monday.com (NASDAQ:MNDY) Cut to “Equal Weight” at Capital One Financial

Capital One Financial cut shares of monday.com (NASDAQ:MNDY) from an overweight rating to an equal weight rating in a research report released on Monday morning, MarketBeat reports. The brokerage currently has $95.00 target price on the stock.

Several other research firms have also recently issued reports on MNDY. TD Cowen boosted their target price on monday.com from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. BTIG Research cut their price target on shares of monday.com from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Tuesday, July 14th. Citigroup reduced their price objective on shares of monday.com from $176.00 to $154.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Weiss Ratings restated a “sell (d+)” rating on shares of monday.com in a report on Thursday, June 11th. Finally, Oppenheimer set a $115.00 target price on shares of monday.com in a research report on Monday, May 11th. Fourteen equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $117.91.

monday.com Price Performance

NASDAQ MNDY opened at $85.95 on Monday. The stock has a market capitalization of $4.40 billion, a PE ratio of 36.57, a PEG ratio of 4.21 and a beta of 1.24. monday.com has a 1 year low of $57.50 and a 1 year high of $220.80. The business’s 50-day moving average is $80.53 and its 200 day moving average is $78.76.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Monday, August 10th. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.37. monday.com had a return on equity of 8.10% and a net margin of 8.87%.The business had revenue of $364.62 million during the quarter, compared to analyst estimates of $355.55 million. During the same quarter in the prior year, the company posted $1.09 EPS. monday.com’s quarterly revenue was up 21.9% compared to the same quarter last year. As a group, equities research analysts anticipate that monday.com will post 1.65 earnings per share for the current year.

Institutional Investors Weigh In On monday.com

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital World Investors grew its position in shares of monday.com by 91.4% in the 4th quarter. Capital World Investors now owns 3,286,461 shares of the company’s stock worth $484,950,000 after buying an additional 1,569,198 shares during the period. Renaissance Technologies LLC grew its holdings in monday.com by 93.3% in the first quarter. Renaissance Technologies LLC now owns 2,181,990 shares of the company’s stock worth $150,797,000 after purchasing an additional 1,052,900 shares during the period. Norges Bank bought a new position in shares of monday.com during the fourth quarter valued at approximately $79,789,000. Marshall Wace LLP increased its stake in shares of monday.com by 294.0% during the third quarter. Marshall Wace LLP now owns 405,995 shares of the company’s stock valued at $78,637,000 after purchasing an additional 302,961 shares in the last quarter. Finally, Amundi lifted its holdings in shares of monday.com by 104.2% during the third quarter. Amundi now owns 511,498 shares of the company’s stock valued at $96,499,000 after purchasing an additional 261,000 shares during the last quarter. 73.70% of the stock is owned by hedge funds and other institutional investors.

Key monday.com News

Here are the key news stories impacting monday.com this week:

• Positive Sentiment: Strong Q2 performance: monday.com exceeded earnings and revenue estimates, with revenue rising 21.9% year over year to $364.6 million and adjusted earnings of $1.48 per share versus the $1.11 consensus. Operating margins expanded, while AI product annual recurring revenue reportedly doubled from the prior quarter as enterprise adoption increased. monday.com Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Several analysts remain bullish: TD Cowen reaffirmed a Buy rating with a $110 price target, while BTIG maintained Buy with a $105 target. Wells Fargo kept an Overweight rating and a $120 target, and Citigroup retained Buy despite lowering its target to $132. These targets remain materially above the current share price.
• Neutral Sentiment: Limited short-selling signal: Reported short interest was zero shares as of August 11, unchanged from the prior reporting period, implying no measurable short-interest pressure. The data may be incomplete or anomalous, so it offers little actionable information.
• Negative Sentiment: Analyst caution is increasing: Capital One Financial downgraded monday.com to Equal Weight, while Piper Sandler reiterated a Neutral rating. In addition, Citigroup and Wells Fargo lowered their price targets, suggesting concerns about valuation, growth expectations, or the pace of enterprise and AI monetization despite the earnings beat.

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.