring an additional 318,837 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in monday.com by 6.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 36,572 shares of the company’s stock worth $10,159,000 after acquiring an additional 2,196 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.