monday.com (NASDAQ:MNDY) Price Target Cut to $300.00 by Analysts at Loop Capital

monday.com (NASDAQ:MNDY) had its price target trimmed by Loop Capital from $310.00 to $300.00 in a research report released on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

MNDY has been the subject of a number of other reports. Capital One Financial assumed coverage on shares of monday.com in a research report on Thursday, October 10th. They set an “overweight” rating and a $325.00 price objective for the company. Piper Sandler restated an “overweight” rating and issued a $350.00 price target on shares of monday.com in a research note on Wednesday, December 18th. Citigroup decreased their price objective on monday.com from $338.00 to $302.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. TD Cowen lifted their target price on monday.com from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, Canaccord Genuity Group upped their price target on shares of monday.com from $295.00 to $310.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $309.14.

monday.com Trading Down 4.4 %

NASDAQ MNDY opened at $231.85 on Monday. The firm has a market capitalization of $11.19 billion, a P/E ratio of 565.49, a price-to-earnings-growth ratio of 7.61 and a beta of 1.25. The firm’s fifty day moving average price is $282.23 and its two-hundred day moving average price is $259.27. monday.com has a 1 year low of $170.00 and a 1 year high of $324.99.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.24. The company had revenue of $251.00 million for the quarter, compared to analysts’ expectations of $246.17 million. monday.com had a net margin of 2.39% and a return on equity of 4.99%. monday.com’s quarterly revenue was up 49.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 EPS. On average, research analysts anticipate that monday.com will post 0.85 EPS for the current fiscal year.

Hedge Funds Weigh In On monday.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its position in monday.com by 35.8% during the 3rd quarter. Principal Financial Group Inc. now owns 53,306 shares of the company’s stock worth $14,807,000 after acquiring an additional 14,059 shares during the last quarter. American Trust acquired a new stake in shares of monday.com during the third quarter valued at about $204,000. Wilmington Savings Fund Society FSB bought a new stake in shares of monday.com during the third quarter worth about $469,000. Geode Capital Management LLC increased its stake in shares of monday.com by 4.1% in the third quarter. Geode Capital Management LLC now owns 330,777 shares of the company’s stock valued at $91,447,000 after buying an additional 12,968 shares during the period. Finally, Vestcor Inc raised its holdings in monday.com by 31.4% in the 3rd quarter. Vestcor Inc now owns 519 shares of the company’s stock valued at $144,000 after buying an additional 124 shares during the last quarter. Institutional investors 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.