monday.com (NASDAQ:MNDY) Given New $330.00 Price Target at Scotiabank

monday.com (NASDAQ:MNDY) had its price objective hoisted by Scotiabank from $315.00 to $330.00 in a research note released on Friday morning,Benzinga reports. The firm currently has a sector outperform rating on the stock.

Several other equities research analysts also recently issued reports on the company. Citigroup upgraded monday.com from a “neutral” rating to a “buy” rating and cut their price objective for the company from $302.00 to $298.00 in a report on Thursday, January 16th. Canaccord Genuity Group increased their price target on shares of monday.com from $310.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. raised their price objective on shares of monday.com from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Barclays upped their target price on shares of monday.com from $325.00 to $360.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Finally, Needham & Company LLC raised their price target on shares of monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat, monday.com has an average rating of “Moderate Buy” and an average target price of $345.14.

monday.com Price Performance

NASDAQ MNDY opened at $279.12 on Friday. The stock has a market capitalization of $14.17 billion, a P/E ratio of 465.20, a PEG ratio of 16.53 and a beta of 1.34. The firm’s 50-day moving average is $257.06 and its two-hundred day moving average is $265.95. monday.com has a 12 month low of $180.66 and a 12 month high of $342.64.

monday.com (NASDAQ:MNDY) last issued 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 6.22% and a net margin of 3.33%. As a group, analysts anticipate that monday.com will post 0.46 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MNDY. WCM Investment Management LLC raised its stake in monday.com by 0.4% during the 1st quarter. WCM Investment Management LLC now owns 4,078,985 shares of the company’s stock worth $1,007,550,000 after acquiring an additional 17,371 shares in the last quarter. FMR LLC increased its position in shares of monday.com by 78.7% during the fourth quarter. FMR LLC now owns 2,701,952 shares of the company’s stock worth $636,147,000 after purchasing an additional 1,189,858 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of monday.com by 13.7% in the 4th quarter. Jennison Associates LLC now owns 830,811 shares of the company’s stock valued at $195,606,000 after purchasing an additional 100,333 shares during the last quarter. Rubicon Global Capital Ltd acquired a new stake in shares of monday.com in the 1st quarter valued at about $137,434,000. Finally, CIBC Private Wealth Group LLC boosted its position in shares of monday.com by 264.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company’s stock valued at $126,407,000 after purchasing an additional 403,255 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

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.