monday.com (NASDAQ:MNDY) Issues Earnings Results

monday.com (NASDAQ:MNDY) released its earnings results on Monday. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.89 by $0.27, Briefing.com reports. monday.com had a return on equity of 6.32% and a net margin of 3.63%.The business had revenue of $316.86 million for the quarter, compared to the consensus estimate of $312.26 million. During the same period in the previous year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was up 26.3% compared to the same quarter last year. monday.com updated its FY 2025 guidance to EPS and its Q4 2025 guidance to EPS.

monday.com Price Performance

Shares of MNDY traded down $23.57 during trading hours on Monday, hitting $166.02. The stock had a trading volume of 6,133,757 shares, compared to its average volume of 996,223. The firm has a market capitalization of $8.43 billion, a PE ratio of 224.36, a PEG ratio of 8.96 and a beta of 1.24. monday.com has a 12 month low of $151.00 and a 12 month high of $342.64. The stock has a fifty day moving average price of $193.08 and a 200 day moving average price of $243.02.

Institutional Investors Weigh In On monday.com

Large investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in shares of monday.com by 67.5% in the 2nd quarter. Bank of America Corp DE now owns 285,893 shares of the company’s stock worth $89,908,000 after purchasing an additional 115,203 shares during the period. State Street Corp raised its position in monday.com by 5.4% in the second quarter. State Street Corp now owns 661,265 shares of the company’s stock worth $207,955,000 after acquiring an additional 33,963 shares during the period. Alliancebernstein L.P. boosted its stake in shares of monday.com by 4.2% during the 2nd quarter. Alliancebernstein L.P. now owns 605,510 shares of the company’s stock worth $190,421,000 after acquiring an additional 24,624 shares during the last quarter. MML Investors Services LLC grew its position in shares of monday.com by 232.7% during the 2nd quarter. MML Investors Services LLC now owns 16,312 shares of the company’s stock valued at $5,130,000 after acquiring an additional 11,409 shares during the period. Finally, Man Group plc increased its stake in shares of monday.com by 4.7% in the 2nd quarter. Man Group plc now owns 246,519 shares of the company’s stock worth $77,525,000 after purchasing an additional 10,987 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $250.00 price target on shares of monday.com in a research note on Thursday, September 18th. Bank of America reiterated a “neutral” rating and set a $205.00 price target (down previously from $240.00) on shares of monday.com in a report on Thursday, August 21st. Morgan Stanley upgraded shares of monday.com from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $330.00 to $260.00 in a report on Tuesday, August 12th. Cantor Fitzgerald lowered their price objective on monday.com from $286.00 to $257.00 and set an “overweight” rating on the stock in a research report on Thursday, September 18th. Finally, UBS Group reduced their target price on monday.com from $310.00 to $215.00 and set a “neutral” rating for the company in a report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $290.81.

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.