Stock Traders Buy High Volume of Put Options on monday.com (NASDAQ:MNDY)

monday.com Ltd. (NASDAQ:MNDY) was the target of unusually large options trading activity on Wednesday. Stock investors bought 5,070 put options on the company. This represents an increase of 49% compared to the average volume of 3,412 put options.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Canaccord Genuity Group reduced their target price on shares of monday.com from $255.00 to $230.00 and set a “buy” rating for the company in a report on Tuesday. Jefferies Financial Group cut their price target on monday.com from $330.00 to $300.00 and set a “buy” rating for the company in a report on Tuesday. TD Cowen decreased their price objective on shares of monday.com from $360.00 to $290.00 and set a “buy” rating on the stock in a report on Tuesday, August 12th. Oppenheimer assumed coverage on shares of monday.com in a research report on Wednesday, August 27th. They issued an “outperform” rating and a $300.00 price objective on the stock. Finally, Piper Sandler reduced their target price on shares of monday.com from $275.00 to $250.00 and set an “overweight” rating for the company in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, monday.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $270.19.

Institutional Investors Weigh In On monday.com

Hedge funds have recently modified their holdings of the company. ASR Vermogensbeheer N.V. acquired a new stake in monday.com during the 1st quarter worth approximately $25,000. Summit Securities Group LLC acquired a new stake in monday.com during the 1st quarter worth about $25,000. NewEdge Advisors LLC grew 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 bought a new stake in shares of monday.com in the 2nd quarter valued at $45,000. Finally, Smartleaf Asset Management LLC increased its stake in monday.com by 575.8% in the third quarter. Smartleaf Asset Management LLC now owns 223 shares of the company’s stock valued at $45,000 after purchasing an additional 190 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Stock Down 3.5%

Shares of NASDAQ:MNDY traded down $5.83 during trading on Wednesday, reaching $159.36. 738,522 shares of the company traded hands, compared to its average volume of 1,006,513. The firm has a market capitalization of $8.09 billion, a PE ratio of 129.16, a PEG ratio of 7.85 and a beta of 1.24. monday.com has a 52 week low of $151.00 and a 52 week high of $342.64. The company’s 50 day moving average is $192.10 and its two-hundred day moving average is $241.55.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Monday, November 10th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.27. The company had revenue of $316.86 million for the quarter, compared to analyst estimates of $312.26 million. monday.com had a return on equity of 6.21% and a net margin of 5.58%.The company’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 EPS. monday.com has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts anticipate that monday.com will post 0.46 EPS for the current year.

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.