monday.com (NASDAQ:MNDY) Stock Price Down 5.5% - What's Next?

Key Points

• monday.com Ltd. stock (NASDAQ:MNDY) dropped 5.5% during mid-day trading, closing at $183.00, with trading volume declining by 36% from the average.
• Multiple research firms have adjusted their price targets for monday.com, with Piper Sandler setting a new target of $275.00, while KeyCorp reaffirmed a target of $330.00 and a consensus rating of "Moderate Buy."
• monday.com reported a revenue increase of 26.6% year-over-year, with earnings per share of $1.09, exceeding analyst expectations.

monday.com Ltd. (NASDAQ:MNDY - Get Free Report)'s stock price fell 5.5% during mid-day trading on Wednesday . The stock traded as low as $186.71 and last traded at $183.00. 618,326 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 966,529 shares. The stock had previously closed at $193.69.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MNDY. Piper Sandler dropped their price target on shares of monday.com from $300.00 to $275.00 and set an "overweight" rating for the company in a research report on Thursday, September 18th. Morgan Stanley raised shares of monday.com from an "equal weight" rating to an "overweight" rating and dropped their price objective for the stock from $330.00 to $260.00 in a report on Tuesday, August 12th. KeyCorp reaffirmed an "overweight" rating and set a $330.00 price objective on shares of monday.com in a report on Monday, August 11th. Zacks Research lowered shares of monday.com from a "hold" rating to a "strong sell" rating in a report on Friday, August 22nd. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, monday.com presently has a consensus rating of "Moderate Buy" and an average price target of $292.36.

monday.com Price Performance

The company's 50 day moving average price is $209.87 and its 200 day moving average price is $254.55. The firm has a market capitalization of $9.31 billion, a P/E ratio of 247.75, a PEG ratio of 9.53 and a beta of 1.25.

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, beating the consensus estimate of $0.84 by $0.25. monday.com had a net margin of 3.63% and a return on equity of 6.32%. The business had revenue of $299.01 million for the quarter, compared to analysts' expectations of $293.60 million. During the same period in the prior year, the firm earned $0.94 earnings per share. monday.com's revenue was up 26.6% compared to the same quarter last year. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Institutional Trading of monday.com

Several hedge funds have recently modified their holdings of MNDY. ASR Vermogensbeheer N.V. bought a new position in monday.com in the first quarter valued at approximately $25,000. Summit Securities Group LLC bought a new position in monday.com in the first quarter valued at approximately $25,000. NewEdge Advisors LLC boosted its stake in monday.com by 2,120.0% in the first quarter. NewEdge Advisors LLC now owns 111 shares of the company's stock valued at $27,000 after acquiring an additional 106 shares during the last quarter. Grove Bank & Trust bought a new position in monday.com in the first quarter valued at approximately $30,000. Finally, First Horizon Advisors Inc. boosted its stake in monday.com by 72.9% in the first quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock valued at $40,000 after acquiring an additional 70 shares during the last quarter. 73.70% of the stock is owned by institutional investors.

About monday.com

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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