monday.com’s (MNDY) Neutral Rating Reiterated at Piper Sandler

by · The Markets Daily

Piper Sandler reaffirmed their neutral rating on shares of monday.com (NASDAQ:MNDY – Free Report) in a research report report published on Thursday,Benzinga reports. Piper Sandler currently has a $90.00 price objective on the stock.

A number of other brokerages also recently weighed in on MNDY. Barclays downgraded monday.com from an “overweight” rating to an “equal weight” rating and set a $100.00 target price on the stock. in a report on Monday, October 12th. Jefferies Financial Group restated a “hold” rating and set a $95.00 price target on shares of monday.com in a report on Monday, August 10th. Wells Fargo & Company lowered their price objective on shares of monday.com from $130.00 to $120.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 11th. Wolfe Research lowered shares of monday.com from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, August 11th. Finally, Capital One Financial downgraded shares of monday.com from an “overweight” rating to an “equal weight” rating and set a $95.00 target price for the company. in a research report on Monday, August 10th. Thirteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $111.70.

Check Out Our Latest Stock Analysis on monday.com

monday.com Trading Up 0.9%

Shares of MNDY stock opened at $95.60 on Thursday. monday.com has a 1-year low of $57.50 and a 1-year high of $210.49. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 40.68, a P/E/G ratio of 2.16 and a beta of 1.14. The stock’s fifty day simple moving average is $90.78 and its 200-day simple moving average is $83.99.

monday.com (NASDAQ:MNDY – Get Free Report) last announced its quarterly earnings data 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 the consensus estimate of $355.55 million. During the same period in the prior year, the business earned $1.09 EPS. The business’s revenue for the quarter was up 21.9% on a year-over-year basis. On average, sell-side analysts predict that monday.com will post 2.34 EPS for the current year.

Insiders Place Their Bets

In other monday.com news, Director Aviad Eyal sold 2,000 shares of monday.com stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $100.04, for a total value of $200,080.00. Following the completion of the sale, the director directly owned 203,455 shares in the company, 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 legal filing with the Securities & Exchange Commission, 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

Large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its stake in shares of monday.com by 498.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 425 shares of the company’s stock worth $29,000 after purchasing an additional 354 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of monday.com during the 3rd quarter valued at $201,000. Evanson Financial LLC bought a new position in shares of monday.com during the 2nd quarter valued at $219,000. Quadrant Capital Group LLC acquired a new stake in shares of monday.com in the 3rd quarter valued at $235,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of monday.com in the 3rd quarter valued at $240,000. 73.70% of the stock is owned by institutional investors.

monday.com Company Profile

(Get Free Report)

monday.com Ltd. is a software company that provides a cloud-based Work Operating System (Work OS) designed to help organizations manage projects, workflows and business operations. Its platform uses configurable boards, dashboards, automations, integrations and collaboration tools, enabling teams to organize work and build workflows without extensive software development.

The company offers products tailored to several business functions, including monday work management for project and task coordination, monday CRM for sales and customer relationship processes, monday dev for software development teams, and monday service for managing customer support and service operations.

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