monday.com (NASDAQ:MNDY) Cut to “Hold” at Canaccord Genuity Group

Canaccord Genuity Group downgraded shares of monday.com (NASDAQ:MNDY) from a buy rating to a hold rating in a research report sent to investors on Monday morning, MarketBeat reports. The brokerage currently has $90.00 price target on the stock, down from their prior price target of $115.00.

MNDY has been the subject of several other reports. JPMorgan Chase & Co. cut shares of monday.com from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $90.00 to $87.00 in a report on Tuesday, September 29th. Wolfe Research cut shares of monday.com from an “outperform” rating to a “peer perform” rating in a report on Tuesday, August 11th. BTIG Research reaffirmed a “buy” rating and set a $105.00 price objective on shares of monday.com in a research report on Thursday, October 29th. Guggenheim reiterated a “buy” rating and issued a $130.00 price objective on shares of monday.com in a research note on Tuesday, November 3rd. Finally, Weiss Ratings upgraded shares of monday.com from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 15th. Nine investment analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, monday.com currently has a consensus rating of “Hold” and an average price target of $103.09.

monday.com Price Performance

MNDY opened at $77.64 on Monday. monday.com has a 12 month low of $57.50 and a 12 month high of $166.29. The stock has a market cap of $3.97 billion, a P/E ratio of 26.77, a P/E/G ratio of 1.72 and a beta of 1.06. The stock’s 50 day moving average price is $89.43 and its 200 day moving average price is $82.30.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Monday, November 9th. The company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.73. The company had revenue of $377.54 million during the quarter, compared to analyst estimates of $369.17 million. monday.com had a net margin of 10.05% and a return on equity of 16.75%. The business’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.16 EPS. Equities analysts anticipate that monday.com will post 2.34 EPS for the current year.

Insider Buying and Selling at monday.com

In related news, Director Aviad Eyal sold 2,000 shares of the business’s stock in a transaction that occurred on 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 sale, the director directly owned 203,455 shares in the company, valued at approximately $20,353,638.20. The trade was a 0.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 modified their holdings of the company. Renaissance Technologies LLC lifted its position in monday.com by 93.3% during the 1st quarter. Renaissance Technologies LLC now owns 2,181,990 shares of the company’s stock worth $150,797,000 after acquiring an additional 1,052,900 shares during the last quarter. RPD Fund Management LLC bought a new position in shares of monday.com in the first quarter worth about $17,529,000. Russell Investments Group Ltd. increased its stake in shares of monday.com by 4,477.7% in the third quarter. Russell Investments Group Ltd. now owns 178,530 shares of the company’s stock worth $13,946,000 after purchasing an additional 174,630 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of monday.com during the 2nd quarter worth about $5,098,000. Finally, Bank of America Corp DE lifted its position in shares of monday.com by 33.6% during the 1st quarter. Bank of America Corp DE now owns 194,635 shares of the company’s stock worth $13,451,000 after purchasing an additional 49,002 shares during the last quarter. 73.70% of the stock is owned by institutional investors.

Trending Headlines about monday.com

Investors following MNDY have been watching these headlines:

• Positive Sentiment: Third-quarter earnings beat estimates, with cost reductions lifting the non-GAAP operating margin to a record 24%. The company also reported year-over-year revenue growth. MNDY Q3 Earnings Beat Estimates on Cost Cuts, Revenues Rise Y/Y
• Neutral Sentiment: Its 2026 revenue forecast of $1.47 billion–$1.48 billion was broadly in line with FactSet’s estimate, offering little apparent upside surprise. 2026 Revenue Outlook
• Negative Sentiment: Analysts lowered price targets, including UBS, JPMorgan, Morgan Stanley, Wells Fargo, and Barclays. Needham cut its rating to Hold, citing disappointing results; Canaccord also downgraded the shares, while Loop Capital reduced its target. Though ratings remain mixed, the cuts signal reduced confidence in near-term prospects. Needham Downgrades monday.com to Hold Canaccord Downgrade

monday.com Company Profile

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.