monday.com (NASDAQ:MNDY) Price Target Cut to $150.00 by Analysts at DA Davidson

monday.com (NASDAQ:MNDY) had its target price trimmed by DA Davidson from $250.00 to $150.00 in a research note published on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other research analysts have also issued research reports about the stock. UBS Group decreased their price target on shares of monday.com from $200.00 to $140.00 and set a “neutral” rating on the stock in a research note on Monday. KeyCorp lowered their target price on monday.com from $270.00 to $220.00 and set an “overweight” rating on the stock in a research note on Thursday, January 22nd. Barclays dropped their price target on monday.com from $202.00 to $194.00 and set an “overweight” rating for the company in a report on Monday, January 12th. Bank of America reduced their price target on monday.com from $205.00 to $195.00 and set a “neutral” rating for the company in a research note on Tuesday, November 11th. Finally, JPMorgan Chase & Co. lowered their price objective on monday.com from $285.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $229.87.

monday.com Trading Up 3.6%

Shares of NASDAQ MNDY opened at $98.00 on Friday. monday.com has a 12 month low of $92.73 and a 12 month high of $342.64. The stock has a 50 day moving average of $138.72 and a 200-day moving average of $175.79. The company has a market capitalization of $4.98 billion, a P/E ratio of 79.67, a P/E/G ratio of 2.14 and a beta of 1.25.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings results on Monday, November 10th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.27. monday.com had a return on equity of 5.99% and a net margin of 5.58%.The business had revenue of $316.86 million for the quarter, compared to analysts’ expectations of $312.26 million. During the same quarter in the prior year, the business earned $0.85 EPS. The firm’s revenue for the quarter was up 26.3% on a year-over-year basis. Analysts predict that monday.com will post 0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC grew its stake in monday.com by 2,120.0% during the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after buying an additional 106 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of monday.com during the 3rd quarter worth approximately $28,000. Abound Wealth Management bought a new stake in shares of monday.com during the 4th quarter worth approximately $30,000. Promus Capital LLC acquired a new stake in shares of monday.com during the 2nd quarter worth approximately $45,000. Finally, Smartleaf Asset Management LLC increased its stake in monday.com by 575.8% in the third quarter. Smartleaf Asset Management LLC now owns 223 shares of the company’s stock valued at $45,000 after acquiring an additional 190 shares during the last quarter. Institutional investors own 73.70% of the company’s stock.

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.