Jefferies Financial Group Cuts monday.com (NASDAQ:MNDY) Price Target to $360.00

monday.com (NASDAQ:MNDY) had its price target cut by Jefferies Financial Group from $400.00 to $360.00 in a research note published on Monday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms also recently weighed in on MNDY. Scotiabank dropped their target price on monday.com from $400.00 to $315.00 and set a “sector outperform” rating for the company in a report on Monday, March 17th. Piper Sandler lifted their price target on shares of monday.com from $345.00 to $385.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. William Blair reissued an “outperform” rating on shares of monday.com in a research report on Wednesday, December 18th. Citigroup raised monday.com from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $302.00 to $298.00 in a report on Thursday, January 16th. Finally, Wells Fargo & Company increased their target price on monday.com from $340.00 to $380.00 and gave the stock an “overweight” rating in a 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’s stock. According to MarketBeat, monday.com currently has an average rating of “Moderate Buy” and an average price target of $352.64.

monday.com Trading Up 1.7 %

MNDY stock opened at $266.60 on Monday. monday.com has a 1-year low of $174.75 and a 1-year high of $342.64. The business’s 50 day simple moving average is $273.56 and its 200 day simple moving average is $270.34. The firm has a market capitalization of $13.54 billion, a PE ratio of 444.33, a PEG ratio of 16.53 and a beta of 1.27.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing the consensus estimate 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, sell-side analysts predict that monday.com will post 0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On monday.com

Several hedge funds have recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in shares of monday.com by 78.7% during the fourth quarter. FMR LLC now owns 2,701,952 shares of the company’s stock worth $636,147,000 after purchasing an additional 1,189,858 shares during the period. Norges Bank bought a new stake in shares of monday.com in the 4th quarter valued at about $116,686,000. T. Rowe Price Investment Management Inc. acquired a new stake in shares of monday.com in the fourth quarter valued at about $109,605,000. SG Americas Securities LLC raised its position in shares of monday.com by 1,024.7% during the fourth quarter. SG Americas Securities LLC now owns 476,392 shares of the company’s stock worth $112,162,000 after acquiring an additional 434,035 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of monday.com by 264.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company’s stock worth $126,407,000 after acquiring an additional 403,255 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.

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.