monday.com (NASDAQ:MNDY) Announces Earnings Results

monday.com (NASDAQ:MNDY) posted its quarterly earnings results on Monday. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.27, Briefing.com reports. monday.com had a return on equity of 6.32% and a net margin of 3.63%.The business had revenue of $316.86 million for the quarter, compared to analysts’ expectations of $312.26 million. During the same period last year, the firm earned $0.85 earnings per share. The business’s quarterly revenue was up 26.3% on a year-over-year basis. monday.com updated its FY 2025 guidance to EPS and its Q4 2025 guidance to EPS.

monday.com Price Performance

Shares of MNDY traded down $23.57 during mid-day trading on Monday, reaching $166.02. 6,133,757 shares of the company’s stock traded hands, compared to its average volume of 996,223. The stock’s 50-day moving average is $193.08 and its two-hundred day moving average is $243.02. monday.com has a 12 month low of $151.00 and a 12 month high of $342.64. The stock has a market cap of $8.43 billion, a P/E ratio of 224.36, a P/E/G ratio of 8.96 and a beta of 1.24.

Institutional Investors Weigh In On monday.com

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MNDY. NewEdge Advisors LLC boosted its holdings in shares of monday.com by 2,120.0% in the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after purchasing an additional 106 shares during the period. EverSource Wealth Advisors LLC raised its position in monday.com by 76.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $47,000 after purchasing an additional 65 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of monday.com in the 2nd quarter worth $398,000. QVT Financial LP bought a new position in shares of monday.com during the 2nd quarter worth $656,000. Finally, Cerity Partners LLC increased its stake in shares of monday.com by 28.8% during the second quarter. Cerity Partners LLC now owns 2,596 shares of the company’s stock valued at $816,000 after buying an additional 580 shares during the period. Institutional investors own 73.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MNDY. Zacks Research raised monday.com from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Needham & Company LLC reiterated a “buy” rating and issued a $250.00 price target on shares of monday.com in a report on Thursday, September 18th. UBS Group dropped their price objective on shares of monday.com from $310.00 to $215.00 and set a “neutral” rating for the company in a report on Tuesday, August 12th. Cantor Fitzgerald reduced their target price on monday.com from $286.00 to $257.00 and set an “overweight” rating on the stock in a report on Thursday, September 18th. Finally, Citigroup increased their price target on monday.com from $326.00 to $332.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $290.81.

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.