monday.com (MNDY) Scheduled to Post Quarterly Earnings on Monday

monday.com (NASDAQ:MNDYGet Rating) is set to issue its quarterly earnings data before the market opens on Monday, August 8th. Analysts expect the company to announce earnings of ($0.75) per share for the quarter. monday.com has set its FY 2022 guidance at EPS and its Q2 2022 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

monday.com (NASDAQ:MNDYGet Rating) last released its quarterly earnings data on Monday, May 16th. The company reported ($1.48) EPS for the quarter, topping the consensus estimate of ($1.52) by $0.04. monday.com had a negative return on equity of 22.46% and a negative net margin of 43.90%. The company had revenue of $108.50 million during the quarter, compared to the consensus estimate of $101.31 million. The firm’s revenue was up 83.9% compared to the same quarter last year. On average, analysts expect monday.com to post $-5 EPS for the current fiscal year and $-5 EPS for the next fiscal year.

monday.com Stock Performance

NASDAQ MNDY opened at $127.83 on Friday. monday.com has a one year low of $85.75 and a one year high of $450.00. The stock has a 50-day moving average of $106.76 and a 200 day moving average of $139.17. The company has a market capitalization of $5.64 billion, a price-to-earnings ratio of -28.22 and a beta of 2.03.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MNDY. Renaissance Technologies LLC raised its stake in monday.com by 6,322.6% during the 1st quarter. Renaissance Technologies LLC now owns 199,100 shares of the company’s stock valued at $31,472,000 after purchasing an additional 196,000 shares during the period. UBS Group AG raised its stake in monday.com by 163.2% during the 1st quarter. UBS Group AG now owns 56,828 shares of the company’s stock valued at $8,983,000 after purchasing an additional 146,752 shares during the period. Bank of New York Mellon Corp bought a new stake in monday.com during the 1st quarter valued at approximately $8,834,000. BlackRock Inc. raised its stake in monday.com by 151.9% during the 1st quarter. BlackRock Inc. now owns 33,300 shares of the company’s stock valued at $5,264,000 after purchasing an additional 20,079 shares during the period. Finally, Invesco Ltd. bought a new stake in monday.com in the 1st quarter worth approximately $4,905,000. 76.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Tigress Financial dropped their target price on monday.com from $432.00 to $240.00 in a research report on Wednesday, June 1st. Canaccord Genuity Group dropped their target price on monday.com from $200.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, May 17th. The Goldman Sachs Group dropped their target price on monday.com from $390.00 to $270.00 and set a “buy” rating on the stock in a research report on Thursday, April 14th. Cowen dropped their target price on monday.com from $240.00 to $200.00 in a research report on Tuesday, May 17th. Finally, Piper Sandler dropped their target price on monday.com from $200.00 to $150.00 and set an “overweight” rating on the stock in a research report on Monday, July 18th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $241.82.

monday.com Company Profile

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monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, and internationally. It provides Work OS, a cloud-based visual work operating system that consists of modular building blocks used and assembled to create software applications and work management tools.

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