monday.com (NASDAQ:MNDY) Stock Rating Lowered by Wall Street Zen

monday.com (NASDAQ:MNDY) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other research analysts also recently commented on the company. UBS Group decreased their price objective on monday.com from $93.00 to $85.00 and set a “neutral” rating on the stock in a report on Tuesday, May 12th. BTIG Research dropped their target price on monday.com from $135.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Barclays raised their price target on monday.com from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of monday.com in a research note on Thursday, June 11th. Finally, TD Cowen boosted their price objective on monday.com from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Seventeen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, monday.com has a consensus rating of “Moderate Buy” and a consensus target price of $126.48.

monday.com Stock Performance

MNDY stock opened at $79.77 on Friday. monday.com has a 52 week low of $57.50 and a 52 week high of $314.99. The firm’s fifty day moving average is $75.90 and its 200 day moving average is $90.61. The firm has a market cap of $4.08 billion, a P/E ratio of 34.68, a P/E/G ratio of 3.99 and a beta of 1.26.

monday.com (NASDAQ:MNDY) last issued its earnings results on Friday, March 13th. The company reported $1.15 EPS for the quarter. The company had revenue of $351.26 million for the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. As a group, analysts forecast that monday.com will post 1.59 EPS for the current year.

Hedge Funds Weigh In On monday.com

Several hedge funds and other institutional investors have recently modified their holdings of MNDY. AMS Capital Ltda boosted its holdings in shares of monday.com by 144.4% during the first quarter. AMS Capital Ltda now owns 67,172 shares of the company’s stock worth $4,642,000 after purchasing an additional 39,692 shares during the period. Empowered Funds LLC increased its holdings in monday.com by 4,194.6% during the 1st quarter. Empowered Funds LLC now owns 14,430 shares of the company’s stock valued at $997,000 after purchasing an additional 14,094 shares during the period. Bank of America Corp DE increased its holdings in monday.com by 33.6% during the 1st quarter. Bank of America Corp DE now owns 194,635 shares of the company’s stock valued at $13,451,000 after purchasing an additional 49,002 shares during the period. Arkadios Wealth Advisors bought a new position in monday.com during the 1st quarter valued at approximately $1,534,000. Finally, EverSource Wealth Advisors LLC raised its position in monday.com by 498.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 425 shares of the company’s stock valued at $29,000 after purchasing an additional 354 shares during the last quarter. 73.70% of the stock is owned by institutional investors.

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.