Cantor Fitzgerald Has Lowered Expectations for monday.com (NASDAQ:MNDY) Stock Price

monday.com (NASDAQ:MNDY) had its price target dropped by analysts at Cantor Fitzgerald from $215.00 to $148.00 in a research note issued to investors on Wednesday, MarketBeat.com reports. The firm currently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price would suggest a potential upside of 56.46% from the company’s current price.

Other research analysts have also issued research reports about the company. DA Davidson lowered their price target on monday.com from $275.00 to $250.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Jefferies Financial Group decreased their target price on monday.com from $300.00 to $260.00 and set a “buy” rating for the company in a report on Monday, January 5th. Morgan Stanley cut their price target on shares of monday.com from $236.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday, January 27th. Citigroup reduced their price objective on shares of monday.com from $293.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Barclays dropped their target price on shares of monday.com from $202.00 to $194.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $234.22.

monday.com Stock Down 9.7%

Shares of MNDY opened at $94.59 on Wednesday. The stock has a market capitalization of $4.80 billion, a P/E ratio of 76.90, a PEG ratio of 2.37 and a beta of 1.25. The firm has a fifty day simple moving average of $139.65 and a two-hundred day simple moving average of $177.08. monday.com has a twelve month low of $94.27 and a twelve month high of $342.64.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data on Monday, November 10th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.27. The firm had revenue of $316.86 million for the quarter, compared to analysts’ expectations of $312.26 million. monday.com had a net margin of 5.58% and a return on equity of 5.99%. The company’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.85 earnings per share. Sell-side analysts expect that monday.com will post 0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On monday.com

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. WCM Investment Management LLC increased its position in shares of monday.com by 2.8% during the third quarter. WCM Investment Management LLC now owns 4,184,745 shares of the company’s stock valued at $843,519,000 after acquiring an additional 115,353 shares in the last quarter. Coronation Fund Managers Ltd. lifted its position in monday.com by 15.8% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 78,577 shares of the company’s stock valued at $24,711,000 after acquiring an additional 10,693 shares in the last quarter. Baillie Gifford & Co. boosted its stake in monday.com by 136.5% during the 3rd quarter. Baillie Gifford & Co. now owns 708,278 shares of the company’s stock valued at $137,186,000 after purchasing an additional 408,848 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of monday.com by 17.9% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 79,009 shares of the company’s stock worth $15,303,000 after purchasing an additional 12,000 shares in the last quarter. Finally, J. Safra Sarasin Holding AG raised its stake in shares of monday.com by 67.9% in the third quarter. J. Safra Sarasin Holding AG now owns 47,068 shares of the company’s stock worth $9,117,000 after purchasing an additional 19,034 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Company Profile

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.