monday.com’s (MNDY) “Buy” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of monday.com (NASDAQ:MNDY) in a research report sent to investors on Thursday morning,Benzinga reports. Needham & Company LLC currently has a $250.00 price objective on the stock.

Several other equities analysts have also recently weighed in on MNDY. TD Cowen cut their price target on monday.com from $360.00 to $290.00 and set a “buy” rating for the company in a report on Tuesday, August 12th. Citigroup dropped their target price on monday.com from $381.00 to $326.00 and set a “buy” rating for the company in a report on Tuesday, August 12th. KeyCorp reiterated an “overweight” rating and issued a $330.00 target price on shares of monday.com in a report on Monday, August 11th. Robert W. Baird dropped their target price on monday.com from $310.00 to $240.00 and set an “outperform” rating for the company in a report on Tuesday, August 12th. Finally, Piper Sandler dropped their target price on monday.com from $325.00 to $300.00 and set an “overweight” rating for the company in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $296.86.

monday.com Stock Up 9.4%

NASDAQ MNDY opened at $206.18 on Thursday. The stock’s 50-day moving average price is $222.51 and its 200-day moving average price is $257.07. monday.com has a 52 week low of $166.22 and a 52 week high of $342.64. The company has a market capitalization of $10.47 billion, a P/E ratio of 278.63, a price-to-earnings-growth ratio of 11.32 and a beta of 1.25.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, August 11th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.25. The company had revenue of $299.01 million for the quarter, compared to the consensus estimate of $293.60 million. monday.com had a return on equity of 6.32% and a net margin of 3.63%.The firm’s quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter last year, the company earned $0.94 EPS. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts anticipate that monday.com will post 0.46 EPS for the current year.

Institutional Trading of monday.com

A number of hedge funds have recently modified their holdings of the stock. Spire Wealth Management boosted its stake in shares of monday.com by 7.9% in the first quarter. Spire Wealth Management now owns 572 shares of the company’s stock worth $139,000 after buying an additional 42 shares during the last quarter. CWM LLC raised its holdings in shares of monday.com by 31.3% during the second quarter. CWM LLC now owns 210 shares of the company’s stock valued at $66,000 after acquiring an additional 50 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of monday.com by 32.7% during the first quarter. Farther Finance Advisors LLC now owns 211 shares of the company’s stock valued at $55,000 after acquiring an additional 52 shares during the last quarter. Dakota Wealth Management increased its holdings in shares of monday.com by 3.0% in the second quarter. Dakota Wealth Management now owns 1,793 shares of the company’s stock valued at $564,000 after purchasing an additional 52 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. increased its holdings in shares of monday.com by 6.1% in the first quarter. Mesirow Financial Investment Management Inc. now owns 950 shares of the company’s stock valued at $231,000 after purchasing an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

About monday.com

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.