monday.com (NASDAQ:MNDY - Get Free Report) had its target price dropped by analysts at UBS Group from $350.00 to $310.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. UBS Group's target price would indicate a potential upside of 12.27% from the stock's previous close.
MNDY has been the subject of several other research reports. Barclays upped their price objective on monday.com from $325.00 to $360.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. lifted their price target on shares of monday.com from $350.00 to $400.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Canaccord Genuity Group raised their target price on shares of monday.com from $310.00 to $375.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Jefferies Financial Group dropped their price objective on shares of monday.com from $400.00 to $360.00 and set a "buy" rating for the company in a report on Monday, March 31st. Finally, Robert W. Baird increased their target price on shares of monday.com from $275.00 to $335.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $344.45.
Check Out Our Latest Stock Report on monday.com
monday.com Trading Up 0.6 %
Shares of NASDAQ:MNDY traded up $1.57 during mid-day trading on Tuesday, reaching $276.13. The stock had a trading volume of 145,862 shares, compared to its average volume of 801,458. The company has a market cap of $14.02 billion, a P/E ratio of 460.78, a price-to-earnings-growth ratio of 16.53 and a beta of 1.34. The business's 50 day moving average price is $258.88 and its 200 day moving average price is $265.93. monday.com has a 1 year low of $179.02 and a 1 year high of $342.64.
monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. Analysts predict that monday.com will post 0.46 earnings per share for the current fiscal year.
Hedge Funds Weigh In On monday.com
A number of large investors have recently bought and sold shares of MNDY. Stonebridge Financial Group LLC acquired a new stake in monday.com in the 4th quarter valued at about $25,000. Arcadia Investment Management Corp MI acquired a new stake in shares of monday.com in the fourth quarter worth approximately $28,000. Grove Bank & Trust acquired a new stake in shares of monday.com in the first quarter worth $30,000. R Squared Ltd purchased a new stake in monday.com during the 4th quarter worth approximately $33,000. Finally, Signaturefd LLC increased its stake in monday.com by 157.1% during the fourth quarter. Signaturefd LLC now owns 144 shares of the company's stock valued at $34,000 after purchasing an additional 88 shares during 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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