monday.com (NASDAQ:MNDY) Given New $90.00 Price Target at Loop Capital

Key Points

• Loop Capital cut its price target on monday.com from $100 to $90 and maintained a Hold rating; the new target implies 12.6% upside from the prior close.
• Analysts’ overall view is Hold, with 15 Hold and 10 Buy ratings and a consensus price target of $106.04.
• Quarterly results beat estimates, with EPS of $2.14 and revenue of $377.5 million, up 19.1% year over year; however, Q4 revenue guidance of $380–$382 million was below analyst expectations.

monday.com (NASDAQ:MNDY - Get Free Report) had its price target cut by analysts at Loop Capital from $100.00 to $90.00 in a report released on Monday, Benzinga reports. The firm currently has a "hold" rating on the stock. Loop Capital's target price would indicate a potential upside of 12.60% from the company's previous close.

A number of other research analysts have also recently issued reports on the stock. Weiss Ratings raised shares of monday.com from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, October 15th. Jefferies Financial Group reissued a "hold" rating and set a $95.00 target price on shares of monday.com in a research note on Monday, August 10th. Wells Fargo & Company dropped their target price on shares of monday.com from $130.00 to $120.00 and set an "overweight" rating for the company in a report on Tuesday, August 11th. UBS Group restated a "buy" rating on shares of monday.com in a research note on Tuesday, October 27th. Finally, Guggenheim restated a "buy" rating and issued a $130.00 price target on shares of monday.com in a research note on Tuesday, November 3rd. Ten investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company's stock. According to data from MarketBeat, monday.com currently has a consensus rating of "Hold" and an average target price of $106.04.

monday.com Price Performance

MNDY traded down $8.00 on Monday, hitting $79.93. 3,091,916 shares of the stock were exchanged, compared to its average volume of 1,760,478. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 1.98 and a beta of 1.06. monday.com has a 12 month low of $57.50 and a 12 month high of $169.76. The business has a 50-day moving average of $90.72 and a two-hundred day moving average of $83.05.

monday.com (NASDAQ:MNDY - Get Free Report) last released its earnings results on Monday, November 9th. The company reported $2.14 EPS for the quarter, beating the consensus estimate of $1.41 by $0.73. The firm had revenue of $377.54 million for the quarter, compared to analyst estimates of $369.17 million. monday.com had a net margin of 8.87% and a return on equity of 9.09%. The business's quarterly revenue was up 19.1% compared to the same quarter last year. During the same period last year, the firm earned $1.16 EPS. Equities research analysts expect that monday.com will post 2.34 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Aviad Eyal sold 2,000 shares of the firm's stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $100.04, for a total transaction of $200,080.00. Following the completion of the transaction, the director owned 203,455 shares of the company's stock, valued at approximately $20,353,638.20. This trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 22.30% of the company's stock.

Institutional Investors Weigh In On monday.com

A number of institutional investors have recently made changes to their positions in MNDY. Renaissance Technologies LLC raised its stake in monday.com by 93.3% during the first quarter. Renaissance Technologies LLC now owns 2,181,990 shares of the company's stock worth $150,797,000 after buying an additional 1,052,900 shares during the last quarter. RPD Fund Management LLC acquired a new stake in monday.com during the 1st quarter worth about $17,529,000. Bank of America Corp DE raised its position in shares of monday.com by 33.6% in the 1st quarter. Bank of America Corp DE now owns 194,635 shares of the company's stock worth $13,451,000 after acquiring an additional 49,002 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of monday.com by 4,477.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 178,530 shares of the company's stock worth $13,946,000 after acquiring an additional 174,630 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of monday.com by 28.6% in the 1st quarter. Swiss National Bank now owns 159,100 shares of the company's stock worth $10,995,000 after acquiring an additional 35,400 shares in the last quarter. Institutional investors own 73.70% of the company's stock.

Trending Headlines about monday.com

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

• Positive Sentiment: Q3 revenue was $377.5 million, above expectations of about $369.2 million and up 19.1% year over year. Earnings of $2.14 per share also topped consensus near $1.41, with margin improvement adding to the strong results. Article: monday.com Tops Q3 Earnings and Revenue Estimates
• Neutral Sentiment: The company is investing in AI capabilities, but the transition may create near-term headwinds as it develops and monetizes new products. Article: monday.com warns of slower growth as AI shift brings near-term headwinds
• Negative Sentiment: Q4 revenue guidance of $380 million to $382 million came in below analyst expectations. The outlook signals slower growth, raising concerns that near-term momentum may not match the Q3 results. Article: monday.com Expects Q4 Revenue of $380M–$382M
• Negative Sentiment: Bearish options activity rose sharply, with investors buying 14,663 put options—about 550% above the average volume. This suggests increased hedging or bearish positioning, though it does not establish a change in the company’s fundamentals.

monday.com Company Profile

monday.com Ltd. is a software company that provides a cloud-based platform for organizations to plan, manage and track work. Founded in 2012 as dapulse, the company adopted the monday.com name in 2017.

Its products include monday work management, monday CRM, monday dev and monday service. The platform offers tools for project and workflow management, customer relationship management, software development and service operations, with features for collaboration, automation and reporting.

Headquartered in Tel Aviv, Israel, monday.com serves customers across a range of industries and geographies.

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