monday.com (NASDAQ:MNDY – Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.
Several other research analysts have also commented on MNDY. BTIG Research reiterated a “buy” rating and set a $105.00 price objective on shares of monday.com in a research note on Monday, August 10th. Zacks Research upgraded shares of monday.com from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. Wolfe Research lowered shares of monday.com from an “outperform” rating to a “peer perform” rating in a report on Tuesday, August 11th. Oppenheimer set a $115.00 price target on monday.com in a research report on Monday, May 11th. Finally, UBS Group increased their price objective on monday.com from $85.00 to $95.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $117.91.
Check Out Our Latest Stock Analysis on MNDY
monday.com Price Performance
monday.com (NASDAQ:MNDY – Get Free Report) last announced its earnings results on Monday, August 10th. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.37. The business had revenue of $364.62 million during the quarter, compared to the consensus estimate of $355.55 million. monday.com had a net margin of 8.87% and a return on equity of 9.09%. The firm’s revenue was up 21.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.09 earnings per share. On average, analysts anticipate that monday.com will post 2.25 EPS for the current year.
Institutional Trading of monday.com
A number of institutional investors have recently bought and sold shares of MNDY. California State Teachers Retirement System increased its stake in monday.com by 10,466.8% during the 2nd quarter. California State Teachers Retirement System now owns 3,293,238 shares of the company’s stock valued at $238,397,000 after purchasing an additional 3,262,072 shares in the last quarter. Capital World Investors raised its holdings in shares of monday.com by 91.4% in the fourth quarter. Capital World Investors now owns 3,286,461 shares of the company’s stock worth $484,950,000 after buying an additional 1,569,198 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of monday.com by 93.3% during the first quarter. Renaissance Technologies LLC now owns 2,181,990 shares of the company’s stock worth $150,797,000 after buying an additional 1,052,900 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in shares of monday.com by 15.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,274,910 shares of the company’s stock worth $188,126,000 after buying an additional 165,996 shares during the period. Finally, State Street Corp grew its holdings in shares of monday.com by 3.8% during the fourth quarter. State Street Corp now owns 688,751 shares of the company’s stock valued at $101,632,000 after buying an additional 25,009 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.
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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