monday.com (NASDAQ:MNDY – Get Free Report) was downgraded by equities researchers at TD Cowen from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, Briefing.com reports. They presently have a $105.00 price target on the stock. TD Cowen‘s target price indicates a potential upside of 10.22% from the company’s current price.
Several other research analysts have also recently weighed in on MNDY. Zacks Research cut monday.com from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 15th. Wolfe Research lowered monday.com from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. cut shares of monday.com from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $90.00 to $87.00 in a research note on Tuesday, September 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 target price on shares of monday.com in a report on Tuesday, October 27th. Finally, Barclays lowered shares of monday.com from an “overweight” rating to an “equal weight” rating and set a $100.00 target price for the company. in a report on Monday, October 12th. Twelve analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $107.35.
View Our Latest Stock Analysis on MNDY
monday.com Stock Performance
NASDAQ:MNDY opened at $95.26 on Tuesday. monday.com has a one year low of $57.50 and a one year high of $210.49. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 40.54, a PEG ratio of 2.21 and a beta of 1.14. The firm’s fifty day moving average is $90.87 and its two-hundred day moving average is $83.77.
monday.com (NASDAQ:MNDY – Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.37. The company had revenue of $364.62 million for the quarter, compared to the consensus estimate of $355.55 million. monday.com had a return on equity of 9.09% and a net margin of 8.87%. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period last year, the firm earned $1.09 EPS. As a group, equities research analysts predict that monday.com will post 2.34 earnings per share for the current fiscal year.
Insider Activity at monday.com
In related news, Director Aviad Eyal sold 2,000 shares of monday.com 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 completion of the transaction, the director owned 203,455 shares in the company, valued at $20,353,638.20. The trade was a 0.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 22.30% of the stock is owned by company insiders.
Hedge Funds Weigh In On monday.com
Hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC raised its position in shares of monday.com by 56.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,746 shares of the company’s stock worth $372,000 after purchasing an additional 1,720 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. purchased a new position in monday.com in the 3rd quarter valued at about $1,517,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in monday.com in the 3rd quarter valued at about $240,000. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in monday.com by 18.1% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 83,164 shares of the company’s stock worth $6,525,000 after buying an additional 12,738 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in monday.com in the 3rd quarter worth about $201,000. Hedge funds and other 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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