monday.com (NASDAQ:MNDY) Price Target Raised to $330.00 at Scotiabank

monday.com (NASDAQ:MNDY - Get Free Report) had its price target raised by Scotiabank from $315.00 to $330.00 in a report released on Friday,Benzinga reports. The brokerage currently has a "sector outperform" rating on the stock. Scotiabank's price target points to a potential upside of 20.74% from the stock's current price.

Several other analysts also recently issued reports on the company. Wells Fargo & Company reduced their price objective on monday.com from $380.00 to $310.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Citigroup upgraded shares of monday.com from a "neutral" rating to a "buy" rating and decreased their target price for the stock from $302.00 to $298.00 in a research report on Thursday, January 16th. DA Davidson reduced their price target on monday.com from $350.00 to $290.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. KeyCorp raised monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 price objective for the company in a research report on Tuesday, February 11th. Finally, Robert W. Baird upped their price objective on shares of monday.com from $275.00 to $335.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company's stock. According to data from MarketBeat.com, monday.com currently has an average rating of "Moderate Buy" and a consensus target price of $345.14.

monday.com Trading Down 2.1 %

Shares of NASDAQ MNDY traded down $5.81 during midday trading on Friday, reaching $273.31. 370,104 shares of the company were exchanged, compared to its average volume of 797,940. The stock has a fifty day simple moving average of $257.06 and a 200 day simple moving average of $265.69. The stock has a market cap of $13.88 billion, a P/E ratio of 455.52, a PEG ratio of 16.53 and a beta of 1.34. monday.com has a 1 year low of $180.66 and a 1 year high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.50 earnings per share 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%. As a group, analysts forecast that monday.com will post 0.46 earnings per share for the current year.

Institutional Trading of monday.com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC bought a new position in monday.com in the fourth quarter valued at approximately $25,000. Arcadia Investment Management Corp MI bought a new position in monday.com during the fourth quarter worth about $28,000. Grove Bank & Trust acquired a new position in shares of monday.com during the 1st quarter worth about $30,000. R Squared Ltd bought a new stake in shares of monday.com in the 4th quarter valued at about $33,000. Finally, Signaturefd LLC raised its position in shares of monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock valued at $34,000 after acquiring an additional 88 shares during the period. 73.70% of the stock is currently 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.