monday.com (NASDAQ:MNDY) Stock Gets Downgrade from Barclays

monday.com (NASDAQ:MNDY) was downgraded by Barclays from an “overweight” rating to an “equal weight” rating in a report issued on Monday, Marketbeat reports. They presently have a $100.00 target price on the stock. Barclays‘s price objective indicates a potential upside of 18.08% from the company’s current price.

A number of other research firms also recently issued reports on MNDY. UBS Group increased their price objective on monday.com from $85.00 to $95.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Jefferies Financial Group reissued a “hold” rating and set a $95.00 price objective on shares of monday.com in a research report on Monday, August 10th. Zacks Research upgraded shares of monday.com from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 12th. BTIG Research restated a “buy” rating and set a $105.00 target price on shares of monday.com in a report on Monday, August 10th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $90.00 target price on shares of monday.com in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, monday.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.70.

monday.com Stock Performance

MNDY stock opened at $84.69 on Monday. monday.com has a fifty-two week low of $57.50 and a fifty-two week high of $210.49. The business’s 50 day moving average price is $88.56 and its two-hundred day moving average price is $80.01. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 36.04, a price-to-earnings-growth ratio of 1.91 and a beta of 1.14.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, August 10th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.37. monday.com had a return on equity of 9.09% and a net margin of 8.87%. The firm had revenue of $364.62 million during the quarter, compared to analyst estimates of $355.55 million. During the same quarter in the prior year, the company earned $1.09 EPS. The business’s revenue was up 21.9% compared to the same quarter last year. Sell-side analysts forecast that monday.com will post 2.34 earnings per share for the current year.

Institutional Trading of monday.com

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its stake in shares of monday.com by 93.3% during the 1st quarter. Renaissance Technologies LLC now owns 2,181,990 shares of the company’s stock valued at $150,797,000 after purchasing an additional 1,052,900 shares during the period. RPD Fund Management LLC bought a new position in shares of monday.com in the 1st quarter worth approximately $17,529,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of monday.com in the 2nd quarter worth approximately $5,098,000. Counterpoint Mutual Funds LLC lifted its stake in shares of monday.com by 2,038.1% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 73,507 shares of the company’s stock worth $5,080,000 after purchasing an additional 70,069 shares during the period. Finally, Optimus Prime Fund Management Co. Ltd. purchased a new position in shares of monday.com in the fourth quarter worth approximately $10,329,000. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com News Roundup

Here are the key news stories impacting monday.com this week:

• Positive Sentiment: Analysts covering monday.com have an average price target of $111.70, implying substantial potential upside from recent trading levels. The valuation report also characterized the stock as potentially undervalued and cited a GF Score of 71/100. monday.com Ltd. Stock Has Average Target Price of $111.70 Monday.com Stock Down 4.7%—Now Undervalued?
• Neutral Sentiment: Zacks highlighted increased investor attention toward MNDY but did not identify a major new fundamental development. The company’s most recently reported quarter showed revenue growth and earnings above consensus, although investors remain focused on the sustainability of that growth. monday.com Is Attracting Investor Attention
• Negative Sentiment: Barclays downgraded monday.com from “overweight” to “equal weight” and set a $100 price target. Although the target remains above the recent share price, the downgrade likely pressured the stock by signaling a less favorable risk-reward outlook. monday.com Stock Rating Lowered by Barclays
• Negative Sentiment: The stock fell about 4.7% in the latest reported session and has declined roughly 54% over the past year. Market coverage described the move as a broader selloff in MNDY, with the Barclays downgrade adding to negative sentiment. monday.com Declines More Than Market Why monday.com Shares Are Sliding

monday.com Company Profile

monday.com Ltd. develops cloud-based software designed to help organizations plan, manage and track work. Its platform provides customizable workflows, visual boards, dashboards, automations and collaboration tools that teams can use to coordinate projects, processes and day-to-day operations.

The company offers a portfolio of products built on its Work Operating System, including monday work management for project and task coordination, monday CRM for sales and customer-management activities, monday dev for software-development teams and monday service for service-management workflows.