Piper Sandler Cuts monday.com (NASDAQ:MNDY) Price Target to $250.00

monday.com (NASDAQ:MNDY) had its price target trimmed by Piper Sandler from $275.00 to $250.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other equities analysts have also recently weighed in on MNDY. Jefferies Financial Group dropped their price objective on monday.com from $330.00 to $300.00 and set a “buy” rating on the stock in a research note on Tuesday. Zacks Research upgraded shares of monday.com from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Needham & Company LLC reissued a “buy” rating and set a $250.00 price target on shares of monday.com in a research report on Thursday, September 18th. Barclays reduced their price objective on shares of monday.com from $345.00 to $258.00 and set an “overweight” rating for the company in a research report on Tuesday, August 12th. Finally, Oppenheimer began coverage on shares of monday.com in a research note on Wednesday, August 27th. They issued an “outperform” rating and a $300.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $270.19.

monday.com Stock Performance

Shares of NASDAQ MNDY opened at $160.61 on Tuesday. The stock has a market cap of $8.15 billion, a price-to-earnings ratio of 130.58, a PEG ratio of 7.49 and a beta of 1.24. monday.com has a fifty-two week low of $151.00 and a fifty-two week high of $342.64. The firm’s 50-day simple moving average is $191.14 and its 200 day simple moving average is $240.42.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, November 10th. The company reported $1.16 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $312.26 million. During the same period in the prior year, the business posted $0.85 earnings per share. The company’s quarterly revenue was up 26.3% compared to the same quarter last year. monday.com has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, sell-side analysts predict that monday.com will post 0.46 EPS for the current year.

Institutional Trading of monday.com

Several hedge funds have recently added to or reduced their stakes in MNDY. Square Peg Capital PTY Ltd. boosted its stake in monday.com by 31.6% in the third quarter. Square Peg Capital PTY Ltd. now owns 123,223 shares of the company’s stock valued at $23,867,000 after acquiring an additional 29,567 shares during the last quarter. Ravenswood Partners LP bought a new stake in shares of monday.com in the 3rd quarter worth approximately $2,939,000. Marshall Wace LLP lifted its stake in monday.com by 294.0% in the third quarter. Marshall Wace LLP now owns 405,995 shares of the company’s stock valued at $78,637,000 after purchasing an additional 302,961 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super lifted its stake in monday.com by 353.4% in the third quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 44,345 shares of the company’s stock valued at $8,589,000 after purchasing an additional 34,564 shares during the last quarter. Finally, ShawSpring Partners LLC grew its holdings in monday.com by 33.1% during the third quarter. ShawSpring Partners LLC now owns 374,221 shares of the company’s stock valued at $72,483,000 after purchasing an additional 93,009 shares during the period. Institutional investors own 73.70% of the company’s stock.

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.