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

Shares of monday.com Ltd. (NASDAQ:MNDY) have been assigned a consensus rating of “Moderate Buy” from the twenty-seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, twenty-two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $257.7391.

A number of research analysts recently weighed in on MNDY shares. Tigress Financial lifted their target price on monday.com from $295.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Robert W. Baird decreased their target price on monday.com from $240.00 to $210.00 and set an “outperform” rating for the company in a report on Tuesday, November 11th. Weiss Ratings reissued a “sell (d)” rating on shares of monday.com in a research report on Wednesday, October 8th. Zacks Research raised shares of monday.com from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Finally, Cantor Fitzgerald dropped their price objective on shares of monday.com from $286.00 to $257.00 and set an “overweight” rating for the company in a research report on Thursday, September 18th.

monday.com Stock Performance

MNDY opened at $148.03 on Friday. monday.com has a 1 year low of $141.20 and a 1 year high of $342.64. The company’s 50 day simple moving average is $154.86 and its 200 day simple moving average is $199.62. The stock has a market capitalization of $7.52 billion, a PE ratio of 120.35, a P/E/G ratio of 3.40 and a beta of 1.26.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Monday, November 10th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.89 by $0.27. The firm had revenue of $316.86 million during the quarter, compared to analyst estimates of $312.26 million. monday.com had a net margin of 5.58% and a return on equity of 5.99%. monday.com’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.85 earnings per share. As a group, sell-side analysts expect that monday.com will post 0.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. WCM Investment Management LLC increased its stake in shares of monday.com by 2.8% in the third quarter. WCM Investment Management LLC now owns 4,184,745 shares of the company’s stock worth $843,519,000 after buying an additional 115,353 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of monday.com by 9.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,833,000 shares of the company’s stock worth $576,442,000 after purchasing an additional 150,987 shares during the last quarter. Capital World Investors increased its position in shares of monday.com by 231.2% in the 3rd quarter. Capital World Investors now owns 1,717,263 shares of the company’s stock worth $332,617,000 after purchasing an additional 1,198,761 shares during the last quarter. Rubicon Global Capital Ltd raised its stake in shares of monday.com by 155.3% in the 2nd quarter. Rubicon Global Capital Ltd now owns 1,442,900 shares of the company’s stock valued at $453,763,000 after purchasing an additional 877,700 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of monday.com by 110.9% during the fourth quarter. SG Americas Securities LLC now owns 932,912 shares of the company’s stock worth $137,660,000 after purchasing an additional 490,491 shares during the last quarter. 73.70% of the stock is owned by hedge funds and other institutional investors.

monday.com Company Profile

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.