monday.com (NASDAQ:MNDY) Price Target Cut to $210.00 by Analysts at Robert W. Baird

monday.com (NASDAQ:MNDY) had its price objective trimmed by Robert W. Baird from $240.00 to $210.00 in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts also recently commented on MNDY. Zacks Research raised shares of monday.com from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Canaccord Genuity Group decreased their price objective on monday.com from $350.00 to $255.00 and set a “buy” rating on the stock in a research report on Tuesday, August 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of monday.com in a report on Wednesday, October 8th. DA Davidson set a $275.00 target price on monday.com in a research report on Monday, November 3rd. Finally, Barclays lowered their price target on monday.com from $345.00 to $258.00 and set an “overweight” rating for the company in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, monday.com presently has a consensus rating of “Moderate Buy” and an average price target of $270.19.

monday.com Stock Performance

MNDY stock opened at $165.18 on Tuesday. The firm has a fifty day moving average price of $192.10 and a 200 day moving average price of $241.55. monday.com has a fifty-two week low of $151.00 and a fifty-two week high of $342.64. The firm has a market cap of $8.39 billion, a PE ratio of 134.29, a price-to-earnings-growth ratio of 7.85 and a beta of 1.24.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Monday, November 10th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.27. monday.com had a net margin of 5.58% and a return on equity of 6.21%. The company had revenue of $316.86 million for the quarter, compared to the consensus estimate of $312.26 million. During the same quarter in the prior year, the firm earned $0.85 earnings per share. monday.com’s revenue was up 26.3% on a year-over-year basis. monday.com has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts predict that monday.com will post 0.46 EPS for the current year.

Institutional Investors Weigh In On monday.com

Several large investors have recently added to or reduced their stakes in the stock. Spire Wealth Management increased its position in shares of monday.com by 7.5% during the second quarter. Spire Wealth Management now owns 615 shares of the company’s stock worth $193,000 after acquiring an additional 43 shares during the period. CWM LLC increased its holdings in monday.com by 31.3% during the 2nd quarter. CWM LLC now owns 210 shares of the company’s stock worth $66,000 after purchasing an additional 50 shares during the period. Dakota Wealth Management raised its position in monday.com by 3.0% during the 2nd quarter. Dakota Wealth Management now owns 1,793 shares of the company’s stock valued at $564,000 after purchasing an additional 52 shares in the last quarter. Mesirow Financial Investment Management Inc. lifted its holdings in shares of monday.com by 6.1% in the 1st quarter. Mesirow Financial Investment Management Inc. now owns 950 shares of the company’s stock worth $231,000 after buying an additional 55 shares during the period. Finally, Chicago Capital LLC lifted its holdings in shares of monday.com by 3.6% in the 2nd quarter. Chicago Capital LLC now owns 1,580 shares of the company’s stock worth $497,000 after buying an additional 55 shares during the period. 73.70% of the stock is owned by hedge funds and other institutional investors.

About monday.com

monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, the United Kingdom, and internationally. The company provides Work OS, a cloud-based visual work operating system that consists of modular building blocks used and assembled to create software applications and work management tools.