monday.com (NASDAQ:MNDY) Given New $380.00 Price Target at Cantor Fitzgerald

monday.com (NASDAQ:MNDY) had its target price lifted by equities researchers at Cantor Fitzgerald from $292.00 to $380.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective indicates a potential upside of 19.60% from the company’s previous close.

Several other research firms have also recently issued reports on MNDY. Canaccord Genuity Group raised their target price on monday.com from $310.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday. Citigroup upgraded shares of monday.com from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $302.00 to $298.00 in a report on Thursday, January 16th. Jefferies Financial Group increased their target price on shares of monday.com from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday. DA Davidson boosted their price target on shares of monday.com from $300.00 to $350.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Barclays upped their price objective on shares of monday.com from $325.00 to $360.00 and gave the stock an “overweight” rating in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $353.32.

monday.com Trading Down 3.1 %

Shares of MNDY stock opened at $317.73 on Tuesday. monday.com has a twelve month low of $174.75 and a twelve month high of $342.64. The company’s 50-day moving average price is $251.81 and its 200-day moving average price is $263.06. The stock has a market cap of $15.34 billion, a price-to-earnings ratio of 774.95, a PEG ratio of 7.67 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last posted 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 net margin of 2.39% and a return on equity of 4.99%. As a group, equities research analysts predict that monday.com will post 0.85 EPS for the current year.

Hedge Funds Weigh In On monday.com

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC grew its position in shares of monday.com by 112.0% in the third quarter. FMR LLC now owns 1,512,094 shares of the company’s stock valued at $420,014,000 after purchasing an additional 798,791 shares during the last quarter. Jennison Associates LLC grew its holdings 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 buying an additional 100,333 shares during the last quarter. Westfield Capital Management Co. LP increased its position in monday.com by 2.4% during the third quarter. Westfield Capital Management Co. LP now owns 600,379 shares of the company’s stock worth $166,767,000 after buying an additional 14,304 shares in the last quarter. State Street Corp raised its holdings in shares of monday.com by 3.8% in the third quarter. State Street Corp now owns 587,879 shares of the company’s stock worth $163,295,000 after acquiring an additional 21,585 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of monday.com by 264.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company’s stock worth $126,407,000 after acquiring an additional 403,255 shares during the last quarter. 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.