monday.com (NASDAQ:MNDY) Stock Gets Downgrade from Wall Street Zen

Key Points

• Wall Street Zen downgraded monday.com from “Buy” to “Hold.” The broader analyst consensus is also “Hold,” with 12 Buy ratings, 13 Hold ratings and an average price target of $111.70.
• monday.com reported a quarterly earnings beat, delivering $1.48 in EPS versus the $1.11 estimate and $364.62 million in revenue, up 21.9% year over year.
• Shares opened at $106.53, while institutional investors own 73.70% of the stock. Director Aviad Eyal sold 2,000 shares for about $200,080 under a pre-arranged Rule 10b5-1 plan.

monday.com (NASDAQ:MNDY - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

A number of other brokerages have also recently commented on MNDY. BTIG Research reaffirmed a "buy" rating and issued a $105.00 target price on shares of monday.com in a report on Monday, August 10th. Weiss Ratings raised shares of monday.com from a "sell (d+)" rating to a "hold (c-)" rating in a report on Thursday, October 15th. TD Cowen restated a "buy" rating and set a $110.00 price target on shares of monday.com in a report on Tuesday, August 11th. Capital One Financial downgraded shares of monday.com from an "overweight" rating to an "equal weight" rating and set a $95.00 target price on the stock. in a report on Monday, August 10th. Finally, UBS Group increased their price target on monday.com from $85.00 to $95.00 and gave the company a "neutral" rating in a report on Tuesday, August 11th. Twelve research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $111.70.

monday.com Stock Down 0.3%

Shares of MNDY stock opened at $106.53 on Friday. monday.com has a 52 week low of $57.50 and a 52 week high of $210.49. The firm has a market capitalization of $5.45 billion, a PE ratio of 45.33, a P/E/G ratio of 2.41 and a beta of 1.14. The company has a 50 day moving average price of $89.84 and a 200-day moving average price of $81.56.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its earnings results on Monday, August 10th. The company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.11 by $0.37. The business had revenue of $364.62 million during the quarter, compared to analyst estimates of $355.55 million. monday.com had a net margin of 8.87% and a return on equity of 9.09%. The company's quarterly revenue was up 21.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 EPS. Analysts anticipate that monday.com will post 2.34 earnings per share for the current year.

Insider Activity at monday.com

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its holdings in shares of 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 purchasing an additional 1,052,900 shares during the period. RPD Fund Management LLC acquired a new stake in monday.com in the 1st quarter worth about $17,529,000. Bank of America Corp DE lifted its holdings in monday.com by 33.6% in the 1st quarter. Bank of America Corp DE now owns 194,635 shares of the company's stock valued at $13,451,000 after purchasing an additional 49,002 shares in the last quarter. Swiss National Bank boosted its position in monday.com by 28.6% during the first 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 during the last quarter. Finally, Ardmore Road Asset Management LP grew its position in shares of monday.com by 18.1% in the first quarter. Ardmore Road Asset Management LP now owns 118,700 shares of the company's stock valued at $8,203,000 after purchasing an additional 18,234 shares in the last quarter. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting monday.com

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

• Positive Sentiment: A Seeking Alpha analysis rated monday.com a Buy and estimated intrinsic value at $113.50, citing potential margin expansion as operating expenses decline relative to revenue. The article said AI credits could increase revenue per customer, although execution remains important. monday.com: Operating Leverage Creates Upside, But AI Margins Remain The Key Risk
• Positive Sentiment: Other recent commentary described MNDY as potentially undervalued based on discounted future cash flow and estimated the shares could be modestly undervalued following the Harmony launch. The company’s latest reported quarter also showed revenue growth of 21.9% year over year and earnings well above consensus estimates. monday.com Stock Looks Cheap Based On Future Cash Flow monday.com Could Be 2% Undervalued After Harmony Launch
• Neutral Sentiment: monday.com was featured in Zacks’ growth-stock coverage and became one of the most heavily searched stocks on Zacks.com. The visibility may support trading interest, but search activity alone does not change the company’s fundamentals or valuation. Investors Heavily Search monday.com
• Negative Sentiment: Director Eyal Aviad sold 2,000 shares for approximately $200,080. The transaction represented less than 1% of his holdings and was executed under a pre-arranged Rule 10b5-1 plan, reducing its significance but still creating a modest insider-selling signal. In addition, Barclays and Zacks Research recently lowered their ratings, while the broader analyst consensus remains Hold with a $111.70 target. monday.com Director Sells 2,000 Shares

monday.com Company Profile

monday.com Ltd. is a software company that provides a cloud-based Work Operating System (Work OS) designed to help organizations manage projects, workflows and business operations. Its platform uses configurable boards, dashboards, automations, integrations and collaboration tools, enabling teams to organize work and build workflows without extensive software development.

The company offers products tailored to several business functions, including monday work management for project and task coordination, monday CRM for sales and customer relationship processes, monday dev for software development teams, and monday service for managing customer support and service operations.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.