Cantor Fitzgerald Cuts monday.com (NASDAQ:MNDY) Price Target to $95.00

monday.com (NASDAQ:MNDYFree Report) had its price target cut by Cantor Fitzgerald from $148.00 to $95.00 in a report published on Tuesday morning, MarketBeat.com reports. They currently have an overweight rating on the stock.

A number of other brokerages have also issued reports on MNDY. Wolfe Research restated an “outperform” rating and set a $95.00 target price on shares of monday.com in a research report on Monday. Morgan Stanley reduced their price target on monday.com from $236.00 to $200.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 27th. KeyCorp lowered their price objective on monday.com from $220.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday. Tigress Financial upped their target price on monday.com from $295.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Finally, Loop Capital set a $80.00 price target on monday.com in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $162.88.

View Our Latest Report on monday.com

monday.com Stock Up 0.7%

MNDY opened at $73.63 on Tuesday. The business’s fifty day simple moving average is $132.57 and its 200 day simple moving average is $169.80. monday.com has a 52 week low of $68.68 and a 52 week high of $328.45. The firm has a market cap of $3.74 billion, a P/E ratio of 32.72, a PEG ratio of 1.65 and a beta of 1.25.

monday.com (NASDAQ:MNDYGet Free Report) last released its earnings results on Monday, February 9th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. The company had revenue of $333.88 million for the quarter, compared to analyst estimates of $329.71 million. monday.com had a net margin of 9.64% and a return on equity of 4.80%. The firm’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.08 EPS. As a group, equities analysts expect that monday.com will post 0.46 EPS for the current fiscal year.

Institutional Trading of monday.com

Institutional investors have recently modified their holdings of the company. WCM Investment Management LLC lifted its position in monday.com by 2.8% during the third quarter. WCM Investment Management LLC now owns 4,184,745 shares of the company’s stock valued at $843,519,000 after buying an additional 115,353 shares in the last quarter. Ibex Investors LLC purchased a new position in shares of monday.com in the 3rd quarter valued at $34,864,000. Baillie Gifford & Co. lifted its holdings in shares of monday.com by 136.5% during the 3rd quarter. Baillie Gifford & Co. now owns 708,278 shares of the company’s stock valued at $137,186,000 after acquiring an additional 408,848 shares in the last quarter. Coronation Fund Managers Ltd. lifted its holdings in shares of monday.com by 15.8% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 78,577 shares of the company’s stock valued at $24,711,000 after acquiring an additional 10,693 shares in the last quarter. Finally, TenCore Partners LP boosted its position in monday.com by 42.2% during the 3rd quarter. TenCore Partners LP now owns 141,390 shares of the company’s stock worth $27,386,000 after purchasing an additional 41,935 shares during the period. Hedge funds and other institutional investors own 73.70% of the company’s stock.

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monday.com Company Profile

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monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.

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