monday.com (NASDAQ:MNDY) Trading Down 6.1% – Should You Sell?

monday.com Ltd. (NASDAQ:MNDY)’s share price traded down 6.1% during trading on Thursday . The stock traded as low as $236.00 and last traded at $234.78. 74,717 shares were traded during mid-day trading, a decline of 90% from the average session volume of 759,836 shares. The stock had previously closed at $250.00.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. The Goldman Sachs Group boosted their price objective on monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. DA Davidson boosted their price objective on monday.com from $300.00 to $350.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. KeyCorp upgraded monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price objective on the stock in a research report on Tuesday, February 11th. Piper Sandler boosted their price objective on monday.com from $345.00 to $385.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Finally, Cantor Fitzgerald boosted their price objective on monday.com from $292.00 to $380.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $358.32.

monday.com Price Performance

The stock has a market cap of $12.35 billion, a PE ratio of 426.45, a price-to-earnings-growth ratio of 16.53 and a beta of 1.27. The business has a fifty day moving average of $265.97 and a 200-day moving average of $269.47.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) 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%. As a group, equities research analysts predict that monday.com Ltd. will post 0.46 EPS for the current year.

Institutional Trading of monday.com

Hedge funds have recently bought and sold shares of the stock. Stonebridge Financial Group LLC purchased a new stake in monday.com during the fourth quarter worth $25,000. Arcadia Investment Management Corp MI purchased a new stake in monday.com during the fourth quarter worth $28,000. R Squared Ltd purchased a new stake in monday.com during the fourth quarter worth $33,000. Signaturefd LLC lifted its holdings in monday.com by 157.1% during the fourth quarter. Signaturefd LLC now owns 144 shares of the company’s stock worth $34,000 after buying an additional 88 shares during the period. Finally, Global Retirement Partners LLC lifted its holdings in monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock worth $35,000 after buying an additional 59 shares during the period. Hedge funds and other institutional investors own 73.70% of the company’s stock.

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.