monday.com (NASDAQ:MNDY) Price Target Cut to $270.00 by Analysts at KeyCorp

monday.com (NASDAQ:MNDY) had its price objective decreased by KeyCorp from $280.00 to $270.00 in a research report released on Tuesday, Benzinga reports. KeyCorp currently has an overweight rating on the stock.

Several other research firms have also recently weighed in on MNDY. The Goldman Sachs Group increased their price objective on monday.com from $270.00 to $300.00 and gave the stock a buy rating in a report on Thursday, May 16th. Tigress Financial lifted their target price on shares of monday.com from $240.00 to $280.00 and gave the company a buy rating in a research note on Tuesday, March 5th. Wells Fargo & Company increased their price target on shares of monday.com from $260.00 to $275.00 and gave the stock an overweight rating in a research note on Thursday, May 16th. DA Davidson upped their target price on monday.com from $190.00 to $230.00 and gave the stock a neutral rating in a report on Thursday, May 16th. Finally, Oppenheimer lifted their price target on monday.com from $240.00 to $250.00 and gave the company an outperform rating in a research report on Thursday, May 16th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $253.24.

monday.com Stock Performance

Shares of NASDAQ MNDY opened at $237.03 on Tuesday. The stock has a fifty day moving average of $216.79 and a 200-day moving average of $210.69. The stock has a market cap of $11.44 billion, a PE ratio of 623.78, a price-to-earnings-growth ratio of 48.15 and a beta of 1.30. monday.com has a fifty-two week low of $122.13 and a fifty-two week high of $249.00.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Wednesday, May 15th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.25. monday.com had a net margin of 2.53% and a return on equity of 2.42%. The business had revenue of $216.91 million during the quarter, compared to analysts’ expectations of $210.33 million. On average, sell-side analysts predict that monday.com will post 0.12 EPS for the current year.

Hedge Funds Weigh In On monday.com

A number of hedge funds have recently made changes to their positions in MNDY. WCM Investment Management LLC bought a new position in monday.com during the first quarter valued at approximately $728,521,000. Price T Rowe Associates Inc. MD increased its holdings in monday.com by 1.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,566 shares of the company’s stock worth $714,781,000 after purchasing an additional 31,304 shares during the period. 1832 Asset Management L.P. grew its holdings in monday.com by 12.1% during the 4th quarter. 1832 Asset Management L.P. now owns 860,300 shares of the company’s stock worth $161,573,000 after acquiring an additional 92,600 shares in the last quarter. Jennison Associates LLC raised its stake in monday.com by 12.1% in the first quarter. Jennison Associates LLC now owns 782,154 shares of the company’s stock worth $176,665,000 after buying an additional 84,182 shares in the last quarter. Finally, Polar Capital Holdings Plc lifted its holdings in monday.com by 53.0% during the third quarter. Polar Capital Holdings Plc now owns 431,738 shares of the company’s stock worth $68,741,000 after buying an additional 149,587 shares during the period. 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.