monday.com (NASDAQ:MNDY) Reaches New 12-Month Low – Should You Sell?

monday.com Ltd. (NASDAQ:MNDYGet Free Report)’s share price hit a new 52-week low on Thursday . The stock traded as low as $67.50 and last traded at $70.1250, with a volume of 100167 shares trading hands. The stock had previously closed at $69.28.

monday.com News Roundup

Here are the key news stories impacting monday.com this week:

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Barclays set a $115.00 price target on shares of monday.com in a research report on Tuesday, February 10th. Tigress Financial lifted their price objective on shares of monday.com from $295.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Morgan Stanley dropped their target price 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. Loop Capital set a $80.00 target price on shares of monday.com in a report on Tuesday, February 10th. Finally, Oppenheimer decreased their price target on shares of monday.com from $200.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday, February 9th. Nineteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.38.

Get Our Latest Research Report on MNDY

monday.com Price Performance

The firm’s fifty day simple moving average is $87.24 and its 200 day simple moving average is $141.31. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 1.28 and a beta of 1.31.

monday.com (NASDAQ:MNDYGet Free Report) last released its quarterly earnings results on Monday, February 9th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. monday.com had a net margin of 9.64% and a return on equity of 4.80%. The business had revenue of $333.88 million for the quarter, compared to analyst estimates of $329.71 million. During the same quarter in the previous year, the business earned $1.08 earnings per share. The firm’s revenue was up 24.6% compared to the same quarter last year. Equities research analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On monday.com

Institutional investors and hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC increased its holdings in shares of monday.com by 2,120.0% in the 1st 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. Promus Capital LLC acquired a new position in monday.com in the 2nd quarter valued at approximately $45,000. Advisory Services Network LLC purchased a new stake in monday.com in the 3rd quarter worth approximately $28,000. EverSource Wealth Advisors LLC lifted its position in monday.com by 76.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock worth $47,000 after buying an additional 65 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of monday.com during the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 73.70% of the company’s stock.

About monday.com

(Get Free Report)

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.

Further Reading

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.