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

monday.com Ltd. (NASDAQ:MNDYGet Rating) has been assigned a consensus recommendation of “Buy” from the fifteen research firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $283.23.

MNDY has been the topic of several analyst reports. DA Davidson raised monday.com from a “neutral” rating to a “buy” rating and cut their target price for the company from $275.00 to $170.00 in a research note on Thursday, February 24th. Piper Sandler decreased their price objective on monday.com from $380.00 to $250.00 and set an “overweight” rating for the company in a report on Thursday, February 24th. Cowen decreased their price target on monday.com from $325.00 to $260.00 and set an “outperform” rating for the company in a research note on Thursday, February 24th. Canaccord Genuity Group reduced their target price on monday.com from $430.00 to $200.00 in a research note on Thursday, February 24th. Finally, Canaccord Genuity Group dropped their price objective on monday.com from $430.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 24th.

Shares of MNDY stock traded down $1.67 during trading hours on Thursday, reaching $140.60. 11,127 shares of the company’s stock were exchanged, compared to its average volume of 631,818. monday.com has a fifty-two week low of $113.05 and a fifty-two week high of $450.00. The business has a fifty day moving average price of $167.70 and a 200-day moving average price of $261.75.

monday.com (NASDAQ:MNDYGet Rating) last announced its quarterly earnings results on Wednesday, February 23rd. The company reported ($0.73) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.01) by $0.28. The firm had revenue of $95.55 million for the quarter, compared to analysts’ expectations of $87.80 million. monday.com had a negative return on equity of 27.33% and a negative net margin of 41.96%. The business’s revenue was up 90.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.64) earnings per share. As a group, equities analysts predict that monday.com will post -5.71 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. Hamilton Lane Advisors LLC purchased a new stake in monday.com in the 4th quarter worth $215,186,000. Zoom Video Communications Inc. purchased a new position in shares of monday.com during the fourth quarter valued at about $149,381,000. Allianz Asset Management GmbH grew its position in shares of monday.com by 27.0% during the fourth quarter. Allianz Asset Management GmbH now owns 460,462 shares of the company’s stock valued at $142,154,000 after purchasing an additional 97,904 shares in the last quarter. Franklin Resources Inc. grew its position in shares of monday.com by 36.9% during the third quarter. Franklin Resources Inc. now owns 329,953 shares of the company’s stock valued at $107,631,000 after purchasing an additional 88,923 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of monday.com by 6.5% during the fourth quarter. Alliancebernstein L.P. now owns 243,397 shares of the company’s stock valued at $75,142,000 after purchasing an additional 14,900 shares in the last quarter. Hedge funds and other institutional investors own 60.85% of the company’s stock.

monday.com Company Profile (Get Rating)

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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Analyst Recommendations for monday.com (NASDAQ:MNDY)

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