monday.com (NASDAQ:MNDY) Trading Up 5.2%

monday.com Ltd. (NASDAQ:MNDYGet Rating) shares were up 5.2% on Monday . The stock traded as high as $137.91 and last traded at $137.07. Approximately 1,575 shares traded hands during trading, a decline of 100% from the average daily volume of 641,352 shares. The stock had previously closed at $130.34.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MNDY shares. Citigroup initiated coverage on monday.com in a research report on Thursday, September 1st. They set a “buy” rating and a $156.00 price target on the stock. Cowen raised their price objective on shares of monday.com from $150.00 to $180.00 in a research note on Tuesday, August 9th. Piper Sandler raised their price objective on shares of monday.com from $150.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 9th. Tigress Financial dropped their price objective on shares of monday.com from $432.00 to $240.00 in a research note on Wednesday, June 1st. Finally, DA Davidson raised their price target on shares of monday.com from $145.00 to $175.00 in a research report on Tuesday, August 9th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $220.08.

monday.com Trading Down 8.6 %

The company has a market capitalization of $5.67 billion, a price-to-earnings ratio of -33.16 and a beta of 1.82. The company has a fifty day moving average of $116.21 and a 200-day moving average of $124.52.

monday.com (NASDAQ:MNDYGet Rating) last issued its quarterly earnings results on Monday, August 8th. The company reported ($1.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.35) by $0.34. The firm had revenue of $123.70 million for the quarter, compared to analyst estimates of $118.22 million. monday.com had a negative return on equity of 25.09% and a negative net margin of 42.31%. The business’s revenue was up 75.2% on a year-over-year basis. During the same period in the previous year, the company posted ($1.67) earnings per share. As a group, equities research analysts expect that monday.com Ltd. will post -4.94 EPS for the current year.

Institutional Investors Weigh In On monday.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tiger Global Management LLC boosted its position in monday.com by 937.9% during the first quarter. Tiger Global Management LLC now owns 2,075,846 shares of the company’s stock worth $328,129,000 after acquiring an additional 1,875,846 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of monday.com by 47.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,091,710 shares of the company’s stock worth $215,781,000 after purchasing an additional 668,816 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of monday.com during the 2nd quarter worth approximately $33,056,000. Renaissance Technologies LLC boosted its stake in monday.com by 109.3% during the second quarter. Renaissance Technologies LLC now owns 416,800 shares of the company’s stock worth $42,997,000 after buying an additional 217,700 shares during the last quarter. Finally, Anatole Investment Management Ltd acquired a new position in monday.com during the fourth quarter worth $62,137,000. Institutional investors and hedge funds own 64.64% of the company’s stock.

About monday.com

(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.

Read More

Receive News & Ratings for monday.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for monday.com and related companies with MarketBeat.com's FREE daily email newsletter.