Jefferies Financial Group Lowers monday.com (NASDAQ:MNDY) Price Target to $360.00

monday.com (NASDAQ:MNDY) had its price objective decreased by investment analysts at Jefferies Financial Group from $400.00 to $360.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 47.17% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. DA Davidson raised monday.com from a “neutral” rating to a “buy” rating and set a $350.00 target price on the stock in a research report on Monday, March 17th. William Blair reaffirmed an “outperform” rating on shares of monday.com in a research note on Wednesday, December 18th. KeyCorp raised shares of monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price objective on the stock in a research report on Tuesday, February 11th. The Goldman Sachs Group increased their target price on shares of monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. lifted their price target on shares of monday.com from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $352.64.

monday.com Stock Performance

MNDY stock traded down $2.40 during mid-day trading on Monday, hitting $244.61. 334,366 shares of the company were exchanged, compared to its average volume of 788,950. The firm has a market cap of $12.42 billion, a P/E ratio of 407.68, a P/E/G ratio of 16.53 and a beta of 1.27. monday.com has a 1-year low of $174.75 and a 1-year high of $342.64. The firm’s 50 day simple moving average is $272.99 and its 200 day simple moving average is $270.44.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. On average, equities research analysts predict that monday.com will post 0.46 EPS for the current fiscal year.

Institutional Trading of monday.com

Hedge funds have recently modified their holdings of the stock. Oppenheimer & Co. Inc. lifted its position in monday.com by 24.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 6,765 shares of the company’s stock worth $1,593,000 after acquiring an additional 1,318 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of monday.com during the fourth quarter worth approximately $245,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in monday.com by 10.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,437 shares of the company’s stock worth $29,009,000 after purchasing an additional 10,285 shares during the last quarter. Bailard Inc. boosted its holdings in monday.com by 147.5% in the 4th quarter. Bailard Inc. now owns 7,055 shares of the company’s stock valued at $1,661,000 after purchasing an additional 4,204 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of monday.com by 3.4% during the 4th quarter. Bank of New York Mellon Corp now owns 255,455 shares of the company’s stock worth $60,144,000 after purchasing an additional 8,329 shares in the last quarter. 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.