Shares of monday.com Ltd. (NASDAQ:MNDY – Get Free Report) have been given an average rating of “Moderate Buy” by the sixteen research firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $195.00.
A number of brokerages have commented on MNDY. Jefferies Financial Group lifted their target price on monday.com from $150.00 to $180.00 and gave the company a “hold” rating in a research note on Tuesday, August 15th. KeyCorp increased their target price on shares of monday.com from $200.00 to $211.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 15th. DA Davidson increased their target price on shares of monday.com from $160.00 to $170.00 and gave the company a “neutral” rating in a research note on Tuesday, August 15th. Loop Capital raised their price objective on shares of monday.com from $180.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, August 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $230.00 price objective on shares of monday.com in a research note on Tuesday, August 15th.
monday.com Trading Up 3.4 %
monday.com (NASDAQ:MNDY – Get Free Report) last released its quarterly earnings data on Monday, August 14th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.17 by $0.24. monday.com had a negative return on equity of 6.92% and a negative net margin of 7.40%. The company had revenue of $175.70 million for the quarter, compared to analyst estimates of $169.25 million. During the same period last year, the company posted ($1.01) earnings per share. The firm’s revenue was up 42.0% compared to the same quarter last year. Sell-side analysts predict that monday.com will post -1.23 earnings per share for the current year.
Institutional Investors Weigh In On monday.com
A number of large investors have recently bought and sold shares of the company. Hollencrest Capital Management acquired a new position in monday.com in the 2nd quarter valued at $26,000. Crewe Advisors LLC grew its holdings in shares of monday.com by 90.4% during the 2nd quarter. Crewe Advisors LLC now owns 158 shares of the company’s stock worth $27,000 after purchasing an additional 75 shares during the period. Cary Street Partners Investment Advisory LLC purchased a new position in shares of monday.com during the 2nd quarter worth $34,000. Quarry LP grew its holdings in shares of monday.com by 192.0% during the 1st quarter. Quarry LP now owns 254 shares of the company’s stock worth $36,000 after purchasing an additional 167 shares during the period. Finally, Arlington Partners LLC grew its holdings in shares of monday.com by 104.1% during the 3rd quarter. Arlington Partners LLC now owns 247 shares of the company’s stock worth $39,000 after purchasing an additional 126 shares during the period. Hedge funds and other institutional investors own 81.30% of the company’s stock.
monday.com Company Profile
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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