Shares of monday.com Ltd. (NASDAQ:MNDY – Get Free Report) traded up 4.7% during mid-day trading on Tuesday . The company traded as high as $86.68 and last traded at $87.2090. 113,523 shares were traded during trading, a decline of 94% from the average session volume of 1,978,469 shares. The stock had previously closed at $83.33.
Analyst Ratings Changes
A number of research analysts recently weighed in on MNDY shares. TD Cowen reaffirmed a “buy” rating and set a $110.00 price objective on shares of monday.com in a report on Tuesday, August 11th. Weiss Ratings reissued a “sell (d+)” rating on shares of monday.com in a report on Thursday, June 11th. Barclays boosted their target price on shares of monday.com from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Canaccord Genuity Group lowered their price target on monday.com from $140.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Finally, Wells Fargo & Company lowered their price objective on shares of monday.com from $130.00 to $120.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.91.
Check Out Our Latest Stock Report on monday.com
monday.com Stock Up 5.6%
monday.com (NASDAQ:MNDY – Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.37. The firm had revenue of $364.62 million for the quarter, compared to analyst estimates of $355.55 million. monday.com had a return on equity of 9.09% and a net margin of 8.87%.The firm’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period last year, the company earned $1.09 EPS. On average, research analysts forecast that monday.com Ltd. will post 2.09 earnings per share for the current fiscal year.
Institutional Investors Weigh In On monday.com
Institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC raised its stake in monday.com by 2,120.0% during the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after purchasing an additional 106 shares during the period. Advisory Services Network LLC purchased a new position in shares of monday.com in the 3rd quarter worth $28,000. EverSource Wealth Advisors LLC boosted its holdings in monday.com by 498.6% in the first quarter. EverSource Wealth Advisors LLC now owns 425 shares of the company’s stock valued at $29,000 after acquiring an additional 354 shares during the last quarter. Quarry LP purchased a new stake in monday.com during the fourth quarter valued at about $29,000. Finally, Huntington National Bank lifted its position in monday.com by 6,040.0% during the fourth quarter. Huntington National Bank now owns 307 shares of the company’s stock valued at $45,000 after buying an additional 302 shares in the last quarter. 73.70% of the stock is currently owned by hedge funds and other institutional investors.
About monday.com
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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