BTIG Research Cuts monday.com (NASDAQ:MNDY) Price Target to $105.00

monday.com (NASDAQ:MNDY) had its price objective trimmed by BTIG Research from $115.00 to $105.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also issued reports on the company. Canaccord Genuity Group lowered their target price on monday.com from $140.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Piper Sandler increased their price target on monday.com from $85.00 to $90.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Citigroup lowered their price objective on monday.com from $176.00 to $154.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Zacks Research lowered monday.com from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Oppenheimer set a $115.00 target price on shares of monday.com in a research report on Monday, May 11th. Seventeen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, monday.com has an average rating of “Moderate Buy” and an average price target of $126.04.

monday.com Trading Down 2.1%

NASDAQ:MNDY opened at $79.03 on Tuesday. The stock’s 50-day moving average is $78.21 and its 200-day moving average is $86.13. monday.com has a 1-year low of $57.50 and a 1-year high of $296.93. The stock has a market cap of $4.04 billion, a P/E ratio of 34.36, a price-to-earnings-growth ratio of 4.04 and a beta of 1.26.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Friday, March 13th. The company reported $1.15 earnings per share (EPS) for the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. The business had revenue of $351.26 million during the quarter. As a group, equities analysts forecast that monday.com will post 1.59 EPS for the current year.

Institutional Investors Weigh In On monday.com

A number of large investors have recently bought and sold shares of the stock. AMS Capital Ltda acquired a new position in monday.com during the 4th quarter worth approximately $4,055,000. SG Americas Securities LLC grew its holdings in shares of monday.com by 110.9% during the fourth quarter. SG Americas Securities LLC now owns 932,912 shares of the company’s stock valued at $137,660,000 after buying an additional 490,491 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in monday.com by 75.9% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 139,009 shares of the company’s stock valued at $20,512,000 after purchasing an additional 60,000 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of monday.com in the fourth quarter valued at approximately $6,200,000. Finally, NewEdge Wealth LLC bought a new position in shares of monday.com in the fourth quarter valued at approximately $5,635,000. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Company Profile

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.