Piper Sandler Cuts monday.com (NASDAQ:MNDY) Price Target to $345.00

monday.com (NASDAQ:MNDY) had its target price trimmed by Piper Sandler from $350.00 to $345.00 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other equities analysts have also commented on MNDY. Citigroup decreased their price target on shares of monday.com from $338.00 to $302.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Loop Capital decreased their target price on monday.com from $310.00 to $300.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. Barclays increased their price target on monday.com from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. William Blair restated an “outperform” rating on shares of monday.com in a report on Wednesday, December 18th. Finally, Oppenheimer increased their target price on shares of monday.com from $275.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Six research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, monday.com currently has a consensus rating of “Moderate Buy” and an average price target of $312.85.

monday.com Stock Up 0.9 %

MNDY opened at $227.38 on Monday. The business has a fifty day moving average of $267.00 and a 200 day moving average of $259.76. The stock has a market cap of $10.98 billion, a P/E ratio of 554.59, a PEG ratio of 7.61 and a beta of 1.30. monday.com has a 52-week low of $174.75 and a 52-week high of $324.99.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.24. The firm had revenue of $251.00 million during the quarter, compared to analyst estimates of $246.17 million. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The business’s revenue was up 49.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 earnings per share. Equities analysts anticipate that monday.com will post 0.85 EPS for the current fiscal year.

Institutional Trading of monday.com

Institutional investors have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV increased its stake in monday.com by 4.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,124 shares of the company’s stock valued at $271,000 after purchasing an additional 47 shares in the last quarter. Avior Wealth Management LLC grew its holdings in shares of monday.com by 2.6% during the third quarter. Avior Wealth Management LLC now owns 2,611 shares of the company’s stock valued at $725,000 after buying an additional 67 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of monday.com by 4.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,065 shares of the company’s stock valued at $497,000 after acquiring an additional 91 shares during the period. Northwest & Ethical Investments L.P. raised its stake in monday.com by 18.2% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 650 shares of the company’s stock worth $181,000 after acquiring an additional 100 shares during the last quarter. Finally, Vestcor Inc lifted its position in monday.com by 31.4% during the 3rd quarter. Vestcor Inc now owns 519 shares of the company’s stock worth $144,000 after acquiring an additional 124 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.

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.