Tigress Financial Cuts monday.com (NASDAQ:MNDY) Price Target to $165.00

monday.com (NASDAQ:MNDY) had its target price reduced by research analysts at Tigress Financial from $310.00 to $165.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Tigress Financial’s target price indicates a potential upside of 110.20% from the stock’s previous close.

MNDY has been the topic of several other research reports. Wall Street Zen upgraded monday.com from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of monday.com in a research note on Thursday, January 22nd. Guggenheim set a $130.00 target price on shares of monday.com and gave the stock a “buy” rating in a research note on Thursday, April 9th. Bank of America reduced their target price on shares of monday.com from $157.00 to $95.00 and set a “neutral” rating on the stock in a report on Tuesday, February 10th. Finally, Loop Capital set a $80.00 price target on shares of monday.com in a report on Tuesday, February 10th. 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $126.48.

monday.com Stock Up 2.9%

NASDAQ:MNDY traded up $2.24 on Friday, reaching $78.50. 238,153 shares of the company’s stock were exchanged, compared to its average volume of 2,194,304. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 34.12, a price-to-earnings-growth ratio of 3.43 and a beta of 1.17. The business has a fifty day moving average of $70.18 and a 200-day moving average of $108.03. monday.com has a 52-week low of $57.50 and a 52-week high of $316.98.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Friday, March 13th. The company reported $1.15 EPS for the quarter. The business had revenue of $351.27 million during the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. As a group, equities analysts anticipate that monday.com will post 1.83 earnings per share for the current year.

Institutional Investors Weigh In On monday.com

Several hedge funds and other institutional investors have recently bought and sold shares of MNDY. WCM Investment Management LLC increased its position in monday.com by 2.8% during the third quarter. WCM Investment Management LLC now owns 4,184,745 shares of the company’s stock worth $843,519,000 after buying an additional 115,353 shares during the period. Ibex Investors LLC purchased a new position in shares of monday.com during the third quarter worth approximately $34,864,000. Baillie Gifford & Co. increased its holdings in shares of monday.com by 136.5% in the 3rd quarter. Baillie Gifford & Co. now owns 708,278 shares of the company’s stock valued at $137,186,000 after acquiring an additional 408,848 shares during the period. TenCore Partners LP raised its position in monday.com by 42.2% in the 3rd quarter. TenCore Partners LP now owns 141,390 shares of the company’s stock valued at $27,386,000 after purchasing an additional 41,935 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in monday.com by 76.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 313,112 shares of the company’s stock worth $60,646,000 after purchasing an additional 135,797 shares during the period. 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.