monday.com (NASDAQ:MNDY) Price Target Cut to $326.00 by Analysts at Citigroup

monday.com (NASDAQ:MNDY) had its price objective trimmed by Citigroup from $381.00 to $326.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts also recently commented on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $330.00 price objective (down from $360.00) on shares of monday.com in a research note on Monday. Morgan Stanley assumed coverage on shares of monday.com in a research note on Tuesday, June 17th. They set an “equal weight” rating and a $330.00 price objective on the stock. Oppenheimer reiterated an “outperform” rating and set a $300.00 price objective on shares of monday.com in a research note on Monday. Scotiabank increased their price objective on shares of monday.com from $315.00 to $330.00 and gave the company a “sector outperform” rating in a research note on Friday, May 2nd. Finally, 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. Two investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $311.09.

monday.com Trading Down 1.1%

Shares of MNDY stock opened at $172.15 on Tuesday. The company has a market capitalization of $8.74 billion, a PE ratio of 232.64, a price-to-earnings-growth ratio of 63.01 and a beta of 1.27. The firm has a fifty day simple moving average of $284.40 and a 200-day simple moving average of $276.13. monday.com has a twelve month low of $171.54 and a twelve month high of $342.64.

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. Equities research analysts predict that monday.com will post 0.46 EPS for the current year.

Institutional Trading of monday.com

A number of large investors have recently modified their holdings of MNDY. ASR Vermogensbeheer N.V. acquired a new position in monday.com during the 1st quarter valued at about $25,000. Summit Securities Group LLC acquired a new position in monday.com during the 1st quarter valued at about $25,000. NewEdge Advisors LLC increased its stake in monday.com by 2,120.0% during the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after buying an additional 106 shares during the period. Grove Bank & Trust acquired a new position in monday.com during the 1st quarter valued at about $30,000. Finally, Hazlett Burt & Watson Inc. increased its stake in monday.com by 60.0% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock valued at $50,000 after buying an additional 60 shares during the period. 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.