monday.com (NASDAQ:MNDY) Given New $109.00 Price Target at Morgan Stanley

monday.com (NASDAQ:MNDY) had its price objective reduced by stock analysts at Morgan Stanley from $115.00 to $109.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley‘s target price would indicate a potential upside of 40.79% from the company’s current price.

Other research analysts also recently issued research reports about the stock. TD Cowen restated a “hold” rating and set a $95.00 price objective (down from $105.00) on shares of monday.com in a report on Tuesday. Wolfe Research cut shares of monday.com from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, August 11th. Weiss Ratings upgraded shares of monday.com from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 15th. Wells Fargo & Company decreased their target price on monday.com from $120.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Piper Sandler restated a “neutral” rating and set a $90.00 price target on shares of monday.com in a research note on Thursday, October 29th. Ten analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $103.65.

monday.com Price Performance

MNDY stock traded down $2.51 on Tuesday, reaching $77.42. 482,391 shares of the company were exchanged, compared to its average volume of 1,754,706. monday.com has a 12 month low of $57.50 and a 12 month high of $169.76. The stock’s fifty day moving average price is $90.30 and its 200 day moving average price is $82.81. The firm has a market capitalization of $3.96 billion, a PE ratio of 32.87, a PEG ratio of 2.18 and a beta of 1.06.

monday.com (NASDAQ:MNDY) last released its earnings results on Monday, November 9th. The company reported $2.14 EPS for the quarter, beating the consensus estimate of $1.41 by $0.73. monday.com had a net margin of 8.87% and a return on equity of 9.09%. The firm had revenue of $377.54 million during the quarter, compared to analysts’ expectations of $369.17 million. During the same period in the prior year, the company earned $1.16 EPS. The business’s quarterly revenue was up 19.1% compared to the same quarter last year. As a group, research analysts expect that monday.com will post 2.34 EPS for the current fiscal year.

Insider Transactions at monday.com

In related news, Director Aviad Eyal sold 2,000 shares of monday.com stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $100.04, for a total value of $200,080.00. Following the completion of the transaction, the director directly owned 203,455 shares of the company’s stock, valued at $20,353,638.20. The trade was a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 22.30% of the company’s stock.

Institutional Trading of monday.com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virtus Advisers LLC acquired a new position in monday.com during the 3rd quarter valued at about $835,000. Diversified Trust Co bought a new position in shares of monday.com in the 3rd quarter valued at about $421,000. Russell Investments Group Ltd. boosted its stake in shares of monday.com by 4,477.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 178,530 shares of the company’s stock valued at $13,946,000 after purchasing an additional 174,630 shares during the last quarter. First Command Advisory Services Inc. acquired a new stake in shares of monday.com during the 3rd quarter worth approximately $200,000. Finally, Commonwealth Equity Services LLC grew its position in shares of monday.com by 56.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,746 shares of the company’s stock worth $372,000 after buying an additional 1,720 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.

More monday.com News

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

• Positive Sentiment: Q3 revenue rose 19.1% year over year to about $378 million, topping estimates, while earnings of $2.14 per share also exceeded consensus. Cost reductions lifted non-GAAP operating margin to a record 24%, and AI-feature annual recurring revenue reached $36 million. Article: MNDY Q3 Earnings Beat Estimates on Cost Cuts, Revenues Rise Y/Y
• Neutral Sentiment: Wells Fargo maintained an Overweight rating while reducing its price target to $100 from $120. BTIG also kept a Buy rating but lowered its target to $100 from $105. Article: monday.com price-target update
• Negative Sentiment: Q4 revenue guidance of $380–$382 million came in below the roughly $385.5 million analyst consensus. Reports cited softer demand, longer enterprise sales cycles and slowing growth, overshadowing the quarterly beat. Full-year revenue guidance of about $1.5 billion was broadly in line with expectations. Article: Monday.com falls despite Q3 beat, sees near-term operational headwinds
• Negative Sentiment: Analyst sentiment turned more cautious: Needham and Canaccord downgraded MNDY from Buy to Hold, and several firms lowered price targets. Barclays cut its target to $91 from $100 and maintained Equal Weight; Loop Capital lowered its target to $90 from $100 and kept Hold. Article: Needham Downgrades monday.com to Hold From Buy

About monday.com

monday.com Ltd. is a software company that provides a cloud-based platform for organizations to plan, manage and track work. Founded in 2012 as dapulse, the company adopted the monday.com name in 2017.

Its products include monday work management, monday CRM, monday dev and monday service. The platform offers tools for project and workflow management, customer relationship management, software development and service operations, with features for collaboration, automation and reporting.

Headquartered in Tel Aviv, Israel, monday.com serves customers across a range of industries and geographies.