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

monday.com (NASDAQ:MNDY) had its price objective decreased by analysts at Jefferies Financial Group from $350.00 to $300.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 23.94% from the stock’s previous close.

Other analysts have also issued reports about the stock. Oppenheimer upped their price target on shares of monday.com from $275.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Robert W. Baird increased their price target on monday.com from $270.00 to $275.00 and gave the company a “neutral” rating in a research note on Tuesday. Canaccord Genuity Group boosted their price objective on monday.com from $295.00 to $310.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Capital One Financial began coverage on monday.com in a research note on Thursday, October 10th. They set an “overweight” rating and a $325.00 target price for the company. Finally, Cantor Fitzgerald began coverage on shares of monday.com in a research report on Friday. They issued an “overweight” rating and a $292.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $310.23.

monday.com Price Performance

Shares of MNDY stock opened at $242.05 on Tuesday. monday.com has a 12-month low of $174.75 and a 12-month high of $324.99. The firm has a market capitalization of $11.69 billion, a price-to-earnings ratio of 590.37, a price-to-earnings-growth ratio of 6.00 and a beta of 1.30. The business has a 50 day simple moving average of $255.36 and a 200 day simple moving average of $259.63.

monday.com (NASDAQ:MNDY) last released its quarterly 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 in the prior year, the business posted $0.15 earnings per share. The company’s revenue for the quarter was up 49.5% compared to the same quarter last year. On average, equities analysts anticipate that monday.com will post 0.85 EPS for the current fiscal year.

Institutional Investors Weigh In On monday.com

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

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.