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

monday.com (NASDAQ:MNDY) had its price objective dropped by research analysts at Loop Capital from $310.00 to $300.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Loop Capital’s price objective would suggest a potential upside of 27.77% from the stock’s current price.

A number of other equities analysts have also recently commented on MNDY. Oppenheimer boosted their price target on monday.com from $275.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Needham & Company LLC boosted their target price on monday.com from $300.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Wells Fargo & Company raised their price target on shares of monday.com from $315.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Citigroup lowered their price objective on shares of monday.com from $338.00 to $302.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Finally, William Blair restated an “outperform” rating on shares of monday.com in a research report on Wednesday, December 18th. 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $309.14.

monday.com Stock Up 1.3 %

MNDY stock opened at $234.80 on Monday. monday.com has a 52 week low of $170.00 and a 52 week high of $324.99. The business has a 50-day simple moving average of $281.04 and a 200 day simple moving average of $259.32. The company has a market cap of $11.34 billion, a PE ratio of 572.68, a price-to-earnings-growth ratio of 7.61 and a beta of 1.25.

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

Institutional Investors Weigh In On monday.com

Several large investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in monday.com during the third quarter valued at $43,000. Ridgewood Investments LLC bought a new stake in shares of monday.com during the 2nd quarter valued at about $45,000. Toronto Dominion Bank bought a new stake in shares of monday.com during the 2nd quarter valued at about $120,000. Vestcor Inc grew its stake in monday.com by 31.4% during the third quarter. Vestcor Inc now owns 519 shares of the company’s stock worth $144,000 after purchasing an additional 124 shares during the period. Finally, Larson Financial Group LLC increased its holdings in monday.com by 645.7% in the third quarter. Larson Financial Group LLC now owns 604 shares of the company’s stock worth $168,000 after purchasing an additional 523 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

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.