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

Shares of monday.com Ltd. (NASDAQ:MNDY) have been assigned an average recommendation of “Moderate Buy” from the twenty-six brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, nineteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $155.3750.

MNDY has been the topic of a number of analyst reports. Bank of America reduced their price objective on monday.com from $157.00 to $95.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 10th. Citigroup reduced their price target on monday.com from $230.00 to $176.00 and set a “buy” rating on the stock in a report on Tuesday, February 10th. KeyCorp lowered their price target on shares of monday.com from $220.00 to $140.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 10th. Weiss Ratings reissued a “sell (d)” rating on shares of monday.com in a report on Thursday, January 22nd. Finally, Canaccord Genuity Group reduced their target price on shares of monday.com from $190.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, February 10th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its position in monday.com by 2,120.0% in the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after acquiring an additional 106 shares during the period. CWM LLC grew its holdings in shares of monday.com by 31.3% during the 2nd quarter. CWM LLC now owns 210 shares of the company’s stock worth $66,000 after purchasing an additional 50 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of monday.com during the 2nd quarter worth about $391,000. New York Life Investment Management LLC purchased a new stake in monday.com in the 2nd quarter valued at about $248,000. Finally, Spire Wealth Management lifted its position in monday.com by 7.5% in the second quarter. Spire Wealth Management now owns 615 shares of the company’s stock valued at $193,000 after buying an additional 43 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Trading Down 3.9%

NASDAQ:MNDY opened at $72.64 on Monday. The company has a market cap of $3.69 billion, a P/E ratio of 32.28, a P/E/G ratio of 1.34 and a beta of 1.32. monday.com has a twelve month low of $68.68 and a twelve month high of $316.98. The company’s 50-day moving average price is $114.93 and its 200-day moving average price is $155.87.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, February 9th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.13. monday.com had a net margin of 9.64% and a return on equity of 4.80%. The company had revenue of $333.88 million during the quarter, compared to analysts’ expectations of $329.71 million. During the same quarter in the prior year, the company earned $1.08 EPS. monday.com’s revenue was up 24.6% compared to the same quarter last year. On average, analysts expect that monday.com will post 0.46 earnings per share for the current year.

About monday.com

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.