monday.com (NASDAQ:MNDY) Price Target Lowered to $300.00 at Loop Capital

monday.com (NASDAQ:MNDY) had its price target decreased by Loop Capital from $310.00 to $300.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Loop Capital’s price objective suggests a potential upside of 23.38% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the company. Oppenheimer upped their price target on monday.com from $275.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Piper Sandler restated an “overweight” rating and set a $350.00 target price on shares of monday.com in a report on Wednesday, December 18th. Canaccord Genuity Group lifted their price target on shares of monday.com from $295.00 to $310.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Wells Fargo & Company increased their price objective 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. Finally, William Blair reaffirmed an “outperform” rating on shares of monday.com in a research report on Wednesday, December 18th. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $309.14.

monday.com Stock Performance

Shares of MNDY opened at $243.15 on Monday. The firm’s 50 day moving average price is $282.23 and its two-hundred day moving average price is $258.96. monday.com has a twelve month low of $170.00 and a twelve month high of $324.99. The firm has a market cap of $11.74 billion, a P/E ratio of 593.05, a PEG ratio of 7.61 and a beta of 1.25.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, November 11th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.24. The firm had revenue of $251.00 million during the quarter, compared to analyst estimates of $246.17 million. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The company’s revenue for the quarter was up 49.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 EPS. On average, sell-side analysts anticipate that monday.com will post 0.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On monday.com

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in monday.com in the third quarter valued at approximately $43,000. Ridgewood Investments LLC bought a new position in shares of monday.com in the 2nd quarter valued at $45,000. Toronto Dominion Bank acquired a new position in monday.com in the 2nd quarter worth about $120,000. Vestcor Inc raised its position in monday.com by 31.4% in the third quarter. Vestcor Inc now owns 519 shares of the company’s stock valued at $144,000 after purchasing an additional 124 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of monday.com by 645.7% in the third quarter. Larson Financial Group LLC now owns 604 shares of the company’s stock valued at $168,000 after buying an additional 523 shares during the period. 73.70% of the stock is owned by 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.