Barclays Has Lowered Expectations for monday.com (NASDAQ:MNDY) Stock Price

monday.com (NASDAQ:MNDY) had its target price decreased by investment analysts at Barclays from $258.00 to $202.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 26.96% from the stock’s current price.

Several other equities analysts have also commented on the stock. DA Davidson dropped their price target on shares of monday.com from $275.00 to $250.00 and set a “buy” rating for the company in a research report on Tuesday. Bank of America dropped their price objective on monday.com from $205.00 to $195.00 and set a “neutral” rating for the company in a report on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 target price on shares of monday.com in a research report on Thursday, September 18th. Weiss Ratings reissued a “sell (d)” rating on shares of monday.com in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group dropped their price target on monday.com from $330.00 to $300.00 and set a “buy” rating for the company in a research note on Tuesday. One research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, monday.com has a consensus rating of “Moderate Buy” and an average price target of $270.19.

monday.com Trading Down 3.7%

NASDAQ MNDY opened at $159.11 on Tuesday. The business’s 50-day moving average price is $191.58 and its 200 day moving average price is $240.97. monday.com has a twelve month low of $151.00 and a twelve month high of $342.64. The company has a market capitalization of $8.08 billion, a PE ratio of 129.36, a price-to-earnings-growth ratio of 7.81 and a beta of 1.24.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, November 10th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.27. The company had revenue of $316.86 million during the quarter, compared to the consensus estimate of $312.26 million. monday.com had a net margin of 5.58% and a return on equity of 5.99%. The company’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 EPS. monday.com has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts predict that monday.com 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 stock. ASR Vermogensbeheer N.V. purchased a new stake in shares of monday.com in the first quarter worth about $25,000. Summit Securities Group LLC purchased a new position in monday.com in the 1st quarter worth approximately $25,000. NewEdge Advisors LLC grew its position in monday.com by 2,120.0% in the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after acquiring an additional 106 shares in the last quarter. Promus Capital LLC acquired a new stake in monday.com in the second quarter valued at approximately $45,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of monday.com by 575.8% during 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 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.