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

monday.com (NASDAQ:MNDY) has been assigned a $365.00 price objective by stock analysts at Wells Fargo & Company in a research report issued to clients and investors on Friday, MarketBeat reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 25.54% from the stock’s previous close.

A number of other research analysts also recently commented on the company. Scotiabank boosted their price target on monday.com from $315.00 to $330.00 and gave the company a “sector outperform” rating in a research note on Friday, May 2nd. Piper Sandler lifted their price objective on monday.com from $305.00 to $325.00 and gave the stock an “overweight” rating in a research note on Monday, May 12th. Barclays dropped their price target on monday.com from $360.00 to $345.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 13th. Loop Capital decreased their target price on monday.com from $385.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, May 13th. Finally, DA Davidson dropped their price target on shares of monday.com from $350.00 to $290.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Three research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat, monday.com presently has a consensus rating of “Moderate Buy” and an average target price of $347.86.

monday.com Price Performance

monday.com stock traded up $10.79 during trading hours on Friday, hitting $290.74. The company had a trading volume of 160,933 shares, compared to its average volume of 740,915. monday.com has a fifty-two week low of $188.01 and a fifty-two week high of $342.64. The firm has a market capitalization of $14.76 billion, a P/E ratio of 484.94, a price-to-earnings-growth ratio of 16.53 and a beta of 1.30. The firm’s fifty day moving average is $277.67 and its 200-day moving average is $266.88.

monday.com (NASDAQ:MNDY) last released its quarterly 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. The firm had revenue of $282.25 million for the quarter, compared to analyst estimates of $275.93 million. monday.com had a net margin of 3.33% and a return on equity of 6.22%. The company’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 earnings per share. Analysts anticipate 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 company. Stonebridge Financial Group LLC purchased a new stake in shares of monday.com during the fourth quarter worth about $25,000. ASR Vermogensbeheer N.V. purchased a new stake in shares of monday.com in the first quarter valued at $25,000. Summit Securities Group LLC acquired a new position in monday.com in the first quarter valued at $25,000. NewEdge Advisors LLC grew its holdings in monday.com by 2,120.0% in the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after buying an additional 106 shares during the period. Finally, Arcadia Investment Management Corp MI acquired a new position in shares of monday.com during the 4th quarter valued at about $28,000. 73.70% of the stock is owned by hedge funds and other 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.