monday.com (NASDAQ:MNDY) Stock Bumped Down to Hold by Wall Street Zen

Wall Street Zen cut shares of monday.com (NASDAQ:MNDY) from a buy rating to a hold rating in a report published on Saturday morning,Wall Street Zen reports.

A number of other equities research analysts also recently weighed in on the company. UBS Group raised their price objective on monday.com from $85.00 to $95.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Jefferies Financial Group reiterated a “hold” rating and issued a $95.00 target price on shares of monday.com in a research note on Monday, August 10th. Barclays lowered shares of monday.com from an “overweight” rating to an “equal weight” rating and set a $100.00 price target for the company. in a research report on Monday, October 12th. Wolfe Research cut shares of monday.com from an “outperform” rating to a “peer perform” rating in a report on Tuesday, August 11th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $110.00 price objective on shares of monday.com in a research report on Tuesday, August 11th. Twelve investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $111.70.

monday.com Stock Down 0.3%

Shares of MNDY stock opened at $106.53 on Friday. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 45.33, a PEG ratio of 2.40 and a beta of 1.14. The company’s 50 day moving average is $89.84 and its 200 day moving average is $81.56. monday.com has a 52-week low of $57.50 and a 52-week 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, topping analysts’ consensus estimates of $1.11 by $0.37. monday.com had a net margin of 8.87% and a return on equity of 9.09%. The company had revenue of $364.62 million during the quarter, compared to the consensus estimate of $355.55 million. During the same quarter in the previous year, the firm posted $1.09 earnings per share. monday.com’s revenue for the quarter was up 21.9% compared to the same quarter last year. Analysts anticipate that monday.com will post 2.34 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Aviad Eyal sold 2,000 shares of the company’s stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $100.04, for a total transaction of $200,080.00. Following the transaction, the director directly owned 203,455 shares of the company’s stock, valued at $20,353,638.20. This represents a 0.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 22.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On monday.com

Institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its holdings 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 valued at $150,797,000 after acquiring an additional 1,052,900 shares in the last quarter. RPD Fund Management LLC purchased a new stake in monday.com during the 1st quarter worth approximately $17,529,000. Bank of America Corp DE grew its position in monday.com by 33.6% during the 1st quarter. Bank of America Corp DE now owns 194,635 shares of the company’s stock worth $13,451,000 after purchasing an additional 49,002 shares during the last quarter. Swiss National Bank increased its stake in monday.com by 28.6% during the 1st quarter. Swiss National Bank now owns 159,100 shares of the company’s stock valued at $10,995,000 after purchasing an additional 35,400 shares in the last quarter. Finally, Ardmore Road Asset Management LP increased its stake in monday.com by 18.1% during the 1st quarter. Ardmore Road Asset Management LP now owns 118,700 shares of the company’s stock valued at $8,203,000 after purchasing an additional 18,234 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

Trending Headlines about monday.com

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

• Positive Sentiment: A Seeking Alpha analysis rated monday.com a Buy and estimated intrinsic value at $113.50, citing potential margin expansion as operating expenses decline relative to revenue. The article said AI credits could increase revenue per customer, although execution remains important. monday.com: Operating Leverage Creates Upside, But AI Margins Remain The Key Risk
• Positive Sentiment: Other recent commentary described MNDY as potentially undervalued based on discounted future cash flow and estimated the shares could be modestly undervalued following the Harmony launch. The company’s latest reported quarter also showed revenue growth of 21.9% year over year and earnings well above consensus estimates. monday.com Stock Looks Cheap Based On Future Cash Flow monday.com Could Be 2% Undervalued After Harmony Launch
• Neutral Sentiment: monday.com was featured in Zacks’ growth-stock coverage and became one of the most heavily searched stocks on Zacks.com. The visibility may support trading interest, but search activity alone does not change the company’s fundamentals or valuation. Investors Heavily Search monday.com
• Negative Sentiment: Director Eyal Aviad sold 2,000 shares for approximately $200,080. The transaction represented less than 1% of his holdings and was executed under a pre-arranged Rule 10b5-1 plan, reducing its significance but still creating a modest insider-selling signal. In addition, Barclays and Zacks Research recently lowered their ratings, while the broader analyst consensus remains Hold with a $111.70 target. monday.com Director Sells 2,000 Shares

About monday.com

monday.com Ltd. is a software company that provides a cloud-based Work Operating System (Work OS) designed to help organizations manage projects, workflows and business operations. Its platform uses configurable boards, dashboards, automations, integrations and collaboration tools, enabling teams to organize work and build workflows without extensive software development.

The company offers products tailored to several business functions, including monday work management for project and task coordination, monday CRM for sales and customer relationship processes, monday dev for software development teams, and monday service for managing customer support and service operations.