monday.com (NASDAQ:MNDY - Get Free Report) had its price objective reduced by analysts at Scotiabank from $325.00 to $300.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a "sector outperform" rating on the stock. Scotiabank's price target would indicate a potential upside of 24.35% from the company's previous close.
A number of other research firms have also recently commented on MNDY. Wells Fargo & Company lifted their price objective on monday.com from $315.00 to $330.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. Oppenheimer boosted their price objective on shares of monday.com from $275.00 to $325.00 and gave the company an "outperform" rating in a research report on Tuesday, October 22nd. TD Cowen raised their target price on shares of monday.com from $300.00 to $320.00 and gave the stock a "buy" rating in a research report on Thursday, September 26th. Robert W. Baird boosted their price target on monday.com from $265.00 to $270.00 and gave the company a "neutral" rating in a report on Tuesday, November 12th. Finally, KeyCorp lowered monday.com from an "overweight" rating to a "sector weight" rating in a research note on Friday, December 13th. Five analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $311.40.
Check Out Our Latest Stock Analysis on MNDY
monday.com Price Performance
Shares of NASDAQ MNDY traded up $7.10 on Thursday, hitting $241.25. The company's stock had a trading volume of 901,973 shares, compared to its average volume of 981,206. The stock has a 50 day moving average of $259.22 and a 200-day moving average of $259.49. The company has a market capitalization of $11.65 billion, a price-to-earnings ratio of 592.51, a price-to-earnings-growth ratio of 5.41 and a beta of 1.30. monday.com has a 12-month low of $174.75 and a 12-month high of $324.99.
monday.com (NASDAQ:MNDY - Get Free Report) last posted its earnings results on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.24. The firm had revenue of $251.00 million for the quarter, compared to analyst estimates of $246.17 million. monday.com had a return on equity of 4.99% and a net margin of 2.39%. monday.com's revenue was up 49.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 EPS. Sell-side analysts expect that monday.com will post 0.85 EPS for the current fiscal year.
Institutional Trading of monday.com
A number of institutional investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. purchased a new position in monday.com in the third quarter valued at about $43,000. Toronto Dominion Bank acquired a new stake in shares of monday.com in the second quarter valued at about $120,000. Vestcor Inc raised its holdings in shares of monday.com by 31.4% during the 3rd quarter. Vestcor Inc now owns 519 shares of the company's stock valued at $144,000 after buying an additional 124 shares during the period. Larson Financial Group LLC lifted its position in monday.com by 645.7% during the 3rd quarter. Larson Financial Group LLC now owns 604 shares of the company's stock worth $168,000 after acquiring an additional 523 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. boosted its holdings in monday.com by 18.2% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 650 shares of the company's stock worth $181,000 after acquiring an additional 100 shares during the period. 73.70% of the stock is owned by hedge funds and other institutional investors.
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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