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

Shares of monday.com Ltd. (NASDAQ:MNDY) have been assigned a consensus rating of “Moderate Buy” from the fifteen analysts that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $240.00.

A number of brokerages have recently issued reports on MNDY. Citigroup downgraded shares of monday.com from a “buy” rating to a “neutral” rating and cut their price target for the stock from $277.00 to $250.00 in a report on Wednesday, April 10th. Canaccord Genuity Group decreased their price target on shares of monday.com from $250.00 to $220.00 and set a “buy” rating for the company in a research report on Monday. Piper Sandler reissued an “overweight” rating and issued a $250.00 price target on shares of monday.com in a research report on Tuesday, February 13th. JPMorgan Chase & Co. raised their price target on shares of monday.com from $230.00 to $270.00 and gave the company an “overweight” rating in a research report on Monday, March 25th. Finally, Needham & Company LLC restated a “buy” rating and issued a $230.00 price objective on shares of monday.com in a report on Tuesday, February 13th.

monday.com Trading Down 1.1 %

MNDY stock opened at $185.20 on Friday. The firm has a 50-day moving average of $212.90 and a two-hundred day moving average of $189.39. The company has a market cap of $8.94 billion, a price-to-earnings ratio of -2,645.34 and a beta of 1.18. monday.com has a 12 month low of $108.35 and a 12 month high of $239.22.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Monday, February 12th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.33. The business had revenue of $202.60 million during the quarter, compared to the consensus estimate of $197.97 million. monday.com had a negative net margin of 0.26% and a negative return on equity of 0.43%. The business’s revenue was up 35.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.03) EPS. As a group, equities analysts forecast that monday.com will post -0.16 earnings per share for the current year.

Institutional Trading of monday.com

Several hedge funds and other institutional investors have recently made changes to their positions in MNDY. Desjardins Global Asset Management Inc. lifted its holdings in shares of monday.com by 222.0% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 132 shares of the company’s stock valued at $25,000 after purchasing an additional 91 shares in the last quarter. Crewe Advisors LLC lifted its holdings in shares of monday.com by 44.9% in the third quarter. Crewe Advisors LLC now owns 229 shares of the company’s stock valued at $36,000 after purchasing an additional 71 shares in the last quarter. Arlington Partners LLC lifted its holdings in shares of monday.com by 104.1% in the third quarter. Arlington Partners LLC now owns 247 shares of the company’s stock valued at $39,000 after purchasing an additional 126 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new position in shares of monday.com in the third quarter valued at approximately $48,000. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of monday.com by 2.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 34,044 shares of the company’s stock valued at $65,000 after buying an additional 691 shares during the last quarter. Hedge funds and other institutional investors own 73.70% 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, the United Kingdom, and internationally. The company 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.