monday.com (NASDAQ:MNDY) Sets New 12-Month Low – What’s Next?

Shares of monday.com Ltd. (NASDAQ:MNDY) reached a new 52-week low during trading on Thursday . The stock 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.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MNDY shares. Citigroup dropped their price objective on shares of monday.com from $319.00 to $293.00 and set a “buy” rating for the company in a research note on Tuesday, December 23rd. Wells Fargo & Company lowered their price target 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. BTIG Research restated a “buy” rating and issued a $210.00 price objective on shares of monday.com in a report on Thursday, January 15th. JPMorgan Chase & Co. decreased their target price on monday.com from $285.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, November 11th. Finally, UBS Group set a $202.00 price target on shares of monday.com in a report on Tuesday, November 11th. Twenty-one research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, monday.com presently has an average rating of “Moderate Buy” and an average target price of $251.04.

monday.com Price Performance

The company has a market cap of $6.14 billion, a price-to-earnings ratio of 98.28, a P/E/G ratio of 2.88 and a beta of 1.26. The company’s 50-day simple moving average is $144.26 and its 200-day simple moving average is $183.91.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, November 10th. The company reported $1.16 earnings per share for the quarter, beating 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 business had revenue of $316.86 million during the quarter, compared to the consensus estimate of $312.26 million. During the same period in the prior year, the firm earned $0.85 earnings per share. The business’s quarterly revenue was up 26.3% compared to the same quarter last year. Equities analysts predict that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On monday.com

A number of hedge funds have recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of monday.com by 75.9% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 139,009 shares of the company’s stock valued at $20,512,000 after purchasing an additional 60,000 shares in the last quarter. Evergreen Capital Management LLC bought a new stake in shares of monday.com in the fourth quarter worth $300,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in monday.com by 53.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,805 shares of the company’s stock valued at $4,250,000 after acquiring an additional 10,020 shares in the last quarter. Pekao Towarzystwo Funduszy Inwestycyjnych S.A. bought a new position in monday.com during the 4th quarter valued at $1,599,000. Finally, Chicago Capital LLC grew its holdings in monday.com by 61.6% during the 4th quarter. Chicago Capital LLC now owns 3,886 shares of the company’s stock worth $573,000 after acquiring an additional 1,481 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

About monday.com

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.