monday.com (NASDAQ:MNDY) Given New $300.00 Price Target at Piper Sandler

monday.com (NASDAQ:MNDY) had its price objective trimmed by Piper Sandler from $325.00 to $300.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other research analysts also recently weighed in on the stock. Baird R W upgraded shares of monday.com from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. Scotiabank upped 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. UBS Group reduced their price target on shares of monday.com from $350.00 to $310.00 and set a “neutral” rating for the company in a research report on Tuesday, April 29th. DA Davidson reduced their price target on shares of monday.com from $350.00 to $290.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, Wall Street Zen downgraded shares of monday.com from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Two analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, monday.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $311.09.

monday.com Stock Performance

Shares of monday.com stock opened at $172.15 on Tuesday. The firm has a 50-day simple moving average of $284.40 and a two-hundred day simple moving average of $276.13. The company has a market cap of $8.74 billion, a P/E ratio of 232.64, a price-to-earnings-growth ratio of 63.01 and a beta of 1.27. monday.com has a fifty-two week low of $171.54 and a fifty-two week high of $342.64.

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

Institutional Trading of monday.com

Several hedge funds have recently made changes to their positions in the company. Prudential Financial Inc. grew its stake in shares of monday.com by 251.1% in the 2nd quarter. Prudential Financial Inc. now owns 6,628 shares of the company’s stock valued at $2,084,000 after buying an additional 4,740 shares during the period. Coldstream Capital Management Inc. grew its stake in shares of monday.com by 45.7% in the 2nd quarter. Coldstream Capital Management Inc. now owns 2,307 shares of the company’s stock valued at $726,000 after buying an additional 724 shares during the period. Left Brain Wealth Management LLC grew its stake in shares of monday.com by 64.8% in the 2nd quarter. Left Brain Wealth Management LLC now owns 1,870 shares of the company’s stock valued at $588,000 after buying an additional 735 shares during the period. American Century Companies Inc. grew its stake in shares of monday.com by 75.3% in the 2nd quarter. American Century Companies Inc. now owns 4,192 shares of the company’s stock valued at $1,318,000 after buying an additional 1,801 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of monday.com by 4.5% in the 2nd quarter. Rhumbline Advisers now owns 11,734 shares of the company’s stock valued at $3,690,000 after buying an additional 502 shares during the period. Hedge funds and other 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.