monday.com (NASDAQ:MNDY) Price Target Cut to $375.00 by Analysts at Loop Capital

monday.com (NASDAQ:MNDY) had its target price lowered by Loop Capital from $385.00 to $375.00 in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also recently weighed in on MNDY. Tigress Financial upped their price objective on shares of monday.com from $340.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Cantor Fitzgerald upped their price objective on shares of monday.com from $292.00 to $380.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. decreased their price objective on shares of monday.com from $400.00 to $350.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 6th. Barclays upped their price objective on shares of monday.com from $325.00 to $360.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Finally, DA Davidson decreased their price objective on shares of monday.com from $350.00 to $290.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Three analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $346.50.

monday.com Stock Up 4.1%

NASDAQ:MNDY opened at $290.49 on Tuesday. monday.com has a 12-month low of $181.00 and a 12-month high of $342.64. The firm has a market capitalization of $14.75 billion, a PE ratio of 484.15, a price-to-earnings-growth ratio of 16.53 and a beta of 1.32. The firm has a 50-day moving average price of $256.40 and a 200 day moving average price of $265.30.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings results on Monday, May 12th. The company reported $1.10 earnings per share (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 prior year, the business posted $0.61 earnings per share. The company’s quarterly revenue was up 30.2% compared to the same quarter last year. On average, research analysts expect that monday.com will post 0.46 EPS for the current year.

Institutional Investors Weigh In On monday.com

Several large investors have recently modified their holdings of MNDY. FMR LLC increased its holdings in shares of monday.com by 78.7% in the fourth quarter. FMR LLC now owns 2,701,952 shares of the company’s stock worth $636,147,000 after acquiring an additional 1,189,858 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of monday.com by 102.5% in the first quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company’s stock worth $408,999,000 after acquiring an additional 851,231 shares in the last quarter. Rubicon Global Capital Ltd bought a new stake in shares of monday.com in the first quarter worth about $137,434,000. Norges Bank bought a new stake in shares of monday.com in the fourth quarter worth about $116,686,000. Finally, T. Rowe Price Investment Management Inc. bought a new stake in shares of monday.com in the fourth quarter worth about $109,605,000. 73.70% of the stock is currently owned by institutional investors.

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.