monday.com (NASDAQ:MNDY) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded monday.com from “hold” to “buy,” while broader analyst coverage remains favorable, with a consensus “Moderate Buy” rating and an average price target of $111.70.
• monday.com reported quarterly earnings of $1.48 per share, beating estimates by $0.37, while revenue reached $364.62 million—up 21.9% year over year and above expectations.
• MNDY shares opened at $95.60, versus a 52-week range of $57.50 to $210.49. Institutional investors own 73.70% of the company, while an insider recently sold 2,000 shares under a pre-arranged trading plan.

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

Several other brokerages also recently commented on MNDY. Needham & Company LLC reissued a "buy" rating and issued a $125.00 target price on shares of monday.com in a report on Tuesday, October 27th. Piper Sandler reaffirmed a "neutral" rating and set a $90.00 price target on shares of monday.com in a report on Thursday. Capital One Financial downgraded monday.com from an "overweight" rating to an "equal weight" rating and set a $95.00 price objective for the company. in a research report on Monday, August 10th. Wolfe Research lowered monday.com from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, August 11th. Finally, BTIG Research restated a "buy" rating and set a $105.00 target price on shares of monday.com in a report on Thursday. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $111.70.

monday.com Stock Performance

Shares of MNDY stock opened at $95.60 on Friday. monday.com has a 52-week low of $57.50 and a 52-week high of $210.49. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 40.68, a P/E/G ratio of 2.16 and a beta of 1.14. The firm has a fifty day moving average of $90.78 and a 200-day moving average of $83.99.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings data 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. monday.com had a return on equity of 9.09% and a net margin of 8.87%. The company had revenue of $364.62 million for the quarter, compared to the consensus estimate of $355.55 million. During the same period in the previous year, the business earned $1.09 earnings per share. The company's quarterly revenue was up 21.9% on a year-over-year basis. On average, sell-side analysts predict that monday.com will post 2.34 earnings per share for the current year.

Insider Activity at monday.com

In related news, Director Aviad Eyal sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $100.04, for a total value of $200,080.00. Following the completion of the sale, the director owned 203,455 shares of the company's stock, valued at $20,353,638.20. This trade represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 22.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. SEB Asset Management AB bought a new position in shares of monday.com in the 1st quarter valued at about $1,639,000. Swiss National Bank grew its position in shares of monday.com by 28.6% during the 1st quarter. Swiss National Bank now owns 159,100 shares of the company's stock worth $10,995,000 after buying an additional 35,400 shares during the period. Empowered Funds LLC raised its stake in shares of monday.com by 4,194.6% during the first quarter. Empowered Funds LLC now owns 14,430 shares of the company's stock worth $997,000 after buying an additional 14,094 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of monday.com during the second quarter worth approximately $970,000. Finally, Arkadios Wealth Advisors bought a new stake in shares of monday.com during the first quarter worth approximately $1,534,000. Institutional investors and hedge funds own 73.70% of the company's stock.

About monday.com

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.

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