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

monday.com (NASDAQ:MNDY) had its price objective decreased by Jefferies Financial Group from $400.00 to $360.00 in a research report sent to investors on Monday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other equities analysts have also recently commented on the company. DA Davidson upgraded monday.com from a “neutral” rating to a “buy” rating and set a $350.00 target price for the company in a research report on Monday, March 17th. Barclays upped their price objective on shares of monday.com from $325.00 to $360.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Wells Fargo & Company lifted their target price on shares of monday.com from $340.00 to $380.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. boosted their price target on shares of monday.com from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Finally, Tigress Financial raised their price objective on shares of monday.com from $340.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $352.64.

monday.com Stock Down 1.6 %

Shares of MNDY opened at $243.16 on Monday. The business’s 50-day moving average price is $273.01 and its 200-day moving average price is $270.32. monday.com has a twelve month low of $174.75 and a twelve month high of $342.64. The stock has a market cap of $12.35 billion, a PE ratio of 405.27, a P/E/G 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 (EPS) 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%. Analysts expect that monday.com will post 0.46 earnings per share for the current fiscal year.

Institutional Trading of monday.com

Several hedge funds and other institutional investors have recently bought and sold shares of MNDY. Clearbridge Investments LLC raised its holdings in shares of monday.com by 0.3% during the fourth quarter. Clearbridge Investments LLC now owns 13,501 shares of the company’s stock valued at $3,179,000 after acquiring an additional 44 shares in the last quarter. Prudential Financial Inc. lifted its stake in shares of monday.com by 1.3% in the 4th quarter. Prudential Financial Inc. now owns 4,122 shares of the company’s stock valued at $970,000 after purchasing an additional 53 shares during the period. Global Retirement Partners LLC lifted its stake in shares of monday.com by 64.8% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock valued at $35,000 after purchasing an additional 59 shares during the period. Venturi Wealth Management LLC boosted its holdings in shares of monday.com by 7.6% during the 4th quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company’s stock valued at $253,000 after buying an additional 76 shares in the last quarter. Finally, Vestcor Inc boosted its stake in monday.com by 16.0% during the fourth quarter. Vestcor Inc now owns 602 shares of the company’s stock worth $142,000 after acquiring an additional 83 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

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.