monday.com (NASDAQ:MNDY) Reaches New 52-Week Low – Should You Sell?

monday.com Ltd. (NASDAQ:MNDY)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $150.22 and last traded at $150.3540, with a volume of 892778 shares changing hands. The stock had previously closed at $160.54.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MNDY shares. Canaccord Genuity Group reduced their price objective on shares of monday.com from $255.00 to $230.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. KeyCorp reaffirmed an “overweight” rating and set a $330.00 price target on shares of monday.com in a report on Monday, August 11th. JPMorgan Chase & Co. reduced their target price on shares of monday.com from $285.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 11th. Morgan Stanley lowered their price objective on monday.com from $260.00 to $236.00 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. Finally, Cowen reissued a “buy” rating on shares of monday.com in a research note on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, monday.com currently has an average rating of “Moderate Buy” and a consensus target price of $270.19.

monday.com Trading Down 2.8%

The company has a fifty day moving average price of $189.02 and a two-hundred day moving average price of $237.29. The firm has a market cap of $7.56 billion, a P/E ratio of 121.00, a PEG ratio of 5.94 and a beta of 1.24.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, November 10th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.89 by $0.27. monday.com had a net margin of 5.58% and a return on equity of 5.99%. The firm had revenue of $316.86 million for the quarter, compared to the consensus estimate of $312.26 million. During the same period last year, the company posted $0.85 EPS. The business’s quarterly 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. As a group, sell-side analysts expect that monday.com Ltd. will post 0.46 EPS for the current year.

Hedge Funds Weigh In On monday.com

Large investors have recently added to or reduced their stakes in the company. Capital World Investors raised its position in monday.com by 231.2% in the 3rd quarter. Capital World Investors now owns 1,717,263 shares of the company’s stock valued at $332,617,000 after buying an additional 1,198,761 shares during the last quarter. Rubicon Global Capital Ltd grew its stake in shares of monday.com by 155.3% during the 2nd quarter. Rubicon Global Capital Ltd now owns 1,442,900 shares of the company’s stock worth $453,763,000 after acquiring an additional 877,700 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of monday.com by 102.5% during the 1st quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company’s stock worth $408,999,000 after acquiring an additional 851,231 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of monday.com by 45.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company’s stock valued at $583,969,000 after purchasing an additional 745,686 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of monday.com in the second quarter worth $161,114,000. Institutional investors own 73.70% of the company’s stock.

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.