Tigress Financial Issues Positive Forecast for monday.com (NASDAQ:MNDY) Stock Price

monday.com (NASDAQ:MNDY) had its target price raised by Tigress Financial from $340.00 to $450.00 in a report issued on Friday morning,Benzinga reports. Tigress Financial currently has a buy rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. Jefferies Financial Group lifted their price target on shares of monday.com from $300.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. William Blair reaffirmed an “outperform” rating on shares of monday.com in a report on Wednesday, December 18th. Barclays lifted their target price on monday.com from $325.00 to $360.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Cantor Fitzgerald lifted their target price on monday.com from $292.00 to $380.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, Robert W. Baird lifted their price objective on monday.com from $275.00 to $335.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $358.32.

monday.com Trading Down 2.4 %

Shares of MNDY stock opened at $300.65 on Friday. monday.com has a 12-month low of $174.75 and a 12-month high of $342.64. The firm’s 50 day moving average is $256.10 and its 200 day moving average is $267.36. The stock has a market capitalization of $14.52 billion, a P/E ratio of 501.08, a P/E/G ratio of 16.54 and a beta of 1.31.

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 return on equity of 6.22% and a net margin of 3.33%. As a group, equities analysts predict that monday.com will post 0.46 earnings per share for the current year.

Hedge Funds Weigh In On monday.com

Hedge funds have recently bought and sold shares of the business. Stonebridge Financial Group LLC bought a new position in monday.com in the 4th quarter valued at $25,000. Arcadia Investment Management Corp MI bought a new position in monday.com in the fourth quarter worth approximately $28,000. R Squared Ltd bought a new position in shares of monday.com during the 4th quarter worth $33,000. Signaturefd LLC grew its position in shares of monday.com by 157.1% during the 4th quarter. Signaturefd LLC now owns 144 shares of the company’s stock worth $34,000 after buying an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC grew 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 worth $35,000 after buying an additional 59 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

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.