monday.com (NASDAQ:MNDY) Given a $365.00 Price Target at Wells Fargo & Company

Wells Fargo & Company set a $365.00 price target on monday.com (NASDAQ:MNDY - Free Report) in a research report sent to investors on Friday, Marketbeat.com reports. The firm currently has an overweight rating on the stock.

Other research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. dropped their target price on shares of monday.com from $400.00 to $350.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Jefferies Financial Group dropped their price objective on monday.com from $400.00 to $360.00 and set a "buy" rating for the company in a research note on Monday, March 31st. DA Davidson reduced their price objective on monday.com from $350.00 to $290.00 and set a "buy" rating for the company in a report on Monday, April 14th. Tigress Financial raised their price target on monday.com from $340.00 to $450.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, Scotiabank lifted their price target on monday.com from $315.00 to $330.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 2nd. Three analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $347.86.

monday.com Stock Up 3.4%

Shares of monday.com stock traded up $9.58 during trading on Friday, reaching $289.53. The company's stock had a trading volume of 684,656 shares, compared to its average volume of 742,985. The business has a 50 day moving average price of $277.67 and a 200-day moving average price of $266.88. monday.com has a 12-month low of $188.01 and a 12-month high of $342.64. The company has a market capitalization of $14.70 billion, a P/E ratio of 482.55, a price-to-earnings-growth ratio of 16.53 and a beta of 1.30.

monday.com (NASDAQ:MNDY - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.40. monday.com had a return on equity of 6.22% and a net margin of 3.33%. The company had revenue of $282.25 million during the quarter, compared to the consensus estimate of $275.93 million. During the same quarter last year, the company earned $0.61 earnings per share. monday.com's quarterly revenue was up 30.2% compared to the same quarter last year. Research analysts predict that monday.com will post 0.46 EPS for the current fiscal year.

Hedge Funds Weigh In On monday.com

Large investors have recently added to or reduced their stakes in the business. Rhumbline Advisers grew its holdings in monday.com by 6.4% in the 1st quarter. Rhumbline Advisers now owns 11,232 shares of the company's stock valued at $2,731,000 after buying an additional 671 shares during the period. Strs Ohio purchased a new stake in monday.com in the first quarter valued at approximately $7,397,000. Diker Management LLC acquired a new position in monday.com during the first quarter worth approximately $973,000. McAdam LLC raised its stake in monday.com by 15.0% during the first quarter. McAdam LLC now owns 2,623 shares of the company's stock worth $638,000 after purchasing an additional 342 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of monday.com by 0.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 117,921 shares of the company's stock valued at $28,674,000 after purchasing an additional 485 shares during the last quarter. 73.70% of the stock is currently 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.