monday.com Ltd. (NASDAQ:MNDY - Get Free Report) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 3,170,000 shares, a growth of 23.8% from the August 15th total of 2,560,000 shares. Based on an average trading volume of 1,010,000 shares, the days-to-cover ratio is currently 3.1 days. Approximately 7.7% of the shares of the stock are short sold. Approximately 7.7% of the shares of the stock are short sold. Based on an average trading volume of 1,010,000 shares, the days-to-cover ratio is currently 3.1 days.
monday.com Stock Performance
Shares of NASDAQ:MNDY traded up $12.97 on Friday, hitting $219.15. 2,336,362 shares of the company were exchanged, compared to its average volume of 1,246,428. The company's 50 day moving average price is $221.20 and its two-hundred day moving average price is $256.51. monday.com has a one year low of $166.22 and a one year high of $342.64. The firm has a market capitalization of $11.13 billion, a price-to-earnings ratio of 296.15, a PEG ratio of 13.17 and a beta of 1.25.
monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.25. The company had revenue of $299.01 million for the quarter, compared to the consensus estimate of $293.60 million. monday.com had a net margin of 3.63% and a return on equity of 6.32%. The business's revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.94 EPS. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts predict that monday.com will post 0.46 earnings per share for the current year.
Hedge Funds Weigh In On monday.com
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. ASR Vermogensbeheer N.V. acquired a new position in monday.com in the first quarter worth $25,000. Summit Securities Group LLC acquired a new position in monday.com in the first quarter worth $25,000. NewEdge Advisors LLC boosted its stake in monday.com by 2,120.0% in the first quarter. NewEdge Advisors LLC now owns 111 shares of the company's stock worth $27,000 after purchasing an additional 106 shares in the last quarter. Grove Bank & Trust acquired a new stake in shares of monday.com in the first quarter valued at approximately $30,000. Finally, First Horizon Advisors Inc. increased its holdings in shares of monday.com by 72.9% in the first quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock valued at $40,000 after purchasing an additional 70 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms recently commented on MNDY. Zacks Research lowered shares of monday.com from a "hold" rating to a "strong sell" rating in a research note on Friday, August 22nd. Wells Fargo & Company set a $365.00 price objective on shares of monday.com and gave the company an "overweight" rating in a research note on Friday, June 13th. Piper Sandler decreased their price target on shares of monday.com from $300.00 to $275.00 and set an "overweight" rating on the stock in a research report on Thursday. Wall Street Zen lowered shares of monday.com from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Finally, The Goldman Sachs Group decreased their price target on shares of monday.com from $350.00 to $270.00 and set a "buy" rating on the stock in a research report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, monday.com has a consensus rating of "Moderate Buy" and a consensus price target of $296.86.
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About monday.com
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monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, the United Kingdom, and internationally. The company provides Work OS, a cloud-based visual work operating system that consists of modular building blocks used and assembled to create software applications and work management tools.
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