monday.com (NASDAQ:MNDY) Stock Price Up 6.6% – Should You Buy?

monday.com Ltd. (NASDAQ:MNDY) traded up 6.6% on Monday . The company traded as high as $75.75 and last traded at $76.7230. 248,470 shares were traded during trading, a decline of 89% from the average session volume of 2,203,902 shares. The stock had previously closed at $71.97.

Analyst Upgrades and Downgrades

Several analysts have recently commented on MNDY shares. Morgan Stanley decreased their price objective on monday.com from $236.00 to $200.00 and set an “overweight” rating for the company in a report on Tuesday, January 27th. Jefferies Financial Group reiterated a “hold” rating on shares of monday.com in a research note on Tuesday, May 12th. Oppenheimer set a $115.00 price objective on shares of monday.com in a report on Monday, May 11th. UBS Group reduced their price target on shares of monday.com from $93.00 to $85.00 and set a “neutral” rating for the company in a research report on Tuesday, May 12th. Finally, Canaccord Genuity Group reduced their price objective on monday.com from $140.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Seventeen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, monday.com has an average rating of “Moderate Buy” and an average price target of $132.78.

monday.com Trading Down 0.1%

The company has a fifty day moving average price of $70.25 and a two-hundred day moving average price of $109.78. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 33.91, a PEG ratio of 3.38 and a beta of 1.17.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings results on Friday, March 13th. The company reported $1.15 EPS for the quarter. monday.com had a return on equity of 5.10% and a net margin of 9.17%.The firm had revenue of $351.27 million during the quarter. As a group, equities research analysts expect that monday.com Ltd. will post 1.83 earnings per share for the current year.

Institutional Trading of monday.com

Institutional investors have recently made changes to their positions in the company. WCM Investment Management LLC lifted its position in monday.com by 2.8% in the third quarter. WCM Investment Management LLC now owns 4,184,745 shares of the company’s stock valued at $843,519,000 after buying an additional 115,353 shares during the last quarter. Capital World Investors boosted its position in shares of monday.com by 91.4% during the 4th quarter. Capital World Investors now owns 3,286,461 shares of the company’s stock worth $484,950,000 after purchasing an additional 1,569,198 shares during the period. Renaissance Technologies LLC increased its holdings in monday.com by 93.3% in the 1st quarter. Renaissance Technologies LLC now owns 2,181,990 shares of the company’s stock valued at $150,797,000 after purchasing an additional 1,052,900 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in monday.com by 15.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,274,910 shares of the company’s stock valued at $188,126,000 after purchasing an additional 165,996 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in monday.com by 110.9% in the fourth quarter. SG Americas Securities LLC now owns 932,912 shares of the company’s stock valued at $137,660,000 after purchasing an additional 490,491 shares during the period. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Company Profile

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.