monday.com (NASDAQ:MNDY) Reaches New 52-Week Low – Here’s Why

Shares of monday.com Ltd. (NASDAQ:MNDY) reached a new 52-week low on Wednesday . The company traded as low as $100.08 and last traded at $101.71, with a volume of 3581650 shares. The stock had previously closed at $112.82.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Zacks Research raised monday.com from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Morgan Stanley lowered their price objective on monday.com from $236.00 to $200.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 27th. 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. Piper Sandler decreased their price target on shares of monday.com from $250.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of monday.com in a research note on Thursday, January 22nd. Twenty-one research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $240.70.

monday.com Stock Down 9.8%

The business has a 50-day simple moving average of $141.46 and a two-hundred day simple moving average of $178.17. The stock has a market capitalization of $5.16 billion, a P/E ratio of 82.69, a PEG ratio of 2.55 and a beta of 1.25.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, November 10th. The company reported $1.16 EPS 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 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 previous year, the company earned $0.85 EPS. The firm’s revenue for the quarter was up 26.3% compared to the same quarter last year. On average, sell-side analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current year.

Institutional Trading of monday.com

Hedge funds have recently modified their holdings of the company. Plato Investment Management Ltd raised its stake in shares of monday.com by 127.6% in the fourth quarter. Plato Investment Management Ltd now owns 5,142 shares of the company’s stock valued at $762,000 after acquiring an additional 2,883 shares during the last quarter. NewEdge Wealth LLC acquired a new stake in monday.com during the 4th quarter valued at $5,635,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in monday.com by 12.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 95,239 shares of the company’s stock valued at $13,659,000 after purchasing an additional 10,411 shares during the last quarter. Danske Bank A S raised its position in monday.com by 5.5% in the 4th quarter. Danske Bank A S now owns 7,700 shares of the company’s stock valued at $1,136,000 after purchasing an additional 400 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in monday.com by 25.1% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 1,519 shares of the company’s stock worth $224,000 after purchasing an additional 305 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

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.