monday.com (NASDAQ:MNDY) Given New $300.00 Price Target at Scotiabank

monday.com (NASDAQ:MNDY) had its target price decreased by Scotiabank from $325.00 to $300.00 in a report released on Thursday,Benzinga reports. Scotiabank currently has a sector outperform rating on the stock.

Other analysts have also recently issued research reports about the company. Citigroup upgraded monday.com from a “neutral” rating to a “buy” rating and cut their price objective for the company from $302.00 to $298.00 in a research note on Thursday. Loop Capital dropped their price target on monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Needham & Company LLC lifted their price objective on shares of monday.com from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Robert W. Baird increased their target price on shares of monday.com from $265.00 to $270.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Finally, Wells Fargo & Company raised their price target on shares of monday.com from $315.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Five analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, monday.com has a consensus rating of “Moderate Buy” and a consensus target price of $311.40.

monday.com Trading Up 2.8 %

monday.com stock opened at $240.61 on Thursday. monday.com has a 52 week low of $174.75 and a 52 week high of $324.99. The stock has a market cap of $11.62 billion, a P/E ratio of 586.85, a price-to-earnings-growth ratio of 5.41 and a beta of 1.30. The stock has a 50 day moving average of $259.22 and a 200-day moving average of $259.49.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.24. The company had revenue of $251.00 million during the quarter, compared to analyst estimates of $246.17 million. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The firm’s revenue for the quarter was up 49.5% compared to the same quarter last year. During the same period last year, the business earned $0.15 EPS. As a group, equities analysts predict that monday.com will post 0.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On monday.com

Hedge funds have recently made changes to their positions in the business. Rhumbline Advisers boosted its holdings in monday.com by 25.2% during the second quarter. Rhumbline Advisers now owns 8,446 shares of the company’s stock worth $2,033,000 after buying an additional 1,701 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of monday.com by 7.0% during the 2nd quarter. Victory Capital Management Inc. now owns 5,677 shares of the company’s stock worth $1,367,000 after acquiring an additional 370 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of monday.com by 4.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,065 shares of the company’s stock worth $497,000 after acquiring an additional 91 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of monday.com by 19.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 185,567 shares of the company’s stock worth $44,677,000 after acquiring an additional 29,982 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its position in shares of monday.com by 4.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,124 shares of the company’s stock worth $271,000 after purchasing an additional 47 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

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.