UBS Group Cuts monday.com (NASDAQ:MNDY) Price Target to $310.00

monday.com (NASDAQ:MNDY) had its price objective trimmed by UBS Group from $350.00 to $310.00 in a report published on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities analysts also recently commented on MNDY. Citigroup upgraded shares of monday.com from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $302.00 to $298.00 in a research report on Thursday, January 16th. Canaccord Genuity Group raised their price objective on monday.com from $310.00 to $375.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. KeyCorp upgraded monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 target price on the stock in a research report on Tuesday, February 11th. Needham & Company LLC raised their price target on monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a report on Monday, February 10th. Finally, Robert W. Baird lifted their price objective on monday.com from $275.00 to $335.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, monday.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $344.45.

monday.com Stock Performance

Shares of monday.com stock opened at $277.13 on Tuesday. monday.com has a fifty-two week low of $179.02 and a fifty-two week high of $342.64. The company has a market capitalization of $14.07 billion, a P/E ratio of 461.88, a P/E/G ratio of 16.53 and a beta of 1.34. The company has a fifty day moving average of $257.43 and a 200 day moving average of $266.00.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. Analysts forecast that monday.com will post 0.46 EPS for the current year.

Institutional Investors Weigh In On monday.com

Several hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC boosted its stake in shares of monday.com by 78.7% during the fourth quarter. FMR LLC now owns 2,701,952 shares of the company’s stock valued at $636,147,000 after purchasing an additional 1,189,858 shares during the period. Rubicon Global Capital Ltd bought a new stake in monday.com during the 1st quarter valued at about $137,434,000. Norges Bank bought a new stake in monday.com during the 4th quarter valued at about $116,686,000. T. Rowe Price Investment Management Inc. purchased a new stake in monday.com in the 4th quarter valued at about $109,605,000. Finally, SG Americas Securities LLC grew its stake in monday.com by 1,024.7% in the 4th quarter. SG Americas Securities LLC now owns 476,392 shares of the company’s stock worth $112,162,000 after acquiring an additional 434,035 shares in the last quarter. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

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.