monday.com (NASDAQ:MNDY) Research Coverage Started at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of monday.com (NASDAQ:MNDY) in a research note released on Tuesday morning, MarketBeat.com reports. The firm issued an overweight rating and a $260.00 price objective on the stock.

A number of other brokerages have also recently issued reports on MNDY. Robert W. Baird reduced their price objective on shares of monday.com from $310.00 to $240.00 and set an “outperform” rating for the company in a report on Tuesday, August 12th. Canaccord Genuity Group reduced their price objective on shares of monday.com from $350.00 to $255.00 and set a “buy” rating for the company in a report on Tuesday, August 12th. Citigroup lifted their price objective on shares of monday.com from $326.00 to $332.00 and gave the company a “buy” rating in a report on Tuesday. Jefferies Financial Group cut their price target on shares of monday.com from $360.00 to $330.00 and set a “buy” rating on the stock in a report on Monday, August 11th. Finally, UBS Group cut their price target on shares of monday.com from $310.00 to $215.00 and set a “neutral” rating on the stock in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $292.36.

monday.com Trading Down 1.1%

NASDAQ:MNDY opened at $182.26 on Tuesday. The stock has a market capitalization of $9.25 billion, a price-to-earnings ratio of 246.30, a PEG ratio of 8.71 and a beta of 1.24. The firm has a fifty day simple moving average of $205.59 and a two-hundred day simple moving average of $253.49. monday.com has a 12 month low of $166.22 and a 12 month high of $342.64.

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

Institutional Trading of monday.com

Hedge funds and other institutional investors have recently modified their holdings of the business. ASR Vermogensbeheer N.V. bought a new stake in shares of monday.com in the first quarter valued at approximately $25,000. Summit Securities Group LLC bought a new stake in shares of monday.com in the first quarter valued at approximately $25,000. NewEdge Advisors LLC raised its position in shares of monday.com by 2,120.0% in 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 during the period. Grove Bank & Trust bought a new stake in shares of monday.com in the first quarter valued at approximately $30,000. Finally, First Horizon Advisors Inc. raised its position in shares of monday.com by 72.9% in the first quarter. First Horizon Advisors Inc. now owns 166 shares of the company’s stock valued at $40,000 after purchasing an additional 70 shares during the period. Institutional investors own 73.70% of the company’s stock.

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.