monday.com (NASDAQ:MNDY) Stock Rating Lowered by KeyCorp

monday.com (NASDAQ:MNDY) was downgraded by analysts at KeyCorp from an “overweight” rating to a “sector weight” rating in a report released on Friday, MarketBeat.com reports.

MNDY has been the topic of several other reports. Wells Fargo & Company raised their target price on shares of monday.com from $315.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Loop Capital raised their price objective on monday.com from $285.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Capital One Financial assumed coverage on shares of monday.com in a research note on Thursday, October 10th. They issued an “overweight” rating and a $325.00 price objective on the stock. TD Cowen increased their price objective on shares of monday.com from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, Tigress Financial increased their price target on monday.com from $280.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Six research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $310.81.

monday.com Stock Down 3.2 %

NASDAQ:MNDY opened at $273.08 on Friday. The firm has a market capitalization of $13.18 billion, a price-to-earnings ratio of 666.05, a price-to-earnings-growth ratio of 7.75 and a beta of 1.25. The stock’s 50 day moving average price is $285.81 and its two-hundred day moving average price is $258.24. monday.com has a twelve month low of $170.00 and a twelve month high of $324.99.

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

Institutional Investors Weigh In On monday.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Trust purchased a new stake in monday.com during the third quarter worth about $204,000. Wilmington Savings Fund Society FSB bought a new stake in shares of monday.com during the third quarter valued at about $469,000. Geode Capital Management LLC boosted its holdings in monday.com by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 330,777 shares of the company’s stock valued at $91,447,000 after purchasing an additional 12,968 shares during the period. Vestcor Inc increased its stake in monday.com by 31.4% in the 3rd quarter. Vestcor Inc now owns 519 shares of the company’s stock worth $144,000 after acquiring an additional 124 shares during the last quarter. Finally, Barclays PLC lifted its position in monday.com by 225.8% during the third quarter. Barclays PLC now owns 17,427 shares of the company’s stock valued at $4,840,000 after purchasing an additional 12,078 shares during the last quarter. Hedge funds and other 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.