monday.com (NASDAQ:MNDY) Stock Rating Lowered by Wall Street Zen

monday.com (NASDAQ:MNDY - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

MNDY has been the topic of a number of other research reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $400.00 price objective on shares of monday.com in a research note on Tuesday, May 13th. JPMorgan Chase & Co. dropped their target price on monday.com from $400.00 to $350.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Scotiabank lifted their target price on monday.com from $315.00 to $330.00 and gave the stock a "sector outperform" rating in a report on Friday, May 2nd. Morgan Stanley began coverage on monday.com in a report on Tuesday, June 17th. They issued an "equal weight" rating and a $330.00 target price for the company. Finally, DA Davidson dropped their target price on monday.com from $350.00 to $290.00 and set a "buy" rating for the company in a report on Monday, April 14th. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $347.09.

monday.com Stock Performance

NASDAQ:MNDY traded up $1.21 during trading hours on Friday, reaching $301.07. The stock had a trading volume of 296,823 shares, compared to its average volume of 738,818. monday.com has a 52 week low of $188.01 and a 52 week high of $342.64. The company has a 50 day moving average price of $292.76 and a two-hundred day moving average price of $268.81. The stock has a market capitalization of $15.29 billion, a PE ratio of 307.22, a PEG ratio of 111.23 and a beta of 1.30.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.40. monday.com had a return on equity of 7.87% and a net margin of 5.08%. The business had revenue of $282.25 million for the quarter, compared to the consensus estimate of $275.93 million. During the same quarter in the previous year, the company posted $0.61 EPS. The company's revenue was up 30.2% compared to the same quarter last year. Equities research analysts predict that monday.com will post 0.46 EPS for the current year.

Institutional Investors Weigh In On monday.com

Institutional investors and hedge funds have recently bought and sold shares of the company. ASR Vermogensbeheer N.V. bought a new stake in monday.com during the 1st quarter valued at $25,000. Summit Securities Group LLC bought a new stake in monday.com during the 1st quarter valued at $25,000. NewEdge Advisors LLC raised its position in monday.com by 2,120.0% during the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company's stock valued at $27,000 after purchasing an additional 106 shares in the last quarter. Grove Bank & Trust bought a new stake in monday.com during the 1st quarter valued at $30,000. 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 worth $34,000 after acquiring an additional 88 shares in the last quarter. 73.70% of the stock is owned by institutional investors.

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.