monday.com (NASDAQ:MNDY) Price Target Lowered to $300.00 at Jefferies Financial Group

monday.com (NASDAQ:MNDY) had its price target decreased by research analysts at Jefferies Financial Group from $350.00 to $300.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 18.23% from the company’s previous close.

Several other research analysts have also weighed in on MNDY. Cantor Fitzgerald began coverage on shares of monday.com in a research note on Friday, January 17th. They set an “overweight” rating and a $292.00 target price for the company. Robert W. Baird upped their price objective on monday.com from $270.00 to $275.00 and gave the stock a “neutral” rating in a research report on Tuesday. Wells Fargo & Company upped their target price on shares of monday.com from $315.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. TD Cowen raised their price target on monday.com from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Finally, Capital One Financial started coverage on shares of monday.com in a report on Thursday, October 10th. They set an “overweight” rating and a $325.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, monday.com has a consensus rating of “Moderate Buy” and a consensus price target of $310.68.

monday.com Price Performance

monday.com stock opened at $253.75 on Tuesday. The stock has a market cap of $12.25 billion, a price-to-earnings ratio of 618.90, a price-to-earnings-growth ratio of 6.00 and a beta of 1.30. The firm has a 50 day simple moving average of $254.79 and a 200-day simple moving average of $259.58. monday.com has a 1-year low of $174.75 and a 1-year high of $324.99.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.24. monday.com had a return on equity of 4.99% and a net margin of 2.39%. The company had revenue of $251.00 million during the quarter, compared to analysts’ expectations of $246.17 million. During the same quarter last year, the firm earned $0.15 earnings per share. The firm’s quarterly revenue was up 49.5% compared to the same quarter last year. Equities analysts expect that monday.com will post 0.85 earnings per share for the current fiscal year.

Institutional Trading of monday.com

Institutional investors have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV grew its position in monday.com by 4.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,124 shares of the company’s stock worth $271,000 after buying an additional 47 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in shares of monday.com by 12.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,602 shares of the company’s stock worth $626,000 after acquiring an additional 286 shares during the period. Public Employees Retirement Association of Colorado increased its stake in monday.com by 43.1% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 7,300 shares of the company’s stock valued at $1,758,000 after purchasing an additional 2,200 shares in the last quarter. Sei Investments Co. raised its holdings in monday.com by 5.8% during the second quarter. Sei Investments Co. now owns 113,503 shares of the company’s stock worth $27,327,000 after purchasing an additional 6,172 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in monday.com by 84.4% during the second quarter. Thrivent Financial for Lutherans now owns 9,952 shares of the company’s stock worth $2,396,000 after purchasing an additional 4,555 shares in the last quarter. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

monday.com Company Profile

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.