monday.com Ltd. (NASDAQ:MNDY) Sees Significant Increase in Short Interest

monday.com Ltd. (NASDAQ:MNDY) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 3,170,000 shares, a growth of 23.8% from the August 15th total of 2,560,000 shares. Based on an average trading volume of 1,010,000 shares, the days-to-cover ratio is currently 3.1 days. Currently, 7.7% of the company’s stock are sold short. Currently, 7.7% of the company’s stock are sold short. Based on an average trading volume of 1,010,000 shares, the days-to-cover ratio is currently 3.1 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. ASR Vermogensbeheer N.V. acquired a new position in shares of monday.com during the first quarter valued at $25,000. Summit Securities Group LLC acquired a new position in shares of monday.com during the first quarter valued at $25,000. NewEdge Advisors LLC grew its holdings 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 acquiring an additional 106 shares during the period. Grove Bank & Trust acquired a new position in monday.com during the first quarter worth about $30,000. Finally, First Horizon Advisors Inc. grew its holdings in monday.com by 72.9% during the first quarter. First Horizon Advisors Inc. now owns 166 shares of the company’s stock worth $40,000 after acquiring an additional 70 shares during the period. 73.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on MNDY shares. Bank of America reiterated a “neutral” rating and set a $205.00 target price (down from $240.00) on shares of monday.com in a research note on Thursday, August 21st. UBS Group reduced their price objective on monday.com from $310.00 to $215.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 12th. Zacks Research cut monday.com from a “hold” rating to a “strong sell” rating in a research note on Friday, August 22nd. Barclays lowered their price target on shares of monday.com from $345.00 to $258.00 and set an “overweight” rating for the company in a research report on Tuesday, August 12th. Finally, Cantor Fitzgerald dropped their price objective on shares of monday.com from $286.00 to $257.00 and set an “overweight” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $296.86.

monday.com Stock Performance

Shares of MNDY opened at $219.15 on Friday. The firm has a market capitalization of $11.13 billion, a price-to-earnings ratio of 296.15, a price-to-earnings-growth ratio of 12.39 and a beta of 1.25. monday.com has a one year low of $166.22 and a one year high of $342.64. The stock’s fifty day moving average is $221.20 and its 200-day moving average is $256.67.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Monday, August 11th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.25. The company had revenue of $299.01 million for the quarter, compared to analyst estimates of $293.60 million. monday.com had a return on equity of 6.32% and a net margin of 3.63%.The company’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same period last year, the company earned $0.94 earnings per share. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts forecast that monday.com will post 0.46 EPS for the current fiscal year.

monday.com Company Profile

monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, the United Kingdom, and internationally. The company provides Work OS, a cloud-based visual work operating system that consists of modular building blocks used and assembled to create software applications and work management tools.