monday.com (NASDAQ:MNDY - Free Report) had its price target trimmed by Scotiabank from $400.00 to $315.00 in a report released on Monday,Benzinga reports. The firm currently has a sector outperform rating on the stock.
A number of other brokerages have also recently commented on MNDY. Jefferies Financial Group increased their price target on shares of monday.com from $300.00 to $400.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. lifted their target price on shares of monday.com from $350.00 to $400.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Tigress Financial raised their price objective on monday.com from $340.00 to $450.00 and gave the company a "buy" rating in a research note on Friday, February 21st. DA Davidson raised monday.com from a "neutral" rating to a "buy" rating and set a $350.00 target price for the company in a research note on Monday. Finally, Wells Fargo & Company raised their price target on monday.com from $340.00 to $380.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Three 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 currently has an average rating of "Moderate Buy" and a consensus target price of $354.45.
Get Our Latest Analysis on monday.com
monday.com Price Performance
MNDY stock traded up $0.89 during midday trading on Monday, reaching $265.45. The company had a trading volume of 580,708 shares, compared to its average volume of 765,248. The firm has a 50-day moving average price of $268.63 and a 200-day moving average price of $269.50. The company has a market capitalization of $12.82 billion, a P/E ratio of 442.42, a P/E/G ratio of 16.53 and a beta of 1.27. monday.com has a 1 year low of $174.75 and a 1 year high of $342.64.
monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. On average, equities analysts predict that monday.com will post 0.46 EPS for the current year.
Institutional Investors Weigh In On monday.com
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Oppenheimer & Co. Inc. grew its stake in shares of monday.com by 24.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 6,765 shares of the company's stock worth $1,593,000 after buying an additional 1,318 shares during the last quarter. Jennison Associates LLC boosted its stake in monday.com by 77.5% in the 3rd quarter. Jennison Associates LLC now owns 730,478 shares of the company's stock worth $202,905,000 after purchasing an additional 318,837 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in monday.com during the 4th quarter valued at about $245,000. Swiss National Bank raised its holdings in monday.com by 2.2% in the third quarter. Swiss National Bank now owns 111,400 shares of the company's stock worth $30,944,000 after buying an additional 2,400 shares during the last quarter. Finally, Brown Capital Management LLC grew its holdings in shares of monday.com by 2.4% during the third quarter. Brown Capital Management LLC now owns 110,720 shares of the company's stock valued at $30,755,000 after buying an additional 2,583 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.
monday.com Company Profile
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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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