monday.com (NASDAQ:MNDY) Given New $315.00 Price Target at Scotiabank

monday.com (NASDAQ:MNDY) had its target price cut by Scotiabank from $400.00 to $315.00 in a research report report published on Monday morning,Benzinga reports. They currently have a sector outperform rating on the stock.

A number of other brokerages have also commented on MNDY. Tigress Financial upped their price target on monday.com from $340.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Canaccord Genuity Group upped their price target on monday.com from $310.00 to $375.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Jefferies Financial Group upped their price target on monday.com from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Robert W. Baird upped their price target on monday.com from $275.00 to $335.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Finally, Cantor Fitzgerald upped their price target on monday.com from $292.00 to $380.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, monday.com currently has an average rating of “Moderate Buy” and a consensus price target of $354.45.

monday.com Stock Performance

MNDY opened at $262.68 on Monday. The business has a 50 day moving average price of $267.89 and a 200 day moving average price of $269.54. monday.com has a twelve month low of $174.75 and a twelve month high of $342.64. The firm has a market cap of $12.68 billion, a P/E ratio of 437.80, a price-to-earnings-growth ratio of 16.53 and a beta of 1.27.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. As a group, analysts anticipate that monday.com will post 0.46 earnings per share for the current fiscal year.

Institutional Trading of monday.com

A number of large investors have recently bought and sold shares of the stock. Lansforsakringar Fondforvaltning AB publ bought a new stake in monday.com in the fourth quarter valued at $1,905,000. Employees Retirement System of Texas bought a new stake in monday.com in the fourth quarter valued at $187,000. Polar Asset Management Partners Inc. bought a new stake in monday.com in the fourth quarter valued at $9,629,000. Mackenzie Financial Corp grew its position in monday.com by 18.2% in the fourth quarter. Mackenzie Financial Corp now owns 2,430 shares of the company’s stock valued at $572,000 after acquiring an additional 374 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in monday.com by 12.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 117,436 shares of the company’s stock worth $27,649,000 after purchasing an additional 12,999 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors.

About monday.com

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.