monday.com Ltd. (NASDAQ:MNDY – Get Free Report)’s stock price dropped 6.1% during mid-day trading on Tuesday after BTIG Research lowered their price target on the stock from $115.00 to $105.00. BTIG Research currently has a buy rating on the stock. monday.com traded as low as $79.44 and last traded at $81.5470. Approximately 805,869 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 2,018,491 shares. The stock had previously closed at $86.84.
A number of other brokerages have also recently commented on MNDY. UBS Group reduced their price target on monday.com from $93.00 to $85.00 and set a “neutral” rating for the company in a research report on Tuesday, May 12th. Jefferies Financial Group reaffirmed a “hold” rating on shares of monday.com in a research report on Tuesday, May 12th. TD Cowen boosted their price objective on monday.com from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Piper Sandler increased their target price on shares of monday.com from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Finally, Oppenheimer set a $115.00 target price on shares of monday.com in a research note on Monday, May 11th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.04.
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monday.com Price Performance
The company has a market cap of $4.17 billion, a PE ratio of 35.41, a price-to-earnings-growth ratio of 4.13 and a beta of 1.26. The company has a 50-day moving average of $77.91 and a 200 day moving average of $87.51.
monday.com (NASDAQ:MNDY – Get Free Report) last posted its quarterly earnings data on Friday, March 13th. The company reported $1.15 EPS for the quarter. The company had revenue of $351.26 million during the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. Equities research analysts expect that monday.com Ltd. will post 1.59 EPS for the current year.
About monday.com
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.
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