monday.com (NASDAQ:MNDY) Issues Earnings Results, Beats Estimates By $0.40 EPS

monday.com (NASDAQ:MNDY - Get Free Report) released its earnings results on Monday. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.40, Briefing.com reports. The firm had revenue of $282.25 million during the quarter, compared to analysts' expectations of $275.93 million. monday.com had a return on equity of 6.22% and a net margin of 3.33%. The company's revenue was up 30.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 EPS. monday.com updated its FY 2025 guidance to EPS and its Q2 2025 guidance to EPS.

monday.com Trading Up 0.1%

MNDY stock traded up $0.16 during mid-day trading on Friday, hitting $293.13. 480,381 shares of the company were exchanged, compared to its average volume of 772,986. The business has a 50 day simple moving average of $259.42 and a 200-day simple moving average of $265.39. The stock has a market capitalization of $14.88 billion, a PE ratio of 488.55, a price-to-earnings-growth ratio of 16.53 and a beta of 1.32. monday.com has a 1-year low of $188.01 and a 1-year high of $342.64.

Institutional Investors Weigh In On monday.com

An institutional investor recently raised its position in monday.com stock. NewEdge Advisors LLC grew its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 2,120.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 111 shares of the company's stock after acquiring an additional 106 shares during the period. NewEdge Advisors LLC's holdings in monday.com were worth $27,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.

Analyst Ratings Changes

MNDY has been the subject of several analyst reports. DA Davidson decreased their price objective on monday.com from $350.00 to $290.00 and set a "buy" rating for the company in a report on Monday, April 14th. Tigress Financial raised their price objective on monday.com from $340.00 to $450.00 and gave the company a "buy" rating in a report on Friday, February 21st. Loop Capital decreased their price objective on monday.com from $385.00 to $375.00 and set a "buy" rating for the company in a report on Tuesday. Piper Sandler raised their price objective on monday.com from $305.00 to $325.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Finally, Canaccord Genuity Group decreased their price objective on monday.com from $375.00 to $350.00 and set a "buy" rating for the company in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $346.50.

monday.com Company Profile

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.