DA Davidson Lowers monday.com (NASDAQ:MNDY) Price Target to $290.00

monday.com (NASDAQ:MNDY - Free Report) had its price objective decreased by DA Davidson from $350.00 to $290.00 in a research report sent to investors on Monday morning,Benzinga reports. DA Davidson currently has a buy rating on the stock.

Several other research analysts have also weighed in on MNDY. Piper Sandler raised their price objective on shares of monday.com from $345.00 to $385.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Needham & Company LLC boosted their price objective on monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a report on Monday, February 10th. Robert W. Baird increased their target price on monday.com from $275.00 to $335.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. The Goldman Sachs Group boosted their target price on shares of monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Finally, Canaccord Genuity Group raised their price target on shares of monday.com from $310.00 to $375.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $349.91.

monday.com Trading Down 1.6 %

NASDAQ:MNDY traded down $4.06 during trading hours on Monday, hitting $246.28. The stock had a trading volume of 551,631 shares, compared to its average volume of 806,194. The business has a 50 day simple moving average of $266.40 and a two-hundred day simple moving average of $267.08. monday.com has a 1-year low of $174.75 and a 1-year high of $342.64. The company has a market cap of $12.50 billion, a PE ratio of 410.47, a price-to-earnings-growth ratio of 16.53 and a beta of 1.34.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. Research analysts expect that monday.com will post 0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On monday.com

Several hedge funds have recently modified their holdings of the stock. Stonebridge Financial Group LLC acquired a new stake in monday.com during the 4th quarter worth about $25,000. Arcadia Investment Management Corp MI acquired a new stake in shares of monday.com during the fourth quarter valued at approximately $28,000. Grove Bank & Trust purchased a new stake in shares of monday.com in the 1st quarter valued at approximately $30,000. R Squared Ltd acquired a new position in monday.com in the 4th quarter worth approximately $33,000. Finally, Signaturefd LLC grew its position in monday.com by 157.1% during the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock worth $34,000 after purchasing an additional 88 shares in the last quarter. 73.70% of the stock is owned by hedge funds and other institutional investors.

About monday.com

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.