UBS Group Lowers monday.com (NASDAQ:MNDY) Price Target to $215.00

monday.com (NASDAQ:MNDY) had its target price lowered by UBS Group from $310.00 to $215.00 in a research report released on Tuesday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research firms also recently issued reports on MNDY. JPMorgan Chase & Co. reduced their price target on shares of monday.com from $400.00 to $350.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 6th. Morgan Stanley upgraded shares of monday.com from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $330.00 to $260.00 in a research report on Tuesday. Scotiabank raised their price target on shares of monday.com from $315.00 to $330.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 2nd. DA Davidson reduced their price target on shares of monday.com from $350.00 to $290.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Wells Fargo & Company set a $365.00 price objective on shares of monday.com and gave the stock an “overweight” rating in a report on Friday, June 13th. Two equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, monday.com currently has a consensus rating of “Moderate Buy” and an average price target of $311.09.

monday.com Price Performance

NASDAQ MNDY opened at $172.15 on Tuesday. monday.com has a 12 month low of $171.54 and a 12 month high of $342.64. The company has a market capitalization of $8.74 billion, a price-to-earnings ratio of 232.64, a price-to-earnings-growth ratio of 63.01 and a beta of 1.27. The company’s fifty day moving average price is $284.40 and its two-hundred day moving average price is $276.13.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, August 11th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.25. monday.com had a net margin of 3.63% and a return on equity of 6.56%. The firm had revenue of $299.01 million for the quarter, compared to the consensus estimate of $293.60 million. During the same period in the prior year, the firm posted $0.94 EPS. The firm’s revenue was up 26.6% compared to the same quarter last year. As a group, analysts anticipate that monday.com will post 0.46 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. ASR Vermogensbeheer N.V. acquired a new position in shares of monday.com in the first quarter worth about $25,000. Summit Securities Group LLC acquired a new position in shares of monday.com in the first quarter worth about $25,000. NewEdge Advisors LLC boosted its holdings in shares of monday.com by 2,120.0% in the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after buying an additional 106 shares during the period. Grove Bank & Trust acquired a new position in shares of monday.com in the first quarter worth about $30,000. Finally, First Horizon Advisors Inc. boosted its holdings in shares of monday.com by 72.9% in the first quarter. First Horizon Advisors Inc. now owns 166 shares of the company’s stock worth $40,000 after buying an additional 70 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.