monday.com (NASDAQ:MNDY - Get Free Report) had its target price reduced by stock analysts at Needham & Company LLC from $400.00 to $250.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Needham & Company LLC's target price indicates a potential upside of 41.80% from the company's previous close.
Other equities analysts have also recently issued research reports about the company. Baird R W upgraded monday.com from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. DA Davidson decreased their price objective on shares of monday.com from $350.00 to $290.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company set a $365.00 price objective on shares of monday.com and gave the company an "overweight" rating in a research note on Friday, June 13th. Scotiabank boosted their price objective on shares of monday.com from $315.00 to $330.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 2nd. Finally, UBS Group dropped their target price on shares of monday.com from $350.00 to $310.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Three equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, monday.com has a consensus rating of "Moderate Buy" and a consensus target price of $341.27.
Check Out Our Latest Stock Report on monday.com
monday.com Stock Down 28.9%
monday.com stock traded down $71.74 during mid-day trading on Monday, hitting $176.30. 7,863,875 shares of the company's stock were exchanged, compared to its average volume of 833,511. The firm has a market capitalization of $8.95 billion, a P/E ratio of 180.09, a PEG ratio of 89.75 and a beta of 1.27. monday.com has a fifty-two week low of $174.20 and a fifty-two week high of $342.64. The company's 50 day simple moving average is $289.71 and its 200-day simple moving average is $277.38.
monday.com (NASDAQ:MNDY - Get Free Report) last released its earnings results 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. The firm had revenue of $282.25 million during the quarter, compared to analysts' expectations of $275.93 million. monday.com had a return on equity of 7.87% and a net margin of 5.08%. The company's revenue was up 30.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 EPS. Research analysts expect that monday.com will post 0.46 EPS for the current year.
Institutional Investors Weigh In On monday.com
Institutional investors have recently made changes to their positions in the company. WCM Investment Management LLC boosted its position in monday.com by 0.4% in the 1st 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. Price T Rowe Associates Inc. MD boosted its position in monday.com by 45.0% in the 1st 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. boosted its position in monday.com by 102.5% in the 1st 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. Rubicon Global Capital Ltd boosted its position in monday.com by 155.3% in the 2nd quarter. Rubicon Global Capital Ltd now owns 1,442,900 shares of the company's stock valued at $453,763,000 after buying an additional 877,700 shares during the period. Finally, T. Rowe Price Investment Management Inc. boosted its position in monday.com by 98.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 924,325 shares of the company's stock valued at $224,759,000 after buying an additional 458,794 shares during the period. 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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