Monday.Com Ltd (NASDAQ: MNDY) stock jumped 0.68% on Friday to $169.70 against a previous-day closing price of $168.55. With 0.78 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.69 million shares. The 52-week range on MNDY shows that it touched its highest point at $189.15 and its lowest point at $90.01 during that stretch. It currently has a 1-year price target of $201.93. Beta for the stock currently stands at 1.07.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MNDY was up-trending over the past week, with a rise of 21.11%, but this was up by 22.19% over a month. Three-month performance surged to 2.43% while six-month performance rose 13.30%. The stock gained 57.13% in the past year, while it has gained 39.10% so far this year. A look at the trailing 12-month EPS for MNDY yields -0.34 with Next year EPS estimates of 1.84. For the next quarter, that number is 0.32. This implies an EPS growth rate of 302.84% for this year and 24.36% for next year.
Float and Shares Shorts:
At present, 47.74 million MNDY shares are outstanding with a float of 27.45 million shares on hand for trading. On Oct 30, 2023, short shares totaled 1.78 million, which was 3.68% higher than short shares on Sep 28, 2023. In addition to Mr. Eran Zinman as the firm’s Co-Founder, Co-CEO, & Director, Mr. Roy Mann serves as its Co-Founder, Co-CEO & Director.
Institutional Ownership:
Through their ownership of 74.21% of MNDY’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 27.97% of MNDY, in contrast to 24.93% held by mutual funds. As the largest shareholder in MNDY with 6.71% of the stake, T. Rowe Price Associates, Inc. holds 3,205,056 shares worth 3,205,056. A second-largest stockholder of MNDY, Franklin Advisers, Inc., holds 1,872,875 shares, controlling over 3.92% of the firm’s shares. Voya Investment Management Co. LL is the third largest shareholder in MNDY, holding 1,636,621 shares or 3.43% stake. With a 4.90% stake in MNDY, the T Rowe Price New Horizons Fund is the largest stakeholder. A total of 2,340,938 shares are owned by the mutual fund manager. The Allianz Global Investors Fund – A, which owns about 1.89% of MNDY stock, is the second-largest Mutual Fund holder. It holds 903,020 shares valued at 117.38 million. Franklin DynaTech Fund holds 1.68% of the stake in MNDY, owning 800,000 shares worth 103.99 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MNDY since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With MNDY analysts setting a high price target of $270.00 and a low target of $180.00, the average target price over the next 12 months is $201.93. Based on these targets, MNDY could surge 59.1% to reach the target high and rise by 6.07% to reach the target low. Reaching the average price target will result in a growth of 18.99% from current levels.
