monday.com (NASDAQ:MNDY) Given New $345.00 Price Target at Barclays

monday.com (NASDAQ:MNDY) had its price target cut by Barclays from $360.00 to $345.00 in a research note published on Tuesday, Marketbeat.com reports. They currently have an overweight rating on the stock.

A number of other research firms have also weighed in on MNDY. Wells Fargo & Company cut their price objective on shares of monday.com from $380.00 to $310.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Piper Sandler raised their price target on shares of monday.com from $305.00 to $325.00 and gave the stock an “overweight” rating in a research note on Monday. Jefferies Financial Group decreased their price target on shares of monday.com from $400.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Loop Capital reduced their target price on shares of monday.com from $385.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Canaccord Genuity Group dropped their price target on shares of monday.com from $375.00 to $350.00 and set a “buy” rating for the company in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $346.50.

monday.com Stock Performance

NASDAQ:MNDY opened at $292.97 on Tuesday. The firm has a market cap of $14.87 billion, a P/E ratio of 488.28, a P/E/G ratio of 16.53 and a beta of 1.32. The firm has a 50-day simple moving average of $258.41 and a 200-day simple moving average of $265.46. monday.com has a one year low of $188.01 and a one year high of $342.64.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.70 by $0.40. monday.com had a net margin of 3.33% and a return on equity of 6.22%. The firm had revenue of $282.25 million during the quarter, compared to analyst estimates of $275.93 million. During the same quarter in the previous year, the business posted $0.61 EPS. monday.com’s revenue was up 30.2% on a year-over-year basis. On average, research analysts predict that monday.com will post 0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Spire Wealth Management boosted its holdings in shares of monday.com by 7.9% in the 1st quarter. Spire Wealth Management now owns 572 shares of the company’s stock valued at $139,000 after buying an additional 42 shares in the last quarter. Clearbridge Investments LLC boosted its stake in monday.com by 0.3% during the 4th quarter. Clearbridge Investments LLC now owns 13,501 shares of the company’s stock worth $3,179,000 after purchasing an additional 44 shares during the period. Farther Finance Advisors LLC raised its position in monday.com by 32.7% during the 1st quarter. Farther Finance Advisors LLC now owns 211 shares of the company’s stock worth $55,000 after buying an additional 52 shares during the last quarter. Prudential Financial Inc. raised its position in monday.com by 1.3% during the 4th quarter. Prudential Financial Inc. now owns 4,122 shares of the company’s stock worth $970,000 after buying an additional 53 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. raised its position in monday.com by 6.1% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 950 shares of the company’s stock worth $231,000 after buying an additional 55 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.