monday.com (NASDAQ:MNDY) Hits New 1-Year Low – Should You Sell?

monday.com Ltd. (NASDAQ:MNDY)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $121.93 and last traded at $122.75, with a volume of 17158 shares traded. The stock had previously closed at $126.15.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. BTIG Research reaffirmed a “buy” rating and set a $210.00 target price on shares of monday.com in a report on Thursday, January 15th. Citigroup decreased their price target on shares of monday.com from $319.00 to $293.00 and set a “buy” rating on the stock in a report on Tuesday, December 23rd. Canaccord Genuity Group dropped their price objective on monday.com from $255.00 to $230.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Wells Fargo & Company reduced their target price on monday.com from $260.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. Finally, KeyCorp lowered their price target on monday.com from $270.00 to $220.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. Twenty-one equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, monday.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.04.

monday.com Stock Down 0.7%

The firm has a market capitalization of $5.83 billion, a P/E ratio of 93.29, a PEG ratio of 2.57 and a beta of 1.26. The business’s 50-day simple moving average is $143.03 and its 200 day simple moving average is $182.21.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings results on Monday, November 10th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.27. The business had revenue of $316.86 million during the quarter, compared to analyst estimates of $312.26 million. monday.com had a net margin of 5.58% and a return on equity of 5.99%. The company’s revenue was up 26.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. Sell-side analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Capital World Investors increased its position in shares of monday.com by 231.2% in the third quarter. Capital World Investors now owns 1,717,263 shares of the company’s stock valued at $332,617,000 after acquiring an additional 1,198,761 shares during the period. Norges Bank bought a new stake in shares of monday.com in the second quarter worth about $161,114,000. SG Americas Securities LLC increased its holdings in monday.com by 110.9% during the 4th 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. Baillie Gifford & Co. raised its position in monday.com by 136.5% during the 3rd quarter. Baillie Gifford & Co. now owns 708,278 shares of the company’s stock valued at $137,186,000 after purchasing an additional 408,848 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in monday.com by 2,501.5% in the 3rd quarter. Nordea Investment Management AB now owns 326,951 shares of the company’s stock worth $62,990,000 after buying an additional 314,383 shares during the period. 73.70% of the stock is owned by hedge funds and other institutional investors.

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.