monday.com (NASDAQ:MNDY) Shares Up 6% - Here's Why

Key Points

• Shares up 6%: monday.com jumped to about $80.56 on Thursday during mid-day trading, with volume of 922,736 shares (down 67% from average) and trading well below its 50‑day ($110.56) and 200‑day ($153.86) moving averages.
• Analysts cut targets: several firms sharply lowered price targets (e.g., BofA to $95, Baird $90, Needham $125, KeyCorp $140, Piper Sandler $100), yet the MarketBeat average price target remains $155.38 and the consensus rating is a "Moderate Buy."
• Quarterly beat and strong revenue growth: monday.com reported $1.04 EPS vs. $0.91 expected and revenue of $333.9M (up 24.6% year‑over‑year), with a net margin of 9.64% and return on equity of 4.80%.

Shares of monday.com Ltd. (NASDAQ:MNDY - Get Free Report) traded up 6% during mid-day trading on Thursday . The stock traded as high as $81.85 and last traded at $80.5550. 922,736 shares traded hands during trading, a decline of 67% from the average session volume of 2,832,532 shares. The stock had previously closed at $76.03.

Analysts Set New Price Targets

Several equities research analysts have commented on MNDY shares. Bank of America dropped their target price on monday.com from $157.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday, February 10th. Robert W. Baird reissued a "neutral" rating and set a $90.00 price objective (down from $175.00) on shares of monday.com in a research report on Tuesday, February 10th. Needham & Company LLC decreased their target price on shares of monday.com from $250.00 to $125.00 and set a "buy" rating for the company in a report on Monday, February 9th. KeyCorp dropped their target price on shares of monday.com from $220.00 to $140.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 10th. Finally, Piper Sandler decreased their price objective on shares of monday.com from $170.00 to $100.00 and set an "overweight" rating for the company in a report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $155.38.

monday.com Price Performance

The business's 50 day moving average price is $110.56 and its 200-day moving average price is $153.86. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 35.20, a price-to-earnings-growth ratio of 1.36 and a beta of 1.31.

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

Institutional Investors Weigh In On monday.com

Several large investors have recently made changes to their positions in MNDY. NewEdge Advisors LLC raised its holdings in shares of monday.com by 2,120.0% during the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company's stock valued at $27,000 after buying an additional 106 shares during the period. Promus Capital LLC acquired a new position in shares of monday.com during the second quarter worth $45,000. Advisory Services Network LLC purchased a new position in shares of monday.com in the third quarter valued at $28,000. EverSource Wealth Advisors LLC grew its holdings in monday.com by 76.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company's stock valued at $47,000 after purchasing an additional 65 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in monday.com by 219.6% during the 2nd quarter. Allworth Financial LP now owns 163 shares of the company's stock valued at $51,000 after purchasing an additional 112 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.

monday.com Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.