monday.com Ltd. (NASDAQ:MNDY) Receives Average Recommendation of “Moderate Buy” from Analysts

monday.com Ltd. (NASDAQ:MNDY) has earned a consensus recommendation of “Moderate Buy” from the twenty-three brokerages that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $310.81.

Several equities research analysts recently commented on MNDY shares. DA Davidson reiterated a “neutral” rating and set a $300.00 target price on shares of monday.com in a research report on Tuesday, November 12th. Loop Capital boosted their price objective on shares of monday.com from $285.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Capital One Financial started coverage on monday.com in a report on Thursday, October 10th. They issued an “overweight” rating and a $325.00 price objective for the company. TD Cowen upped their price target on monday.com from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Finally, Canaccord Genuity Group raised their price objective on monday.com from $295.00 to $310.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th.

Institutional Investors Weigh In On monday.com

Hedge funds and other institutional investors have recently modified their holdings of the company. American Trust acquired a new stake in monday.com in the 3rd quarter valued at $204,000. Wilmington Savings Fund Society FSB bought a new position in shares of monday.com in the third quarter valued at $469,000. Geode Capital Management LLC lifted its stake in shares of monday.com by 4.1% in the third quarter. Geode Capital Management LLC now owns 330,777 shares of the company’s stock valued at $91,447,000 after buying an additional 12,968 shares in the last quarter. Vestcor Inc grew its holdings in shares of monday.com by 31.4% during the third quarter. Vestcor Inc now owns 519 shares of the company’s stock valued at $144,000 after buying an additional 124 shares during the last quarter. Finally, Barclays PLC increased its position in shares of monday.com by 225.8% during the third quarter. Barclays PLC now owns 17,427 shares of the company’s stock worth $4,840,000 after acquiring an additional 12,078 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

monday.com Stock Performance

Shares of MNDY opened at $273.08 on Friday. monday.com has a 52 week low of $170.00 and a 52 week high of $324.99. The stock has a market capitalization of $13.18 billion, a price-to-earnings ratio of 666.05, a PEG ratio of 7.75 and a beta of 1.25. The stock has a fifty day moving average of $285.81 and a 200-day moving average of $258.11.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, November 11th. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.61 by $0.24. The firm had revenue of $251.00 million during the quarter, compared to the consensus estimate of $246.17 million. monday.com had a return on equity of 4.99% and a net margin of 2.39%. The business’s quarterly revenue was up 49.5% on a year-over-year basis. During the same period last year, the company earned $0.15 earnings per share. As a group, equities analysts forecast that monday.com will post 0.85 EPS for the current year.

monday.com Company Profile

monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, the United Kingdom, and internationally. The company 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.