monday.com (NASDAQ:MNDY) Price target cut to $200.00 by Piper Sandler analysts


monday.com (NASDAQ: MNDY – Get an Assessment) had its price target lowered by Piper Sandler to $200.00 in a report on Tuesday, Stock Target Advisor reports. The company currently has an “overweight” rating on the stock. Piper Sandler’s price target would suggest a potential upside of 95.54% from the company’s current price.

A number of other analysts have also published reports on the company. Zacks Investment Research downgraded monday.com from a “hold” rating to a “sell” rating in a Friday, April 22 research rating. Needham & Company LLC reduced its target price on monday.com from $420.00 to $230.00 and set a “buy” rating on the stock in a research note on Thursday, February 24. Cowen lowered his target price on monday.com from $240.00 to $200.00 in a research note on Tuesday. DA Davidson upgraded monday.com from a “neutral” rating to a “buy” rating and lowered its target price for the stock from $275.00 to $170.00 in a Thursday 24 research note. february. Finally, Canaccord Genuity Group cut its target price on monday.com from $200.00 to $150.00 and placed a “buy” rating on the stock in a research note on Tuesday. One analyst rated the stock with a sell rating, two gave the stock a hold rating and twelve gave the stock a buy rating. Based on data from MarketBeat.com, monday.com has a consensus rating of “Buy” and a consensus price target of $276.86.

Shares of NASDAQ:MNDY traded down $2.77 during midday trading on Tuesday, hitting $102.28. 6,366 shares of the company were traded, against an average volume of 719,054. monday.com has a 12-month low of $87.05 and a 12-month high of $450.00. The company’s fifty-day moving average price is $141.17 and its two-hundred-day moving average price is $221.92.

monday.com (NASDAQ:MNDY – Get Rating) last released its quarterly earnings data on Monday, May 16. The company reported ($0.96) earnings per share (EPS) for the quarter, beating analyst consensus estimates of ($1.51) by $0.55. monday.com had a negative return on equity of 27.33% and a negative net margin of 41.96%. The company posted revenue of $108.50 million for the quarter, versus analyst estimates of $101.31 million. monday.com revenue increased 83.9% year over year. Equity analysts predict monday.com will post -5.71 EPS for the current fiscal year.

Institutional investors and hedge funds have recently been buying and selling stocks. Harel Insurance Investments & Financial Services Ltd. bought a new position in monday.com during Q4 for a value of approximately $685,000. Temasek Holdings Private Ltd bought a new position on monday.com during Q3 for a value of approximately $1,867,000. Phoenix Holdings Ltd. bought a new stake in monday.com stock in Q4 for a value of approximately $3,227,000. Mercer Global Advisors Inc. ADV purchased a new stake in monday.com stock in Q4 for approximately $557,000. Finally, Penserra Capital Management LLC purchased a new equity stake in monday.com in Q3 for approximately $5,094,000. Institutional investors and hedge funds hold 76.31% of the company’s shares.

monday.com Company Profile (Get a rating)

monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa and internationally. It provides Work OS, a cloud-based visual work operating system that consists of modular building blocks used and put together to create software applications and work management tools.

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Richard L. Militello