monday.com (NASDAQ:MNDY) Stock Gets Price Target Trim from Morgan Stanley

monday.com (NASDAQ:MNDY) had its target price trimmed by Morgan Stanley from $115.00 to $109.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Other equities analysts also recently issued research reports about the company. Oppenheimer set a $90.00 price objective on monday.com in a report on Monday. Barclays lowered their price objective on monday.com from $100.00 to $91.00 and set an “equal weight” rating for the company in a research report on Tuesday. Piper Sandler restated a “neutral” rating and set a $90.00 target price on shares of monday.com in a report on Thursday, October 29th. Capital One Financial downgraded shares of monday.com from an “overweight” rating to an “equal weight” rating and set a $95.00 target price on the stock. in a research report on Monday, August 10th. Finally, Citigroup reduced their target price on shares of monday.com from $154.00 to $132.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Nine analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $103.09.

monday.com Stock Performance

Shares of NASDAQ:MNDY opened at $77.04 on Tuesday. monday.com has a 52-week low of $57.50 and a 52-week high of $164.49. The firm has a market capitalization of $3.94 billion, a P/E ratio of 26.57, a P/E/G ratio of 1.40 and a beta of 1.06. The stock has a 50 day moving average price of $89.08 and a 200-day moving average price of $82.03.

monday.com (NASDAQ:MNDY) last released its earnings results on Monday, November 9th. The company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.73. monday.com had a return on equity of 16.75% and a net margin of 10.05%. The company had revenue of $377.54 million during the quarter, compared to analysts’ expectations of $369.17 million. During the same quarter last year, the business posted $1.16 EPS. The firm’s revenue for the quarter was up 19.1% compared to the same quarter last year. On average, equities analysts forecast that monday.com will post 2.34 EPS for the current fiscal year.

Insider Buying and Selling

In other monday.com news, Director Aviad Eyal sold 2,000 shares of the stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $100.04, for a total transaction of $200,080.00. Following the sale, the director directly owned 203,455 shares in the company, valued at approximately $20,353,638.20. This trade represents a 0.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 22.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. AlphaGrep UK Ltd bought a new position in shares of monday.com during the third quarter valued at $209,000. First Trust Advisors LP purchased a new stake in shares of monday.com during the third quarter valued at $825,000. Advisors Asset Management Inc. purchased a new stake in shares of monday.com during the third quarter valued at $159,000. Global Retirement Partners LLC boosted its position in shares of monday.com by 600.0% during the third quarter. Global Retirement Partners LLC now owns 896 shares of the company’s stock valued at $70,000 after buying an additional 768 shares during the last quarter. Finally, Virtus Advisers LLC bought a new stake in monday.com in the 3rd quarter worth about $835,000. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Recent monday.com Headlines

These are some of the MNDY headlines that stood out recently:

• Positive Sentiment: Morgan Stanley maintained a Buy rating, providing a counterpoint to the broader wave of cautious analyst actions. Morgan Stanley Remains a Buy on Monday.com
• Neutral Sentiment: Q3 results beat analyst estimates: earnings were $2.14 per share versus $1.41 expected, and revenue was $377.5 million versus $369.2 million expected, up 19.1% year over year. However, investors are weighing those results against concerns about the growth outlook. Q3 Earnings Call Highlights
• Negative Sentiment: Multiple firms cut price targets, including Wells Fargo, BTIG, Barclays, JPMorgan, Citi and UBS. Canaccord downgraded the stock, while Needham also lowered its rating to Hold, citing disappointing Q3 results. The breadth of these moves signals more cautious expectations for MNDY. Wells Fargo forecast Analyst insights

monday.com Company Profile

monday.com Ltd. is a software company that provides a cloud-based platform for organizations to plan, manage and track work. Founded in 2012 as dapulse, the company adopted the monday.com name in 2017. Its products include monday work management, monday CRM, monday dev and monday service. The platform offers tools for project and workflow management, customer relationship management, software development and service operations, with features for collaboration, automation and reporting. Headquartered in Tel Aviv, Israel, monday.com serves customers across a range of industries and geographies.