monday.com (MNDY) to Release Earnings on Monday

monday.com (NASDAQ:MNDYGet Rating) is scheduled to release its earnings data before the market opens on Monday, May 16th. Analysts expect monday.com to post earnings of ($1.51) per share for the quarter. monday.com has set its Q1 2022 guidance at EPS and its FY 2022 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

monday.com (NASDAQ:MNDYGet Rating) last issued its quarterly earnings results on Wednesday, February 23rd. The company reported ($0.73) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.01) by $0.28. The business had revenue of $95.55 million for the quarter, compared to the consensus estimate of $87.80 million. monday.com had a negative return on equity of 27.33% and a negative net margin of 41.96%. The business’s quarterly revenue was up 90.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.64) earnings per share. On average, analysts expect monday.com to post $-6 EPS for the current fiscal year and $-6 EPS for the next fiscal year.

Shares of MNDY stock opened at $123.55 on Monday. The business’s fifty day simple moving average is $145.94 and its 200-day simple moving average is $233.45. monday.com has a 12-month low of $113.05 and a 12-month high of $450.00.

Several equities analysts recently issued reports on the company. Canaccord Genuity Group cut their target price on monday.com from $430.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 24th. The Goldman Sachs Group reduced their price objective on monday.com from $390.00 to $270.00 and set a “buy” rating for the company in a research note on Thursday, April 14th. Piper Sandler decreased their target price on monday.com from $380.00 to $250.00 and set an “overweight” rating for the company in a report on Thursday, February 24th. Needham & Company LLC decreased their target price on monday.com from $420.00 to $230.00 and set a “buy” rating for the company in a report on Thursday, February 24th. Finally, Cowen decreased their target price on monday.com from $325.00 to $260.00 and set an “outperform” rating for the company in a report on Thursday, February 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $288.29.

A number of large investors have recently made changes to their positions in MNDY. Morgan Stanley acquired a new position in monday.com in the second quarter valued at approximately $43,525,000. Royal Bank of Canada raised its stake in shares of monday.com by 3,483.3% during the 3rd quarter. Royal Bank of Canada now owns 215 shares of the company’s stock worth $70,000 after buying an additional 209 shares during the period. UBS Group AG raised its stake in shares of monday.com by 139.5% during the 3rd quarter. UBS Group AG now owns 8,182 shares of the company’s stock worth $2,669,000 after buying an additional 4,766 shares during the period. Renaissance Technologies LLC acquired a new position in shares of monday.com during the 4th quarter worth approximately $957,000. Finally, Geode Capital Management LLC raised its stake in shares of monday.com by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 32,759 shares of the company’s stock worth $10,113,000 after buying an additional 220 shares during the period. 76.31% of the stock is owned by institutional investors.

monday.com Company Profile (Get Rating)

monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, and internationally. It 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.

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