monday.com (NASDAQ:MNDY – Get Free Report) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks reports.
MNDY has been the topic of several other reports. JPMorgan Chase & Co. downgraded monday.com from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $90.00 to $87.00 in a report on Tuesday, September 29th. Cantor Fitzgerald cut monday.com from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $112.00 to $90.00 in a research note on Monday, August 10th. UBS Group increased their price target on monday.com from $85.00 to $95.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Jefferies Financial Group restated a “hold” rating and set a $95.00 price objective on shares of monday.com in a research report on Monday, August 10th. Finally, Citigroup cut their price objective on monday.com from $154.00 to $132.00 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. Twelve research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $111.70.
Read Our Latest Stock Report on monday.com
monday.com Stock Down 4.2%
Shares of MNDY stock traded down $3.93 during trading hours on Thursday, hitting $90.37. 1,166,192 shares of the company’s stock traded hands, compared to its average volume of 1,064,992. The stock’s 50 day simple moving average is $88.56 and its 200 day simple moving average is $80.40. The stock has a market cap of $4.62 billion, a PE ratio of 38.46, a price-to-earnings-growth ratio of 2.13 and a beta of 1.14. monday.com has a 12 month low of $57.50 and a 12 month high of $210.49.
monday.com (NASDAQ:MNDY – Get Free Report) last issued its quarterly 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 company had revenue of $364.62 million for the quarter, compared to analyst estimates of $355.55 million. monday.com had a net margin of 8.87% and a return on equity of 9.09%. monday.com’s revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 earnings per share. As a group, equities research analysts expect that monday.com will post 2.34 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Sequoia Financial Advisors LLC lifted its stake in shares of monday.com by 60.2% in the second quarter. Sequoia Financial Advisors LLC now owns 6,312 shares of the company’s stock valued at $457,000 after buying an additional 2,373 shares in the last quarter. Engineers Gate Manager LP increased its position in shares of monday.com by 29.5% during the second quarter. Engineers Gate Manager LP now owns 38,981 shares of the company’s stock worth $2,822,000 after acquiring an additional 8,891 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of monday.com during the second quarter worth about $5,098,000. Public Employees Retirement System of Ohio bought a new stake in shares of monday.com during the second quarter worth about $970,000. Finally, Plato Investment Management Ltd acquired a new stake in shares of monday.com in the 2nd quarter worth about $432,000. 73.70% of the stock is owned by institutional investors.
monday.com Company Profile
monday.com Ltd. develops cloud-based software designed to help organizations plan, manage and track work. Its platform provides customizable workflows, visual boards, dashboards, automations and collaboration tools that teams can use to coordinate projects, processes and day-to-day operations.
The company offers a portfolio of products built on its Work Operating System, including monday work management for project and task coordination, monday CRM for sales and customer-management activities, monday dev for software-development teams and monday service for service-management workflows.
Further Reading
- Five stocks we like better than monday.com
- Rocket Lab’s Neutron Delay Leaves Wall Street Bullish But Raises the Stakes for 2027
- ManpowerGroup Stock Sinks on Q3 Results, But Fundamentals Stay Solid
- Does the AI Selloff Put Alphabet’s Breakout in Doubt?
- Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery
Receive News & Ratings for monday.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for monday.com and related companies with MarketBeat.com's FREE daily email newsletter.
