monday.com (NASDAQ:MNDY) Given New $270.00 Price Target at JPMorgan Chase & Co.

monday.com (NASDAQ:MNDYFree Report) had its target price raised by JPMorgan Chase & Co. from $230.00 to $270.00 in a research note released on Monday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

MNDY has been the subject of several other reports. Oppenheimer boosted their price objective on shares of monday.com from $220.00 to $240.00 and gave the company an outperform rating in a research report on Tuesday, February 13th. KeyCorp initiated coverage on monday.com in a research note on Thursday, March 21st. They issued an overweight rating and a $275.00 price objective on the stock. DA Davidson reaffirmed a neutral rating and issued a $190.00 price objective on shares of monday.com in a research note on Tuesday, February 13th. UBS Group lifted their price target on monday.com from $185.00 to $200.00 and gave the company a neutral rating in a research note on Thursday, December 7th. Finally, Piper Sandler reissued an overweight rating and set a $250.00 price target on shares of monday.com in a research note on Tuesday, February 13th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, monday.com presently has a consensus rating of Moderate Buy and a consensus price target of $232.43.

View Our Latest Research Report on MNDY

monday.com Trading Down 1.3 %

Shares of NASDAQ MNDY opened at $225.15 on Monday. monday.com has a 1-year low of $108.35 and a 1-year high of $239.22. The company has a market cap of $10.87 billion, a PE ratio of -3,215.97 and a beta of 1.18. The company has a 50-day moving average of $216.82 and a two-hundred day moving average of $182.81.

monday.com (NASDAQ:MNDYGet Free Report) last issued its quarterly earnings data on Monday, February 12th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.32 by $0.33. The business had revenue of $202.60 million for the quarter, compared to the consensus estimate of $197.97 million. monday.com had a negative return on equity of 0.43% and a negative net margin of 0.26%. The firm’s revenue was up 35.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.03) EPS. As a group, equities research analysts forecast that monday.com will post -0.16 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp bought a new position in monday.com during the first quarter valued at about $8,834,000. BlackRock Inc. increased its holdings in monday.com by 151.9% during the first quarter. BlackRock Inc. now owns 33,300 shares of the company’s stock worth $5,264,000 after buying an additional 20,079 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in monday.com during the first quarter worth about $590,000. Vanguard Group Inc. increased its holdings in monday.com by 240.1% during the first quarter. Vanguard Group Inc. now owns 8,922 shares of the company’s stock worth $1,410,000 after buying an additional 6,299 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of monday.com by 6,322.6% in the first quarter. Renaissance Technologies LLC now owns 199,100 shares of the company’s stock worth $31,472,000 after purchasing an additional 196,000 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

About monday.com

(Get Free Report)

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.

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