monday.com (NASDAQ:MNDY) Stock Rating Lowered by Barclays

monday.com (NASDAQ:MNDY) was downgraded by equities researchers at Barclays from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Monday, MarketBeat.com reports. They presently have a $100.00 price target on the stock. Barclays‘s target price would suggest a potential upside of 17.41% from the stock’s previous close.

A number of other brokerages have also recently weighed in on MNDY. TD Cowen reissued a “buy” rating and set a $110.00 target price on shares of monday.com in a report on Tuesday, August 11th. Cantor Fitzgerald cut shares of monday.com from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $112.00 to $90.00 in a report on Monday, August 10th. Zacks Research raised shares of monday.com from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 12th. Wall Street Zen raised shares of monday.com from a “hold” rating to a “buy” rating in a report on Monday, October 5th. Finally, UBS Group increased their target price on shares of monday.com from $85.00 to $95.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, monday.com presently has an average rating of “Moderate Buy” and a consensus target price of $111.70.

monday.com Stock Up 0.5%

Shares of NASDAQ:MNDY traded up $0.41 on Monday, reaching $85.17. 534,038 shares of the company’s stock were exchanged, compared to its average volume of 1,808,059. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 36.29, a PEG ratio of 2.01 and a beta of 1.14. monday.com has a fifty-two week low of $57.50 and a fifty-two week high of $210.49. The business’s 50-day moving average is $88.74 and its two-hundred day moving average is $79.90.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, August 10th. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.37. The company had revenue of $364.62 million for the quarter, compared to analysts’ expectations of $355.55 million. monday.com had a net margin of 8.87% and a return on equity of 9.09%. The firm’s revenue was up 21.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 earnings per share. Analysts predict that monday.com will post 2.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On monday.com

Institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in monday.com by 498.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 425 shares of the company’s stock valued at $29,000 after buying an additional 354 shares in the last quarter. Evanson Financial LLC bought a new position in monday.com in the 2nd quarter valued at about $219,000. State of Wyoming grew its position in monday.com by 96.6% in the 1st quarter. State of Wyoming now owns 3,497 shares of the company’s stock valued at $242,000 after buying an additional 1,718 shares in the last quarter. Fulton Bank N.A. grew its position in monday.com by 5.1% in the 2nd quarter. Fulton Bank N.A. now owns 3,339 shares of the company’s stock valued at $242,000 after buying an additional 162 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in monday.com in the 1st quarter valued at about $272,000. Institutional investors own 73.70% of the company’s stock.

monday.com Company Profile

monday.com Ltd. develops cloud-based software designed to help organizations plan, manage and track work. Its platform provides customizable workflows, visual boards, dashboards, automations and collaboration tools that teams can use to coordinate projects, processes and day-to-day operations.

The company offers a portfolio of products built on its Work Operating System, including monday work management for project and task coordination, monday CRM for sales and customer-management activities, monday dev for software-development teams and monday service for service-management workflows.