monday.com (NASDAQ:MNDY) Announces Quarterly Earnings Results

by · The Cerbat Gem

monday.com (NASDAQ:MNDY – Get Free Report) announced its earnings results on Monday. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.19, Briefing.com reports. monday.com had a net margin of 9.64% and a return on equity of 4.80%. The company’s revenue was up 24.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.10 earnings per share.

monday.com Price Performance

MNDY stock opened at $72.07 on Monday. The business’s 50-day moving average is $70.52 and its two-hundred day moving average is $116.62. The firm has a market capitalization of $3.69 billion, a P/E ratio of 32.03, a P/E/G ratio of 1.44 and a beta of 1.17. monday.com has a 1 year low of $57.50 and a 1 year high of $316.98.

Institutional Trading of monday.com

Several hedge funds have recently added to or reduced their stakes in MNDY. Marshall Wace LLP grew its holdings in monday.com by 294.0% during the 3rd quarter. Marshall Wace LLP now owns 405,995 shares of the company’s stock worth $78,637,000 after acquiring an additional 302,961 shares in the last quarter. Amundi raised its holdings in shares of monday.com by 104.2% in the 3rd quarter. Amundi now owns 511,498 shares of the company’s stock valued at $96,499,000 after purchasing an additional 261,000 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of monday.com during the 4th quarter worth $27,189,000. Cadian Capital Management LP grew its stake in shares of monday.com by 66.1% during the fourth quarter. Cadian Capital Management LP now owns 438,490 shares of the company’s stock worth $64,704,000 after purchasing an additional 174,490 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its holdings in monday.com by 15.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,274,910 shares of the company’s stock valued at $188,126,000 after buying an additional 165,996 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Piper Sandler reaffirmed a “neutral” rating and set a $85.00 price objective (down from $100.00) on shares of monday.com in a research report on Tuesday, April 14th. Morgan Stanley decreased their price target on monday.com from $236.00 to $200.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 27th. Guggenheim set a $130.00 price objective on monday.com and gave the company a “buy” rating in a research note on Thursday, April 9th. Jefferies Financial Group lowered monday.com from a “buy” rating to a “hold” rating and decreased their target price for the stock from $260.00 to $80.00 in a research note on Monday, February 23rd. Finally, KeyCorp lowered their target price on monday.com from $220.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, February 10th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $144.09.

View Our Latest Analysis on monday.com

monday.com Company Profile

(Get Free Report)

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.

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