monday.com (NASDAQ:MNDY) Rating Lowered to “Equal Weight” at Barclays

monday.com (NASDAQ:MNDY) was downgraded by stock analysts at Barclays from an “overweight” rating to an “equal weight” rating in a report released on Monday, Marketbeat.com reports. They presently have a $100.00 price target on the stock. Barclays‘s target price would indicate a potential upside of 18.08% from the stock’s current price.

MNDY has been the subject of several other reports. Citigroup lowered their price objective on shares of monday.com from $154.00 to $132.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th. Cantor Fitzgerald downgraded shares of monday.com from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $112.00 to $90.00 in a research note on Monday, August 10th. Wells Fargo & Company decreased their price target on shares of monday.com from $130.00 to $120.00 and set an “overweight” rating for the company in a research note on Tuesday, August 11th. JPMorgan Chase & Co. downgraded shares of monday.com from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $90.00 to $87.00 in a research note on Tuesday, September 29th. Finally, Wolfe Research downgraded shares of monday.com from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.70.

monday.com Stock Down 0.1%

Shares of NASDAQ:MNDY traded down $0.07 during midday trading on Monday, hitting $84.69. 1,023,683 shares of the stock traded hands, compared to its average volume of 1,810,663. The stock has a market capitalization of $4.33 billion, a PE ratio of 36.04, a P/E/G ratio of 2.01 and a beta of 1.14. The business’s 50 day moving average is $88.74 and its two-hundred day moving average is $79.90. monday.com has a one year low of $57.50 and a one year high of $210.49.

monday.com (NASDAQ:MNDY) last issued 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 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 company’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 earnings per share. As a group, sell-side analysts forecast that monday.com will post 2.34 earnings per share for the current year.

Hedge Funds Weigh In On monday.com

Institutional investors have recently bought and sold shares of the stock. SEB Asset Management AB purchased a new stake in monday.com in the first quarter worth about $1,639,000. Swiss National Bank grew its holdings in monday.com by 28.6% in the first quarter. Swiss National Bank now owns 159,100 shares of the company’s stock worth $10,995,000 after purchasing an additional 35,400 shares during the period. Empowered Funds LLC grew its holdings in monday.com by 4,194.6% in the first quarter. Empowered Funds LLC now owns 14,430 shares of the company’s stock worth $997,000 after purchasing an additional 14,094 shares during the period. Arkadios Wealth Advisors purchased a new stake in monday.com in the first quarter worth about $1,534,000. Finally, Royal Bank of Canada grew its holdings in monday.com by 88.7% in the first quarter. Royal Bank of Canada now owns 30,422 shares of the company’s stock worth $2,102,000 after purchasing an additional 14,300 shares during the period. 73.70% of the stock is owned by institutional investors.

Key monday.com News

Here are the key news stories impacting monday.com this week:

• Positive Sentiment: Analysts tracked in recent coverage have an average price target of $111.70, implying meaningful upside from monday.com’s recent trading level. monday.com Ltd. Stock Has Average Target Price of $111.70
• Positive Sentiment: A valuation review characterized monday.com as potentially undervalued after its recent selloff and assigned the company a GF Score of 71/100, which may attract value-oriented investors. Monday.com Stock Down 4.7%—Now Undervalued?
• Neutral Sentiment: monday.com was among the stocks highlighted as a notable market mover, confirming elevated investor attention and volatility but not identifying a new company-specific catalyst. Stocks Making Big Moves Yesterday
• Neutral Sentiment: Additional market coverage focused on the recent decline and investor questions surrounding monday.com’s outlook, while a separate attention report noted that the stock is receiving unusually high interest from Zacks users. monday.com Declines More Than Market
• Negative Sentiment: Barclays downgraded MNDY from “overweight” to “equal weight” and set a $100 price target. Although the target remains above the recent share price, the downgrade signals reduced conviction and likely contributed to selling pressure. monday.com Rating Lowered by Barclays

About monday.com

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.