monday.com (NASDAQ:MNDY - Free Report) had its target price boosted by Wells Fargo & Company from $335.00 to $365.00 in a report published on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.
MNDY has been the topic of several other research reports. Barclays cut their target price on monday.com from $360.00 to $345.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 13th. DA Davidson cut their target price on monday.com from $350.00 to $290.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Canaccord Genuity Group cut their target price on monday.com from $375.00 to $350.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Wall Street Zen upgraded monday.com from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. cut their target price on monday.com from $400.00 to $350.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Three equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, monday.com has a consensus rating of "Moderate Buy" and an average target price of $347.86.
Read Our Latest Stock Analysis on monday.com
monday.com Stock Down 6.4%
Shares of NASDAQ MNDY traded down $19.01 during trading on Friday, reaching $279.95. The company had a trading volume of 899,019 shares, compared to its average volume of 741,688. The company's fifty day moving average price is $276.44 and its 200-day moving average price is $267.24. monday.com has a 12 month low of $188.01 and a 12 month high of $342.64. The stock has a market cap of $14.21 billion, a P/E ratio of 466.58, a PEG ratio of 16.53 and a beta of 1.30.
monday.com (NASDAQ:MNDY - Get Free Report) 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. monday.com had a return on equity of 6.22% and a net margin of 3.33%. The firm had revenue of $282.25 million for the quarter, compared to analyst estimates of $275.93 million. During the same quarter in the previous year, the company posted $0.61 EPS. The business's revenue was up 30.2% on a year-over-year basis. As a group, equities analysts predict that monday.com will post 0.46 earnings per share for the current year.
Institutional Trading of monday.com
Hedge funds have recently bought and sold shares of the business. WCM Investment Management LLC raised its stake in shares of monday.com by 0.4% in the first quarter. WCM Investment Management LLC now owns 4,078,985 shares of the company's stock valued at $1,007,550,000 after buying an additional 17,371 shares during the period. FMR LLC raised its stake in shares of monday.com by 78.7% in the fourth quarter. FMR LLC now owns 2,701,952 shares of the company's stock valued at $636,147,000 after buying an additional 1,189,858 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of monday.com by 45.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company's stock valued at $583,969,000 after buying an additional 745,686 shares during the period. JPMorgan Chase & Co. raised its stake in shares of monday.com by 102.5% in the first quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company's stock valued at $408,999,000 after buying an additional 851,231 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its position in shares of monday.com by 98.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 924,325 shares of the company's stock valued at $224,759,000 after purchasing an additional 458,794 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors.
About monday.com
(
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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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