Needham Maintains Buy on Monday.Com, Raises Price Target to $350
Needham analyst Scott Berg maintains Monday.Com (NASDAQ:MNDY) with a Buy and raises the price target from $265 to $350.
66 Biggest Movers From Yesterday
Gainers
Virpax Pharmaceuticals, Inc. (NASDAQ: VRPX) shares surged 265.5% to close at $15.35 on Tuesday after the company received a written pre-investigational new drug (pre-IND) response from the FDA regarding MMS019.
Mid-Afternoon Market Update: Dow Tumbles Over 400 Points; Virpax Pharmaceuticals Shares Spike Higher
Toward the end of trading Tuesday, the Dow traded down 1.18% to 35,204.03 while the NASDAQ fell 1.24% to 14,610.77. The S&P also fell, dropping 1.06% to 4,432.01.
Mid-Day Market Update: monday.com Jumps Following Strong Q2 Results; Kubient Shares Plunge
Midway through trading Tuesday, the Dow traded down 0.81% to 35,336.88 while the NASDAQ fell 0.89% to 14,661.86. The S&P also fell, dropping 0.65% to 4,450.54.
48 Stocks Moving In Tuesday’s Mid-Day Session
Gainers
Virpax Pharmaceuticals, Inc. (NASDAQ: VRPX) shares jumped 93% to $$8.10 after the company received a written pre-investigational new drug (pre-IND) response from the FDA regarding MMS019.
Mid-Morning Market Update: Markets Open Lower; Walmart Profit Tops Estimates
Following the market opening Tuesday, the Dow traded down 0.67% to 35,385.44 while the NASDAQ fell 0.79% to 14,676.74. The S&P also fell, dropping 0.54% to 4,455.32.
Stocks That Hit 52-Week Highs On Tuesday
Before 10 a.m. ET on Tuesday, 55 companies set new 52-week highs.
monday.com Sees Q3 Sales $74M-$75M vs $65.95M Est., FY21 Sales $280M-$282M vs $259.04M Est.
Financial Outlook:
For the third quarter of the fiscal year 2021, monday.com currently expects:
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Total revenue of $74 to $75 million, representing year-over-year growth of 74% to
Monday.Com Q2 Adj. EPS $(0.26) Beats $(1.00) Estimate, Sales $70.60M Beat $62.11M Estimate
Monday.Com (NASDAQ:MNDY) reported quarterly losses of $(0.26) per share which beat the analyst consensus estimate of $(1.00) by 74 percent. The company reported quarterly sales of $70.60 million which beat the analyst
Earnings Scheduled For August 17, 2021
Companies Reporting Before The Bell
• AiHuiShou Intl (NYSE:RERE) is expected to report earnings for its second quarter.