monday.com (NASDAQ:MNDY - Get Free Report) had its price objective dropped by investment analysts at Robert W. Baird from $310.00 to $240.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Robert W. Baird's price target indicates a potential upside of 37.83% from the company's current price.
Several other analysts have also issued reports on the company. Loop Capital cut their target price on monday.com from $385.00 to $375.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Jefferies Financial Group reiterated a "buy" rating and issued a $330.00 price objective (down previously from $360.00) on shares of monday.com in a research report on Monday. Morgan Stanley initiated coverage on monday.com in a research report on Tuesday, June 17th. They issued an "equal weight" rating and a $330.00 price objective for the company. Barclays lowered their price objective on monday.com from $360.00 to $345.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $325.00 price objective on shares of monday.com in a research report on Friday, June 27th. Two analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $326.86.
View Our Latest Stock Report on MNDY
monday.com Price Performance
Shares of MNDY opened at $174.13 on Tuesday. The firm has a market cap of $8.84 billion, a P/E ratio of 177.68, a P/E/G ratio of 89.75 and a beta of 1.27. The stock has a 50 day simple moving average of $287.11 and a two-hundred day simple moving average of $276.86. monday.com has a 1 year low of $173.20 and a 1 year high of $342.64.
monday.com (NASDAQ:MNDY - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.25. The business had revenue of $299.01 million during the quarter, compared to analyst estimates of $293.60 million. monday.com had a return on equity of 7.87% and a net margin of 5.08%. monday.com's revenue for the quarter was up 26.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.94 earnings per share. On average, equities analysts anticipate that monday.com will post 0.46 earnings per share for the current year.
Institutional Investors Weigh In On monday.com
A number of institutional investors have recently modified their holdings of MNDY. Vanguard Group Inc. grew its stake in shares of monday.com by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 69,888 shares of the company's stock worth $16,454,000 after acquiring an additional 1,426 shares during the last quarter. Cerity Partners LLC boosted its position in shares of monday.com by 43.4% during the fourth quarter. Cerity Partners LLC now owns 1,798 shares of the company's stock valued at $466,000 after buying an additional 544 shares during the last quarter. Bank of Montreal Can boosted its position in shares of monday.com by 62.0% during the fourth quarter. Bank of Montreal Can now owns 22,097 shares of the company's stock valued at $5,203,000 after buying an additional 8,454 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of monday.com during the fourth quarter valued at $27,010,000. Finally, Townsquare Capital LLC purchased a new stake in shares of monday.com during the fourth quarter valued at $478,000. 73.70% of the stock is owned by hedge funds and other institutional investors.
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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