Jefferies Financial Group Lowers monday.com (NASDAQ:MNDY) Price Target to $360.00

monday.com (NASDAQ:MNDY - Free Report) had its target price decreased by Jefferies Financial Group from $400.00 to $360.00 in a research note released on Monday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

A number of other research firms have also commented on MNDY. Barclays upped their price target on shares of monday.com from $325.00 to $360.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Tigress Financial increased their target price on shares of monday.com from $340.00 to $450.00 and gave the stock a "buy" rating in a report on Friday, February 21st. DA Davidson upgraded monday.com from a "neutral" rating to a "buy" rating and set a $350.00 price target on the stock in a report on Monday, March 17th. The Goldman Sachs Group lifted their price objective on monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Finally, Loop Capital decreased their target price on monday.com from $310.00 to $300.00 and set a "buy" rating for the company in a report on Monday, December 23rd. Three investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $352.64.

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monday.com Trading Down 6.8 %

Shares of NASDAQ MNDY traded down $15.86 during midday trading on Monday, hitting $217.77. 1,708,715 shares of the company's stock were exchanged, compared to its average volume of 800,969. The business's fifty day moving average price is $273.26 and its two-hundred day moving average price is $270.09. The company has a market cap of $11.06 billion, a price-to-earnings ratio of 362.95, a PEG ratio of 16.53 and a beta of 1.27. monday.com has a 12-month low of $174.75 and a 12-month high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings results 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%. Equities analysts expect that monday.com will post 0.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On monday.com

A number of institutional investors have recently modified their holdings of MNDY. Stonebridge Financial Group LLC bought a new position in monday.com in the 4th quarter worth about $25,000. Arcadia Investment Management Corp MI purchased a new position in monday.com in the fourth quarter worth about $28,000. R Squared Ltd bought a new position in shares of monday.com in the fourth quarter worth approximately $33,000. Signaturefd LLC grew its holdings in shares of 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 buying an additional 88 shares during the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock valued at $35,000 after acquiring an additional 59 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.