monday.com (NASDAQ:MNDY) Price Target Lowered to $215.00 at UBS Group

monday.com (NASDAQ:MNDY) had its price target reduced by UBS Group from $310.00 to $215.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts also recently issued reports on the stock. Loop Capital reduced their price objective on shares of monday.com from $385.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, May 13th. Bank of America reduced their price objective on shares of monday.com from $340.00 to $240.00 and set a “buy” rating on the stock in a research note on Tuesday. Baird R W raised shares of monday.com from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. Scotiabank upped 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, Wells Fargo & Company set a $365.00 price target on shares of monday.com and gave the stock an “overweight” rating in a research report on Friday, June 13th. Two research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, monday.com has a consensus rating of “Moderate Buy” and a consensus price target of $311.09.

monday.com Trading Down 1.1%

Shares of MNDY opened at $172.15 on Tuesday. The stock has a market cap of $8.74 billion, a P/E ratio of 232.64, a PEG ratio of 63.01 and a beta of 1.27. The company has a 50-day moving average of $284.40 and a two-hundred day moving average of $276.13. monday.com has a 12-month low of $171.54 and a 12-month high of $342.64.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, August 11th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.25. The business had revenue of $299.01 million for 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 quarterly 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. As a group, analysts forecast that monday.com will post 0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. ASR Vermogensbeheer N.V. purchased a new position in shares of monday.com in the first quarter valued at $25,000. Summit Securities Group LLC purchased a new position in shares of monday.com in the first quarter valued at $25,000. NewEdge Advisors LLC boosted its stake in shares of monday.com by 2,120.0% in the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after purchasing an additional 106 shares during the period. Grove Bank & Trust bought a new position in monday.com during the 1st quarter valued at $30,000. Finally, First Horizon Advisors Inc. boosted its stake in monday.com by 72.9% during the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the company’s stock valued at $40,000 after acquiring an additional 70 shares during 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.