Wall Street Zen Downgrades monday.com (NASDAQ:MNDY) to Hold

Key Points

• Wall Street Zen downgraded monday.com from “Buy” to “Hold,” although broader analyst sentiment remains a “Moderate Buy,” with 15 Buy/Strong Buy ratings, nine Holds and one Sell rating. The average price target is $117.91.
• monday.com shares opened at $91.07 after declining 6.4%, with a market capitalization of approximately $4.66 billion and a 52-week range of $57.50 to $220.80.
• The company’s latest quarterly results exceeded expectations: adjusted EPS was $1.48 versus the $1.11 consensus estimate, while revenue rose 21.9% year over year to $364.62 million.

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

A number of other equities analysts have also weighed in on MNDY. TD Cowen restated a "buy" rating and issued a $110.00 price objective on shares of monday.com in a report on Tuesday, August 11th. Zacks Research upgraded shares of monday.com from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 12th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $95.00 price objective on shares of monday.com in a research note on Monday, August 10th. Citigroup decreased their price objective on shares of monday.com from $154.00 to $132.00 and set a "buy" rating on the stock in a research report on Tuesday, August 11th. Finally, Capital One Financial cut monday.com from an "overweight" rating to an "equal weight" rating and set a $95.00 price target on the stock. in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $117.91.

monday.com Stock Down 6.4%

NASDAQ:MNDY opened at $91.07 on Friday. The business's 50-day moving average price is $86.28 and its two-hundred day moving average price is $77.95. monday.com has a twelve month low of $57.50 and a twelve month high of $220.80. The stock has a market cap of $4.66 billion, a P/E ratio of 38.75, a PEG ratio of 2.28 and a beta of 1.15.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported $1.48 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $355.55 million. During the same quarter in the previous year, the firm earned $1.09 earnings per share. monday.com's revenue was up 21.9% on a year-over-year basis. On average, equities research analysts expect that monday.com will post 2.25 EPS for the current fiscal year.

Institutional Investors Weigh In On monday.com

A number of institutional investors and hedge funds have recently modified their holdings of MNDY. NewEdge Advisors LLC boosted its stake in shares of monday.com by 2,120.0% during the first 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. Advisory Services Network LLC bought a new position in monday.com in the third quarter worth approximately $28,000. EverSource Wealth Advisors LLC raised its position in shares of monday.com by 498.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 425 shares of the company's stock worth $29,000 after acquiring an additional 354 shares in the last quarter. Quarry LP purchased a new stake in shares of monday.com during the fourth quarter valued at about $29,000. Finally, Huntington National Bank lifted its position in monday.com by 6,040.0% during the fourth quarter. Huntington National Bank now owns 307 shares of the company's stock valued at $45,000 after acquiring an additional 302 shares during the last quarter. 73.70% of the stock is owned by institutional investors.

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.

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