monday.com Ltd. (NASDAQ:MNDY - Get Free Report) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 3,170,000 shares, an increase of 23.8% from the August 15th total of 2,560,000 shares. Approximately 7.7% of the company's stock are sold short. Based on an average daily volume of 1,010,000 shares, the days-to-cover ratio is currently 3.1 days. Based on an average daily volume of 1,010,000 shares, the days-to-cover ratio is currently 3.1 days. Approximately 7.7% of the company's stock are sold short.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the stock. TD Cowen dropped their price objective on shares of monday.com from $360.00 to $290.00 and set a "buy" rating for the company in a report on Tuesday, August 12th. Wells Fargo & Company set a $365.00 price target on shares of monday.com and gave the company an "overweight" rating in a research report on Friday, June 13th. UBS Group dropped their price objective on monday.com from $310.00 to $215.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 12th. The Goldman Sachs Group lowered their target price on monday.com from $350.00 to $270.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. Finally, Robert W. Baird decreased their price objective on monday.com from $310.00 to $240.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $296.86.
View Our Latest Research Report on MNDY
monday.com Price Performance
Shares of NASDAQ:MNDY traded down $5.68 during midday trading on Monday, hitting $213.47. The company had a trading volume of 625,320 shares, compared to its average volume of 962,532. The business's 50-day simple moving average is $221.20 and its 200-day simple moving average is $256.53. The stock has a market cap of $10.84 billion, a price-to-earnings ratio of 288.35, a price-to-earnings-growth ratio of 10.36 and a beta of 1.25. monday.com has a twelve month low of $166.22 and a twelve month high of $342.64.
monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.84 by $0.25. monday.com had a return on equity of 6.32% and a net margin of 3.63%.The business had revenue of $299.01 million during the quarter, compared to analyst estimates of $293.60 million. During the same period last year, the business posted $0.94 earnings per share. The company's quarterly revenue was up 26.6% on a year-over-year basis. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that monday.com will post 0.46 EPS for the current year.
Hedge Funds Weigh In On monday.com
Several institutional investors have recently added to or reduced their stakes in MNDY. ASR Vermogensbeheer N.V. acquired a new position in monday.com during the 1st quarter worth approximately $25,000. Summit Securities Group LLC acquired a new position in monday.com during the 1st quarter worth approximately $25,000. NewEdge Advisors LLC increased its position in monday.com by 2,120.0% during the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company's stock worth $27,000 after purchasing an additional 106 shares during the period. Grove Bank & Trust purchased a new stake in shares of monday.com during the 1st quarter worth approximately $30,000. Finally, First Horizon Advisors Inc. boosted its stake in shares of monday.com by 72.9% during the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock worth $40,000 after acquiring an additional 70 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.
monday.com Company Profile
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Get Free Report)
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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