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

Shares of monday.com Ltd. (NASDAQ:MNDY) have earned a consensus recommendation of “Moderate Buy” from the twenty-five ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and twenty-one have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $235.9565.

MNDY has been the subject of a number of research reports. Barclays cut their target price on shares of monday.com from $202.00 to $194.00 and set an “overweight” rating for the company in a research note on Monday, January 12th. BTIG Research reiterated a “buy” rating and set a $210.00 price objective on shares of monday.com in a research note on Thursday, January 15th. JPMorgan Chase & Co. decreased their target price on monday.com from $285.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 11th. Cantor Fitzgerald dropped their price target on monday.com from $215.00 to $148.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, KeyCorp reduced their price objective on monday.com from $270.00 to $220.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd.

monday.com Trading Up 3.0%

Shares of MNDY opened at $104.80 on Thursday. The firm has a market cap of $5.32 billion, a P/E ratio of 85.20, a PEG ratio of 2.22 and a beta of 1.25. monday.com has a 12 month low of $95.08 and a 12 month high of $342.64. The stock’s 50 day moving average is $140.65 and its two-hundred day moving average is $177.66.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, November 10th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.27. The firm had revenue of $316.86 million for the quarter, compared to analyst estimates of $312.26 million. monday.com had a return on equity of 5.99% and a net margin of 5.58%.The business’s revenue was up 26.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 EPS. Equities research analysts forecast that monday.com will post 0.46 EPS for the current year.

Hedge Funds Weigh In On monday.com

A number of institutional investors and hedge funds have recently bought and sold shares of MNDY. WCM Investment Management LLC raised its stake in shares of monday.com by 2.8% in the 3rd quarter. WCM Investment Management LLC now owns 4,184,745 shares of the company’s stock valued at $843,519,000 after acquiring an additional 115,353 shares during the period. Coronation Fund Managers Ltd. increased its holdings in monday.com by 15.8% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 78,577 shares of the company’s stock valued at $24,711,000 after purchasing an additional 10,693 shares during the last quarter. Baillie Gifford & Co. raised its position in monday.com by 136.5% in the third quarter. Baillie Gifford & Co. now owns 708,278 shares of the company’s stock valued at $137,186,000 after purchasing an additional 408,848 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its stake in monday.com by 17.9% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 79,009 shares of the company’s stock worth $15,303,000 after purchasing an additional 12,000 shares in the last quarter. Finally, J. Safra Sarasin Holding AG lifted its stake in monday.com by 67.9% during the third quarter. J. Safra Sarasin Holding AG now owns 47,068 shares of the company’s stock worth $9,117,000 after purchasing an additional 19,034 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

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.