monday.com (NASDAQ:MNDY) Sets New 52-Week Low – What’s Next?

monday.com Ltd. (NASDAQ:MNDY) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $150.22 and last traded at $150.3540, with a volume of 892778 shares traded. The stock had previously closed at $160.54.

Analyst Upgrades and Downgrades

MNDY has been the topic of a number of recent analyst reports. KeyCorp reissued an “overweight” rating and issued a $330.00 price objective on shares of monday.com in a research note on Monday, August 11th. Needham & Company LLC restated a “buy” rating and issued a $250.00 price target on shares of monday.com in a research note on Thursday, September 18th. Citigroup cut their target price on shares of monday.com from $332.00 to $319.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. Canaccord Genuity Group dropped their price target on monday.com from $255.00 to $230.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Finally, Cantor Fitzgerald cut their price objective on monday.com from $286.00 to $257.00 and set an “overweight” rating on the stock in a report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $270.19.

monday.com Price Performance

The firm has a market capitalization of $7.63 billion, a price-to-earnings ratio of 122.23, a P/E/G ratio of 7.56 and a beta of 1.24. The stock has a fifty day moving average of $190.64 and a two-hundred day moving average of $239.07.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Monday, November 10th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.27. monday.com had a return on equity of 5.99% and a net margin of 5.58%.The firm had revenue of $316.86 million for the quarter, compared to analyst estimates of $312.26 million. During the same quarter in the previous year, the company posted $0.85 EPS. The business’s revenue was up 26.3% on a year-over-year basis. monday.com has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts forecast that monday.com Ltd. will post 0.46 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. WCM Investment Management LLC increased its position in shares of monday.com by 2.8% during the third quarter. WCM Investment Management LLC now owns 4,184,745 shares of the company’s stock worth $843,519,000 after buying an additional 115,353 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in monday.com by 45.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company’s stock valued at $583,969,000 after buying an additional 745,686 shares during the period. JPMorgan Chase & Co. boosted its position in monday.com by 9.0% during the second quarter. JPMorgan Chase & Co. now owns 1,833,000 shares of the company’s stock valued at $576,442,000 after acquiring an additional 150,987 shares during the last quarter. Capital World Investors raised its position in shares of monday.com by 231.2% in the 3rd quarter. Capital World Investors now owns 1,717,263 shares of the company’s stock worth $332,617,000 after acquiring an additional 1,198,761 shares in the last quarter. Finally, Rubicon Global Capital Ltd lifted its stake in shares of monday.com by 155.3% in the 2nd quarter. Rubicon Global Capital Ltd now owns 1,442,900 shares of the company’s stock valued at $453,763,000 after purchasing an additional 877,700 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

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.