monday.com (NASDAQ:MNDY – Get Free Report)‘s stock had its “buy” rating reaffirmed by stock analysts at Guggenheim in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $130.00 target price on the stock. Guggenheim‘s target price suggests a potential upside of 44.47% from the stock’s current price.
Several other brokerages have also issued reports on MNDY. Citigroup cut their target price on monday.com from $154.00 to $132.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th. TD Cowen downgraded shares of monday.com from a “buy” rating to a “hold” rating and decreased their price target for the stock from $110.00 to $105.00 in a research note on Tuesday. Wells Fargo & Company lowered their price objective on shares of monday.com from $130.00 to $120.00 and set an “overweight” rating for the company in a report on Tuesday, August 11th. Wall Street Zen raised shares of monday.com from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Zacks Research lowered shares of monday.com from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 15th. Twelve research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $107.35.
Read Our Latest Stock Report on MNDY
monday.com Stock Down 5.5%
Shares of MNDY stock opened at $89.98 on Tuesday. The business has a 50-day moving average price of $90.87 and a two-hundred day moving average price of $83.77. monday.com has a 12-month low of $57.50 and a 12-month high of $200.62. The firm has a market cap of $4.60 billion, a P/E ratio of 38.16, a price-to-earnings-growth ratio of 2.21 and a beta of 1.14.
monday.com (NASDAQ:MNDY – Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported $1.48 EPS for the quarter, beating the consensus estimate 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 company’s revenue was up 21.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.09 EPS. As a group, research analysts expect that monday.com will post 2.34 EPS for the current fiscal year.
Insider Activity
In related news, Director Aviad Eyal sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $100.04, for a total value of $200,080.00. Following the sale, the director directly owned 203,455 shares of the company’s stock, valued at $20,353,638.20. This trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 22.30% of the stock is owned by insiders.
Institutional Trading of monday.com
Several large investors have recently added to or reduced their stakes in MNDY. EverSource Wealth Advisors LLC grew its holdings in shares of monday.com by 498.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 425 shares of the company’s stock worth $29,000 after acquiring an additional 354 shares during the period. Oppenheimer & Co. Inc. purchased a new position in shares of monday.com in the 3rd quarter worth about $201,000. Quadrant Capital Group LLC purchased a new stake in shares of monday.com during the third quarter valued at approximately $235,000. Evanson Financial LLC purchased a new stake in monday.com during the 2nd quarter valued at $219,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in monday.com in the 3rd quarter worth about $240,000. Institutional investors own 73.70% of the company’s stock.
monday.com Company Profile
monday.com Ltd. is a software company that provides a cloud-based Work Operating System (Work OS) designed to help organizations manage projects, workflows and business operations. Its platform uses configurable boards, dashboards, automations, integrations and collaboration tools, enabling teams to organize work and build workflows without extensive software development.
The company offers products tailored to several business functions, including monday work management for project and task coordination, monday CRM for sales and customer relationship processes, monday dev for software development teams, and monday service for managing customer support and service operations.
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