monday.com (NASDAQ:MNDY) Now Covered by Oppenheimer

Oppenheimer began coverage on shares of monday.com (NASDAQ:MNDY) in a research note issued to investors on Wednesday. The brokerage issued an outperform rating and a $300.00 price target on the stock.

A number of other research firms also recently commented on MNDY. TD Cowen decreased their price target on monday.com from $360.00 to $290.00 and set a “buy” rating for the company in a research note on Tuesday, August 12th. DA Davidson reduced their target price on monday.com from $325.00 to $275.00 and set a “buy” rating on the stock in a report on Tuesday, August 12th. Bank of America restated a “neutral” rating and set a $205.00 price objective (down from $240.00) on shares of monday.com in a research note on Thursday, August 21st. Piper Sandler decreased their price objective on shares of monday.com from $325.00 to $300.00 and set an “overweight” rating for the company in a report on Tuesday, August 12th. Finally, Cowen reissued a “buy” rating on shares of monday.com in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, monday.com has an average rating of “Moderate Buy” and a consensus price target of $303.59.

monday.com Trading Up 3.3%

MNDY stock opened at $181.80 on Wednesday. The firm has a 50 day simple moving average of $257.67 and a 200-day simple moving average of $270.08. The company has a market capitalization of $9.23 billion, a P/E ratio of 245.68, a PEG ratio of 10.57 and a beta of 1.27. monday.com has a twelve month low of $166.22 and a twelve month high of $342.64.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, August 11th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.25. The firm had revenue of $299.01 million for the quarter, compared to the consensus estimate of $293.60 million. monday.com had a net margin of 3.63% and a return on equity of 6.32%. The firm’s revenue was up 26.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.94 EPS. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts predict that monday.com will post 0.46 EPS for the current year.

Hedge Funds Weigh In On monday.com

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MNDY. ASR Vermogensbeheer N.V. bought a new stake in monday.com during the 1st quarter valued at $25,000. Summit Securities Group LLC acquired a new position in shares of monday.com during the first quarter valued at $25,000. NewEdge Advisors LLC raised its stake in shares of monday.com by 2,120.0% during the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after purchasing an additional 106 shares in the last quarter. Grove Bank & Trust acquired a new stake in monday.com in the first quarter worth about $30,000. Finally, First Horizon Advisors Inc. grew its position in monday.com by 72.9% in the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the company’s stock valued at $40,000 after buying an additional 70 shares in the last quarter. 73.70% of the stock is owned by institutional investors.

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.