monday.com (NASDAQ:MNDY) PT Lowered to $270.00 at KeyCorp

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

A number of other research analysts also recently weighed in on the company. Wells Fargo & Company lifted their price target on monday.com from $260.00 to $275.00 and gave the company an overweight rating in a report on Thursday, May 16th. Barclays initiated coverage on monday.com in a research note on Wednesday, June 26th. They set an overweight rating and a $275.00 price target for the company. Needham & Company LLC restated a buy rating and set a $250.00 price target on shares of monday.com in a research note on Monday, June 17th. JPMorgan Chase & Co. raised their price target on shares of monday.com from $230.00 to $270.00 and gave the company an overweight rating in a report on Monday, March 25th. Finally, The Goldman Sachs Group upped their price target on monday.com from $270.00 to $300.00 and gave the stock a buy rating in a research note on Thursday, May 16th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $253.24.

monday.com Trading Up 2.6 %

MNDY stock opened at $243.31 on Tuesday. monday.com has a one year low of $122.13 and a one year high of $249.00. The firm has a 50-day moving average of $219.07 and a two-hundred day moving average of $211.14. The firm has a market capitalization of $11.75 billion, a PE ratio of 640.31, a P/E/G ratio of 47.40 and a beta of 1.30.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Wednesday, May 15th. The company reported $0.14 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $210.33 million. On average, equities research analysts anticipate that monday.com will post 0.12 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Raymond James & Associates raised its stake in shares of monday.com by 55.2% in the fourth quarter. Raymond James & Associates now owns 12,525 shares of the company’s stock valued at $2,352,000 after acquiring an additional 4,457 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in monday.com in the 4th quarter valued at about $25,925,000. M&G Investment Management Ltd. raised its stake in shares of monday.com by 8.5% in the fourth quarter. M&G Investment Management Ltd. now owns 48,347 shares of the company’s stock worth $9,089,000 after acquiring an additional 3,796 shares during the last quarter. Boulder Hill Capital Management LP acquired a new position in shares of monday.com during the fourth quarter worth approximately $2,197,000. Finally, Trexquant Investment LP grew its stake in shares of monday.com by 107.5% during the fourth quarter. Trexquant Investment LP now owns 61,096 shares of the company’s stock valued at $11,474,000 after purchasing an additional 31,656 shares during the last quarter. Institutional investors and hedge funds 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.