monday.com (NASDAQ:MNDY) Issues Quarterly Earnings Results

Key Points

• monday.com reported a quarterly earnings per share (EPS) of $0.03, missing the consensus estimate of $0.84 by $0.81, and updated its fiscal year 2025 guidance.
• Despite recent poor earnings, several brokerages have maintained a predominantly positive outlook, with an average target price of $348.09 and a "Moderate Buy" rating.
• NewEdge Advisors significantly increased its position in monday.com by 2,120%, holding 111 shares valued at $27,000, while institutional investors own 73.70% of the stock.

monday.com (NASDAQ:MNDY - Get Free Report) posted its quarterly earnings data on Monday. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.25, Briefing.com reports. monday.com had a net margin of 3.63% and a return on equity of 6.32%. The company had revenue of $299.01 million during the quarter, compared to analyst estimates of $293.60 million. During the same quarter last year, the firm posted $0.94 EPS. The business's revenue for the quarter was up 26.6% on a year-over-year basis. monday.com updated its FY 2025 guidance to EPS and its Q3 2025 guidance to EPS.

monday.com Price Performance

NASDAQ:MNDY traded down $1.59 during mid-day trading on Thursday, reaching $176.92. The stock had a trading volume of 2,354,840 shares, compared to its average volume of 895,961. The business's 50 day moving average is $281.87 and its 200 day moving average is $275.46. monday.com has a fifty-two week low of $171.54 and a fifty-two week high of $342.64. The stock has a market cap of $8.98 billion, a P/E ratio of 239.08, a PEG ratio of 62.29 and a beta of 1.27.

Analyst Ratings Changes

MNDY has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their price objective on shares of monday.com from $350.00 to $270.00 and set a "buy" rating for the company in a research note on Wednesday. KeyCorp reaffirmed an "overweight" rating and set a $330.00 price objective on shares of monday.com in a research note on Monday. Scotiabank upped their price objective on shares of monday.com from $315.00 to $330.00 and gave the company a "sector outperform" rating in a research note on Friday, May 2nd. 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. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $300.00 price objective on shares of monday.com in a research note on Monday. Two analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $305.18.

Hedge Funds Weigh In On monday.com

Hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in monday.com by 76.5% during the second quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company's stock valued at $47,000 after purchasing an additional 65 shares during the last quarter. NewEdge Advisors LLC grew its holdings in 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 last quarter. Quantinno Capital Management LP grew its holdings in monday.com by 5.6% during the second quarter. Quantinno Capital Management LP now owns 7,782 shares of the company's stock valued at $2,447,000 after purchasing an additional 413 shares during the last quarter. Sei Investments Co. grew its holdings in monday.com by 0.6% during the second quarter. Sei Investments Co. now owns 78,165 shares of the company's stock valued at $24,581,000 after purchasing an additional 496 shares during the last quarter. Finally, Cerity Partners LLC grew its holdings in monday.com by 28.8% during the second quarter. Cerity Partners LLC now owns 2,596 shares of the company's stock valued at $816,000 after purchasing an additional 580 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.

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.