Scotiabank Cuts monday.com (NASDAQ:MNDY) Price Target to $315.00

monday.com (NASDAQ:MNDY) had its price objective reduced by Scotiabank from $400.00 to $315.00 in a research report released on Monday morning,Benzinga reports. They currently have a sector outperform rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Robert W. Baird lifted their price objective on shares of monday.com from $275.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Jefferies Financial Group lifted their target price on monday.com from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Wells Fargo & Company lifted their target price on monday.com from $340.00 to $380.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Citigroup raised monday.com from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $302.00 to $298.00 in a report on Thursday, January 16th. Finally, DA Davidson raised monday.com from a “neutral” rating to a “buy” rating and set a $350.00 target price on the stock in a report on Monday. Three investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $354.45.

monday.com Stock Up 2.1 %

Shares of NASDAQ MNDY opened at $262.68 on Monday. monday.com has a fifty-two week low of $174.75 and a fifty-two week high of $342.64. The firm’s 50-day simple moving average is $267.89 and its 200 day simple moving average is $269.54. The stock has a market cap of $12.68 billion, a P/E ratio of 437.80, a P/E/G ratio of 16.53 and a beta of 1.27.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. On average, sell-side analysts anticipate that monday.com will post 0.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On monday.com

Institutional investors and hedge funds have recently bought and sold shares of the business. Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of monday.com during the 4th quarter valued at about $1,905,000. Employees Retirement System of Texas acquired a new stake in shares of monday.com during the 4th quarter valued at about $187,000. Polar Asset Management Partners Inc. acquired a new stake in shares of monday.com during the 4th quarter valued at about $9,629,000. Mackenzie Financial Corp lifted its holdings in shares of monday.com by 18.2% during the 4th quarter. Mackenzie Financial Corp now owns 2,430 shares of the company’s stock valued at $572,000 after buying an additional 374 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of monday.com by 12.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 117,436 shares of the company’s stock valued at $27,649,000 after buying an additional 12,999 shares during the last quarter. Hedge funds and other institutional investors 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.