monday.com (NASDAQ:MNDY) Downgraded by Zacks Research to "Hold"

Key Points

• Zacks Research downgraded monday.com (NASDAQ:MNDY) from a "strong-buy" to a "hold" in a recent research note.
• Analyst views are mixed — 19 Buys, 6 Holds and 1 Sell — with an average rating of Moderate Buy and an average price target of $155.38 despite several downward revisions.
• monday.com reported a beat (EPS $1.04 vs. $0.91) and revenue of $333.9M (+24.6% YoY), but the stock trades around $78.48, well below its 200‑day moving average of $153.33 amid the sell‑off.

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

Other equities research analysts also recently issued reports about the company. Loop Capital set a $80.00 target price on monday.com in a research report on Tuesday, February 10th. Cantor Fitzgerald decreased their price objective on monday.com from $148.00 to $95.00 and set an "overweight" rating on the stock in a report on Tuesday, February 10th. KeyCorp cut their target price on monday.com from $220.00 to $140.00 and set an "overweight" rating for the company in a research note on Tuesday, February 10th. Needham & Company LLC decreased their price target on shares of monday.com from $250.00 to $125.00 and set a "buy" rating on the stock in a research note on Monday, February 9th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of monday.com in a report on Thursday, January 22nd. Nineteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $155.38.

monday.com Stock Up 3.2%

Shares of MNDY stock opened at $78.48 on Wednesday. monday.com has a 12 month low of $68.68 and a 12 month high of $316.98. The firm has a market cap of $3.98 billion, a PE ratio of 34.88, a price-to-earnings-growth ratio of 1.41 and a beta of 1.31. The stock has a 50 day moving average of $109.21 and a 200-day moving average of $153.33.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings data on Monday, February 9th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.13. The business had revenue of $333.88 million for the quarter, compared to the consensus estimate of $329.71 million. monday.com had a net margin of 9.64% and a return on equity of 4.80%. monday.com's quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the company posted $1.08 earnings per share. As a group, equities analysts predict that monday.com will post 0.46 EPS for the current fiscal year.

Hedge Funds Weigh In On monday.com

Several institutional investors have recently bought and sold shares of the business. Capital World Investors increased its stake in shares of monday.com by 91.4% in the fourth quarter. Capital World Investors now owns 3,286,461 shares of the company's stock valued at $484,950,000 after buying an additional 1,569,198 shares in the last quarter. Norges Bank bought a new stake in monday.com during the 4th quarter worth about $79,789,000. SG Americas Securities LLC grew its holdings in monday.com by 110.9% during the 4th quarter. SG Americas Securities LLC now owns 932,912 shares of the company's stock worth $137,660,000 after acquiring an additional 490,491 shares during the last quarter. Baillie Gifford & Co. increased its position in monday.com by 136.5% in the 3rd quarter. Baillie Gifford & Co. now owns 708,278 shares of the company's stock valued at $137,186,000 after acquiring an additional 408,848 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of monday.com by 2,501.5% in the third quarter. Nordea Investment Management AB now owns 326,951 shares of the company's stock worth $62,990,000 after acquiring an additional 314,383 shares during the last quarter. Institutional investors own 73.70% of the company's stock.

About monday.com

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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