Barclays cut shares of monday.com (NASDAQ:MNDY – Free Report) from an overweight rating to an equal weight rating in a research note published on Monday morning, MarketBeat Ratings reports. The brokerage currently has $100.00 price objective on the stock.
Other equities analysts have also issued reports about the stock. Capital One Financial lowered shares of monday.com from an “overweight” rating to an “equal weight” rating and set a $95.00 price target on the stock. in a research note on Monday, August 10th. Citigroup reduced their price objective on shares of monday.com from $154.00 to $132.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Zacks Research upgraded shares of monday.com from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 12th. TD Cowen restated a “buy” rating and issued a $110.00 target price on shares of monday.com in a report on Tuesday, August 11th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of monday.com in a research report on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $111.70.
Check Out Our Latest Stock Analysis on MNDY
monday.com Stock Performance
monday.com (NASDAQ:MNDY – Get Free Report) last issued its earnings results on Monday, August 10th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.37. The business had revenue of $364.62 million for the quarter, compared to analyst estimates of $355.55 million. monday.com had a return on equity of 9.09% and a net margin of 8.87%. The business’s quarterly revenue was up 21.9% on a year-over-year basis. During the same quarter last year, the company earned $1.09 EPS. As a group, analysts predict that monday.com will post 2.34 earnings per share for the current fiscal year.
Institutional Trading of monday.com
A number of large investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its holdings in shares of monday.com by 60.2% in the second quarter. Sequoia Financial Advisors LLC now owns 6,312 shares of the company’s stock valued at $457,000 after acquiring an additional 2,373 shares during the period. Engineers Gate Manager LP grew its position in shares of monday.com by 29.5% during the second quarter. Engineers Gate Manager LP now owns 38,981 shares of the company’s stock worth $2,822,000 after acquiring an additional 8,891 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of monday.com during the second quarter worth approximately $5,098,000. Public Employees Retirement System of Ohio acquired a new position in shares of monday.com in the 2nd quarter valued at $970,000. Finally, Plato Investment Management Ltd acquired a new position in shares of monday.com in the 2nd quarter valued at $432,000. 73.70% of the stock is owned by institutional investors and hedge funds.
monday.com Company Profile
monday.com Ltd. develops cloud-based software designed to help organizations plan, manage and track work. Its platform provides customizable workflows, visual boards, dashboards, automations and collaboration tools that teams can use to coordinate projects, processes and day-to-day operations.
The company offers a portfolio of products built on its Work Operating System, including monday work management for project and task coordination, monday CRM for sales and customer-management activities, monday dev for software-development teams and monday service for service-management workflows.
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