monday.com (NASDAQ:MNDY) Sets New 12-Month Low – Should You Sell?

Shares of monday.com Ltd. (NASDAQ:MNDY) reached a new 52-week low on Tuesday . The company traded as low as $123.45 and last traded at $124.8450, with a volume of 107379 shares. The stock had previously closed at $126.70.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Guggenheim reiterated a “buy” rating on shares of monday.com in a research report on Friday. BTIG Research reaffirmed a “buy” rating and issued a $210.00 target price on shares of monday.com in a research report on Thursday, January 15th. Jefferies Financial Group decreased their price target on shares of monday.com from $300.00 to $260.00 and set a “buy” rating on the stock in a research note on Monday, January 5th. Weiss Ratings restated a “sell (d)” rating on shares of monday.com in a research note on Wednesday, October 8th. Finally, Piper Sandler reduced their price objective on shares of monday.com from $275.00 to $250.00 and set an “overweight” rating for the company in a report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, monday.com has an average rating of “Moderate Buy” and an average target price of $257.39.

monday.com Price Performance

The stock has a market capitalization of $6.49 billion, a price-to-earnings ratio of 103.87, a price-to-earnings-growth ratio of 2.91 and a beta of 1.26. The firm has a 50 day simple moving average of $148.37 and a 200-day simple moving average of $191.67.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, November 10th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.27. monday.com had a net margin of 5.58% and a return on equity of 5.99%. The business had revenue of $316.86 million for the quarter, compared to analyst estimates of $312.26 million. During the same quarter in the prior year, the firm earned $0.85 EPS. The firm’s quarterly revenue was up 26.3% compared to the same quarter last year. On average, sell-side analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of MNDY. WCM Investment Management LLC grew its holdings in shares of monday.com by 2.8% during the third quarter. WCM Investment Management LLC now owns 4,184,745 shares of the company’s stock worth $843,519,000 after purchasing an additional 115,353 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of monday.com by 9.0% during the second quarter. JPMorgan Chase & Co. now owns 1,833,000 shares of the company’s stock worth $576,442,000 after acquiring an additional 150,987 shares during the last quarter. Capital World Investors increased its position in monday.com by 231.2% in the third quarter. Capital World Investors now owns 1,717,263 shares of the company’s stock worth $332,617,000 after purchasing an additional 1,198,761 shares during the period. Rubicon Global Capital Ltd raised its holdings in monday.com by 155.3% during the 2nd quarter. Rubicon Global Capital Ltd now owns 1,442,900 shares of the company’s stock worth $453,763,000 after purchasing an additional 877,700 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in monday.com by 110.9% during the 4th quarter. SG Americas Securities LLC now owns 932,912 shares of the company’s stock valued at $137,660,000 after purchasing an additional 490,491 shares during the period. Institutional investors own 73.70% of the company’s stock.

monday.com Company Profile

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.