monday.com Ltd. (NASDAQ:MNDY) Receives $126.04 Average PT from Brokerages

monday.com Ltd. (NASDAQ:MNDY) has been assigned an average rating of “Moderate Buy” from the twenty-five ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $126.0435.

Several research firms have recently issued reports on MNDY. Jefferies Financial Group restated a “hold” rating on shares of monday.com in a report on Tuesday, May 12th. Citigroup dropped their target price on shares of monday.com from $176.00 to $154.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Zacks Research lowered shares of monday.com from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Guggenheim set a $130.00 price target on shares of monday.com and gave the stock a “buy” rating in a report on Thursday, April 9th. Finally, Oppenheimer set a $115.00 price objective on shares of monday.com in a research note on Monday, May 11th.

Hedge Funds Weigh In On monday.com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its position in monday.com by 2,120.0% during the 1st 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. Advisory Services Network LLC purchased a new stake in monday.com during the 3rd quarter valued at about $28,000. EverSource Wealth Advisors LLC increased its holdings in shares of monday.com by 498.6% in the first quarter. EverSource Wealth Advisors LLC now owns 425 shares of the company’s stock valued at $29,000 after purchasing an additional 354 shares during the period. Quarry LP acquired a new position in shares of monday.com in the fourth quarter valued at about $29,000. Finally, Huntington National Bank raised its stake in shares of monday.com by 6,040.0% in the fourth quarter. Huntington National Bank now owns 307 shares of the company’s stock worth $45,000 after purchasing an additional 302 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Price Performance

Shares of NASDAQ:MNDY opened at $87.15 on Thursday. The business’s 50-day moving average is $79.52 and its 200 day moving average is $81.48. monday.com has a 1 year low of $57.50 and a 1 year high of $279.68. The firm has a market capitalization of $4.46 billion, a P/E ratio of 37.89, a P/E/G ratio of 4.36 and a beta of 1.26.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Friday, March 13th. The company reported $1.15 EPS for the quarter. The company had revenue of $351.26 million during the quarter. monday.com had a return on equity of 5.10% and a net margin of 9.17%. On average, analysts expect that monday.com will post 1.59 EPS for the current year.

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.