monday.com (NASDAQ:MNDY) Stock Gets Price Target Reduction from Citigroup

monday.com (NASDAQ:MNDY) had its target price trimmed by Citigroup from $132.00 to $127.00 in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other analysts also recently issued reports on MNDY. Bank of America reiterated a “neutral” rating on shares of monday.com in a research report on Tuesday. Morgan Stanley cut their price objective on monday.com from $115.00 to $109.00 and set an “overweight” rating for the company in a report on Tuesday. JPMorgan Chase & Co. decreased their price objective on shares of monday.com from $87.00 to $84.00 and set a “neutral” rating on the stock in a research report on Tuesday. Weiss Ratings upgraded shares of monday.com from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 15th. Finally, Oppenheimer set a $90.00 target price on shares of monday.com in a research note on Monday. Nine equities research analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $103.09.

monday.com Stock Performance

Shares of MNDY stock opened at $77.04 on Tuesday. monday.com has a 52-week low of $57.50 and a 52-week high of $164.49. The company has a market capitalization of $3.94 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 1.40 and a beta of 1.06. The business’s fifty day moving average is $89.08 and its 200 day moving average is $82.03.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, November 9th. The company reported $2.14 EPS for the quarter, topping the consensus estimate of $1.41 by $0.73. monday.com had a return on equity of 16.75% and a net margin of 10.05%. The business had revenue of $377.54 million during the quarter, compared to analysts’ expectations of $369.17 million. During the same period in the previous year, the business earned $1.16 earnings per share. The firm’s revenue was up 19.1% on a year-over-year basis. On average, sell-side analysts forecast that monday.com will post 2.34 EPS for the current fiscal year.

Insider Transactions at monday.com

In related news, Director Aviad Eyal sold 2,000 shares of the stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $100.04, for a total value of $200,080.00. Following the transaction, the director owned 203,455 shares of the company’s stock, valued at $20,353,638.20. This represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 22.30% of the company’s stock.

Institutional Investors Weigh In On monday.com

A number of large investors have recently added to or reduced their stakes in MNDY. AlphaGrep UK Ltd bought a new stake in monday.com during the third quarter worth about $209,000. First Trust Advisors LP purchased a new position in shares of monday.com in the 3rd quarter worth about $825,000. Advisors Asset Management Inc. purchased a new position in shares of monday.com in the 3rd quarter worth about $159,000. Global Retirement Partners LLC increased its position in shares of monday.com by 600.0% during the 3rd quarter. Global Retirement Partners LLC now owns 896 shares of the company’s stock valued at $70,000 after purchasing an additional 768 shares during the last quarter. Finally, Virtus Advisers LLC purchased a new position in shares of monday.com during the 3rd quarter valued at about $835,000. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Latest monday.com News

Here’s some of the latest news about MNDY:

• Neutral Sentiment: Q3 results beat analyst estimates: earnings were $2.14 per share versus $1.41 expected, and revenue was $377.5 million versus $369.2 million expected, up 19.1% year over year. However, investors are weighing those results against concerns about the growth outlook. Q3 Earnings Call Highlights
• Negative Sentiment: Multiple firms cut price targets, including Wells Fargo, BTIG, Barclays, JPMorgan, Citi and UBS. Canaccord downgraded the stock, while Needham also lowered its rating to Hold, citing disappointing Q3 results. The breadth of these moves signals more cautious expectations for MNDY. Wells Fargo forecast Analyst insights
• Negative Sentiment: Management’s discussion pointed to slowing revenue growth, longer sales cycles and weakness among small businesses, tempering optimism about AI monetization and enterprise expansion. Reports of heavy put-option buying also reflect bearish positioning, though options activity alone does not establish the market’s direction. Q3 Earnings Call Highlights Put options activity

About monday.com

monday.com Ltd. is a software company that provides a cloud-based platform for organizations to plan, manage and track work. Founded in 2012 as dapulse, the company adopted the monday.com name in 2017. Its products include monday work management, monday CRM, monday dev and monday service. The platform offers tools for project and workflow management, customer relationship management, software development and service operations, with features for collaboration, automation and reporting. Headquartered in Tel Aviv, Israel, monday.com serves customers across a range of industries and geographies.