monday.com (NASDAQ:MNDY) Given New $360.00 Price Target at Jefferies Financial Group

monday.com (NASDAQ:MNDY) had its price objective trimmed by Jefferies Financial Group from $400.00 to $360.00 in a report published on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other brokerages also recently commented on MNDY. KeyCorp upgraded shares of monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 target price for the company in a report on Tuesday, February 11th. Piper Sandler increased their price objective on shares of monday.com from $345.00 to $385.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. The Goldman Sachs Group boosted their target price on monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Wells Fargo & Company lifted their price target on monday.com from $340.00 to $380.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, Needham & Company LLC upped their price objective on monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $352.64.

monday.com Stock Up 1.7 %

Shares of MNDY opened at $266.60 on Monday. monday.com has a 12-month low of $174.75 and a 12-month high of $342.64. The stock has a market cap of $13.54 billion, a P/E ratio of 444.33, a P/E/G ratio of 16.53 and a beta of 1.27. The business’s fifty day moving average is $273.56 and its 200 day moving average is $270.34.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. On average, analysts expect that monday.com will post 0.46 EPS for the current year.

Institutional Trading of monday.com

A number of large investors have recently made changes to their positions in MNDY. Stonebridge Financial Group LLC bought a new position in monday.com in the 4th quarter worth $25,000. Arcadia Investment Management Corp MI purchased a new position in shares of monday.com in the fourth quarter worth $28,000. R Squared Ltd bought a new position in shares of monday.com during the fourth quarter worth $33,000. Signaturefd LLC grew its stake in monday.com by 157.1% during the fourth quarter. Signaturefd LLC now owns 144 shares of the company’s stock valued at $34,000 after acquiring an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC boosted 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 acquiring an additional 59 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors.

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.