Citigroup lowered shares of monday.com (NASDAQ:MNDY - Free Report) from a buy rating to a neutral rating in a research note published on Wednesday morning, MarketBeat.com reports. Citigroup currently has $250.00 price objective on the stock, down from their previous price objective of $277.00.
A number of other analysts have also recently weighed in on MNDY. JPMorgan Chase & Co. raised their target price on shares of monday.com from $230.00 to $270.00 and gave the stock an overweight rating in a report on Monday, March 25th. Tigress Financial raised their target price on shares of monday.com from $240.00 to $280.00 and gave the stock a buy rating in a report on Tuesday, March 5th. DA Davidson restated a neutral rating and set a $190.00 target price on shares of monday.com in a report on Tuesday, February 13th. Bank of America began coverage on shares of monday.com in a report on Monday, February 26th. They set a buy rating and a $280.00 target price for the company. Finally, KeyCorp began coverage on shares of monday.com in a research note on Thursday, March 21st. They issued an overweight rating and a $275.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $238.33.
View Our Latest Stock Report on MNDY
monday.com Price Performance
Shares of NASDAQ MNDY traded down $15.84 during mid-day trading on Wednesday, reaching $199.91. 1,859,458 shares of the company traded hands, compared to its average volume of 818,199. monday.com has a fifty-two week low of $108.35 and a fifty-two week high of $239.22. The firm has a market cap of $9.65 billion, a PE ratio of -2,855.45 and a beta of 1.18. The stock has a fifty day simple moving average of $219.90 and a 200-day simple moving average of $187.25.
monday.com (NASDAQ:MNDY - Get Free Report) last issued its earnings results on Monday, February 12th. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.33. The firm had revenue of $202.60 million during the quarter, compared to analysts' expectations of $197.97 million. monday.com had a negative net margin of 0.26% and a negative return on equity of 0.43%. The firm's revenue for the quarter was up 35.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.03) earnings per share. As a group, analysts predict that monday.com will post -0.16 EPS for the current fiscal year.
Institutional Investors Weigh In On monday.com
A number of institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its stake in shares of monday.com by 98.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,684,101 shares of the company's stock valued at $383,156,000 after buying an additional 1,332,770 shares during the period. Acadian Asset Management LLC raised its holdings in shares of monday.com by 35.8% during the 3rd quarter. Acadian Asset Management LLC now owns 1,137,850 shares of the company's stock valued at $181,124,000 after purchasing an additional 300,011 shares in the last quarter. 1832 Asset Management L.P. raised its holdings in shares of monday.com by 44.6% during the 4th quarter. 1832 Asset Management L.P. now owns 893,500 shares of the company's stock valued at $109,007,000 after purchasing an additional 275,800 shares in the last quarter. Whale Rock Capital Management LLC bought a new position in shares of monday.com during the 2nd quarter valued at $140,686,000. Finally, BlackRock Inc. raised its holdings in shares of monday.com by 577.1% during the 2nd quarter. BlackRock Inc. now owns 761,969 shares of the company's stock valued at $130,464,000 after purchasing an additional 649,439 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.
monday.com Company Profile
(
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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