Jefferies Financial Group Cuts monday.com (NASDAQ:MNDY) Price Target to $300.00

monday.com (NASDAQ:MNDY) had its price target decreased by Jefferies Financial Group from $350.00 to $300.00 in a report released on Tuesday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other analysts have also weighed in on MNDY. Robert W. Baird boosted their target price on shares of monday.com from $270.00 to $275.00 and gave the company a “neutral” rating in a research note on Tuesday. Piper Sandler lowered their price objective on shares of monday.com from $350.00 to $345.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Oppenheimer raised their target price on shares of monday.com from $275.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Scotiabank dropped their price target on monday.com from $325.00 to $300.00 and set a “sector outperform” rating on the stock in a research report on Thursday, January 16th. Finally, Canaccord Genuity Group boosted their price objective on monday.com from $295.00 to $310.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Five research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $310.68.

monday.com Stock Performance

Shares of MNDY stock opened at $248.90 on Tuesday. The stock has a market capitalization of $12.02 billion, a price-to-earnings ratio of 607.07, a PEG ratio of 6.13 and a beta of 1.30. monday.com has a one year low of $174.75 and a one year high of $324.99. The company’s 50-day simple moving average is $254.39 and its 200-day simple moving average is $259.51.

monday.com (NASDAQ:MNDY) last released its earnings results on Monday, November 11th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.24. The company had revenue of $251.00 million for the quarter, compared to the consensus estimate of $246.17 million. monday.com had a return on equity of 4.99% and a net margin of 2.39%. monday.com’s quarterly revenue was up 49.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 EPS. As a group, research analysts forecast that monday.com will post 0.85 EPS for the current year.

Hedge Funds Weigh In On monday.com

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. R Squared Ltd purchased a new stake in monday.com during the fourth quarter valued at about $33,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of monday.com during the third quarter valued at approximately $43,000. Toronto Dominion Bank purchased a new stake in shares of monday.com in the 2nd quarter valued at approximately $120,000. Vestcor Inc boosted its stake in monday.com by 31.4% in the 3rd quarter. Vestcor Inc now owns 519 shares of the company’s stock worth $144,000 after purchasing an additional 124 shares during the period. Finally, Larson Financial Group LLC grew its position in monday.com by 645.7% during the 3rd quarter. Larson Financial Group LLC now owns 604 shares of the company’s stock worth $168,000 after purchasing an additional 523 shares in 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.