monday.com (NASDAQ:MNDY) Price Target Cut to $200.00 by Analysts at UBS Group

monday.com (NASDAQ:MNDY) had its price objective reduced by analysts at UBS Group from $215.00 to $200.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential upside of 21.08% from the company’s current price.

A number of other equities analysts have also recently weighed in on the company. KeyCorp reaffirmed an “overweight” rating and issued a $330.00 price target on shares of monday.com in a report on Monday, August 11th. DA Davidson reduced their target price on monday.com from $275.00 to $250.00 and set a “buy” rating for the company in a research note on Tuesday. TD Cowen decreased their target price on monday.com from $360.00 to $290.00 and set a “buy” rating on the stock in a research report on Tuesday, August 12th. The Goldman Sachs Group cut their price target on shares of monday.com from $350.00 to $270.00 and set a “buy” rating for the company in a report on Wednesday, August 13th. Finally, Piper Sandler cut their target price on shares of monday.com from $275.00 to $250.00 and set an “overweight” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $270.19.

monday.com Stock Performance

Shares of MNDY traded down $1.03 during trading hours on Tuesday, hitting $165.18. The stock had a trading volume of 2,859,212 shares, compared to its average volume of 1,008,538. The firm has a 50-day moving average price of $192.54 and a 200 day moving average price of $242.32. monday.com has a fifty-two week low of $151.00 and a fifty-two week high of $342.64. The firm has a market capitalization of $8.39 billion, a price-to-earnings ratio of 223.22, a PEG ratio of 8.96 and a beta of 1.24.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data on Monday, November 10th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.27. The company had revenue of $316.86 million during the quarter, compared to analysts’ expectations of $312.26 million. monday.com had a net margin of 3.63% and a return on equity of 6.32%. The firm’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 earnings per share. monday.com has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, analysts predict that monday.com will post 0.46 EPS for the current fiscal year.

Institutional Trading of monday.com

Several large investors have recently added to or reduced their stakes in MNDY. ASR Vermogensbeheer N.V. acquired a new position in shares of monday.com during the 1st quarter valued at about $25,000. Summit Securities Group LLC purchased a new position in monday.com during the first quarter worth about $25,000. NewEdge Advisors LLC raised its stake in monday.com by 2,120.0% during the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after purchasing an additional 106 shares during the period. Promus Capital LLC acquired a new position in monday.com in the 2nd quarter valued at about $45,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of monday.com by 76.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $47,000 after buying an additional 65 shares during the period. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

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.