monday.com (NASDAQ:MNDY) Given New $300.00 Price Target at Jefferies Financial Group

monday.com (NASDAQ:MNDY) had its price target reduced by Jefferies Financial Group from $350.00 to $300.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also weighed in on the company. Barclays upped their target price on monday.com from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. DA Davidson restated a “neutral” rating and issued a $300.00 price objective on shares of monday.com in a report on Tuesday, November 12th. Oppenheimer lifted their target price on shares of monday.com from $275.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Canaccord Genuity Group increased their price target on shares of monday.com from $295.00 to $310.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, Robert W. Baird lifted their price objective on shares of monday.com from $270.00 to $275.00 and gave the company a “neutral” rating in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $310.68.

monday.com Price Performance

NASDAQ MNDY opened at $248.90 on Tuesday. The company has a 50 day simple moving average of $254.39 and a 200-day simple moving average of $259.51. monday.com has a 52-week low of $174.75 and a 52-week high of $324.99. The firm has a market capitalization of $12.02 billion, a price-to-earnings ratio of 607.07, a price-to-earnings-growth ratio of 6.13 and a beta of 1.30.

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. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The company had revenue of $251.00 million during the quarter, compared to analyst estimates of $246.17 million. During the same quarter last year, the business posted $0.15 EPS. The company’s revenue for the quarter was up 49.5% on a year-over-year basis. On average, analysts predict that monday.com will post 0.85 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. R Squared Ltd acquired a new stake in monday.com during the fourth quarter worth about $33,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in monday.com in the 3rd quarter valued at approximately $43,000. Toronto Dominion Bank bought a new stake in shares of monday.com in the 2nd quarter worth approximately $120,000. Vestcor Inc increased its position in shares of monday.com by 31.4% during the third quarter. Vestcor Inc now owns 519 shares of the company’s stock valued at $144,000 after purchasing an additional 124 shares during the period. Finally, Larson Financial Group LLC increased its position in shares of monday.com by 645.7% during the third quarter. Larson Financial Group LLC now owns 604 shares of the company’s stock valued at $168,000 after purchasing an additional 523 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

About monday.com

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.