monday.com Ltd. (NASDAQ:MNDY) Given Consensus Recommendation of “Buy” by Analysts

Shares of monday.com Ltd. (NASDAQ:MNDYGet Rating) have earned a consensus rating of “Buy” from the fourteen research firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $248.85.

A number of equities research analysts have recently issued reports on MNDY shares. Piper Sandler lowered their target price on monday.com to $200.00 and set an “overweight” rating for the company in a research note on Tuesday, May 17th. Canaccord Genuity Group lowered their target price on monday.com from $430.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, February 24th. Tigress Financial lowered their target price on monday.com from $432.00 to $240.00 in a research note on Wednesday, June 1st. Needham & Company LLC lowered their price objective on monday.com from $420.00 to $230.00 and set a “buy” rating for the company in a research note on Thursday, February 24th. Finally, The Goldman Sachs Group lowered their price objective on monday.com from $390.00 to $270.00 and set a “buy” rating for the company in a research note on Thursday, April 14th.

monday.com stock opened at $97.60 on Tuesday. The stock’s 50-day moving average is $118.34 and its 200-day moving average is $177.73. The company has a market cap of $4.31 billion and a price-to-earnings ratio of -21.55. monday.com has a 12 month low of $87.05 and a 12 month high of $450.00.

monday.com (NASDAQ:MNDYGet Rating) last posted its earnings results on Monday, May 16th. The company reported ($1.48) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $108.50 million during the quarter, compared to analyst estimates of $101.31 million. The company’s revenue for the quarter was up 83.9% on a year-over-year basis. Analysts expect that monday.com will post -5.48 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. Morgan Stanley bought a new stake in shares of monday.com in the 2nd quarter worth approximately $43,525,000. Geode Capital Management LLC lifted its holdings in shares of monday.com by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 32,539 shares of the company’s stock worth $10,614,000 after purchasing an additional 264 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of monday.com by 3,483.3% in the 3rd quarter. Royal Bank of Canada now owns 215 shares of the company’s stock worth $70,000 after purchasing an additional 209 shares during the last quarter. Gotham Asset Management LLC bought a new stake in shares of monday.com in the 3rd quarter worth approximately $346,000. Finally, Tudor Investment Corp Et Al lifted its holdings in shares of monday.com by 54.5% in the 3rd quarter. Tudor Investment Corp Et Al now owns 11,308 shares of the company’s stock worth $3,689,000 after purchasing an additional 3,990 shares during the last quarter. Institutional investors own 76.31% of the company’s stock.

About monday.com (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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