monday.com (NASDAQ:MNDY) Stock Price Down 5.4% – Should You Sell?

monday.com Ltd. (NASDAQ:MNDY)’s stock price was down 5.4% on Tuesday . The company traded as low as $72.57 and last traded at $72.6210. 1,292,134 shares traded hands during trading, a decline of 35% from the average session volume of 1,996,356 shares. The stock had previously closed at $76.75.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Tigress Financial decreased their price target on shares of monday.com to $165.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. BTIG Research cut their price objective on shares of monday.com from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, July 14th. UBS Group reduced their target price on shares of monday.com from $93.00 to $85.00 and set a “neutral” rating for the company in a report on Tuesday, May 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of monday.com in a research report on Thursday, June 11th. Finally, Citigroup lowered their price target on shares of monday.com from $176.00 to $154.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Seventeen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, monday.com presently has an average rating of “Moderate Buy” and a consensus target price of $126.04.

monday.com Stock Performance

The company has a market cap of $3.78 billion, a price-to-earnings ratio of 32.13, a P/E/G ratio of 3.65 and a beta of 1.26. The firm has a fifty day moving average price of $78.48 and a 200 day moving average price of $84.13.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Friday, March 13th. The company reported $1.15 earnings per share (EPS) for the quarter. The company had revenue of $351.26 million for the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. On average, analysts expect that monday.com Ltd. will post 1.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. NewEdge Advisors LLC grew its position in monday.com by 2,120.0% during the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after acquiring an additional 106 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of monday.com in the third quarter valued at approximately $28,000. EverSource Wealth Advisors LLC raised its holdings in monday.com by 498.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 425 shares of the company’s stock valued at $29,000 after buying an additional 354 shares during the last quarter. Quarry LP acquired a new stake in monday.com during the 4th quarter worth approximately $29,000. Finally, Abound Wealth Management bought a new stake in monday.com during the 4th quarter worth approximately $30,000. 73.70% of the stock is currently owned by institutional investors.

About monday.com

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.