Brokerages Set monday.com Ltd. (NASDAQ:MNDY) PT at $195.00

Shares of monday.com Ltd. (NASDAQ:MNDY) 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 %

Shares of MNDY opened at $131.96 on Friday. The firm has a market capitalization of $5.83 billion, a P/E ratio of -131.96 and a beta of 0.87. The stock’s fifty day simple moving average is $153.43 and its 200 day simple moving average is $158.13. monday.com has a twelve month low of $73.58 and a twelve month high of $189.15.

monday.com (NASDAQ:MNDY) 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.