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

Shares of monday.com Ltd. (NASDAQ:MNDY) have earned a consensus rating of “Moderate Buy” from the twenty-five analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $117.9130.

A number of research analysts have issued reports on MNDY shares. Zacks Research upgraded monday.com from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. Wall Street Zen raised shares of monday.com from a “hold” rating to a “buy” rating in a report on Saturday. Wolfe Research downgraded shares of monday.com from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, August 11th. Citigroup cut their target price on shares of monday.com from $154.00 to $132.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Finally, BTIG Research reaffirmed a “buy” rating and set a $105.00 target price on shares of monday.com in a research note on Monday, August 10th.

monday.com Stock Down 3.4%

MNDY opened at $84.95 on Friday. monday.com has a twelve month low of $57.50 and a twelve month high of $220.80. The company has a 50-day simple moving average of $88.20 and a 200 day simple moving average of $79.18. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 36.15, a P/E/G ratio of 2.06 and a beta of 1.15.

monday.com (NASDAQ:MNDY) last released its earnings results on Monday, August 10th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.11 by $0.37. monday.com had a net margin of 8.87% and a return on equity of 9.09%. The firm had revenue of $364.62 million for the quarter, compared to analyst estimates of $355.55 million. During the same period last year, the firm earned $1.09 EPS. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. Sell-side analysts anticipate that monday.com will post 2.25 EPS for the current fiscal year.

Institutional Investors Weigh In On monday.com

Hedge funds and other institutional investors have recently bought and sold shares of the company. SEB Asset Management AB bought a new position in monday.com during the first quarter worth $1,639,000. Swiss National Bank raised its position in shares of monday.com by 28.6% in the 1st quarter. Swiss National Bank now owns 159,100 shares of the company’s stock worth $10,995,000 after acquiring an additional 35,400 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of monday.com by 4,194.6% in the 1st quarter. Empowered Funds LLC now owns 14,430 shares of the company’s stock valued at $997,000 after purchasing an additional 14,094 shares during the period. Arkadios Wealth Advisors bought a new stake in shares of monday.com during the 1st quarter valued at about $1,534,000. Finally, Royal Bank of Canada grew its stake in monday.com by 88.7% during the first quarter. Royal Bank of Canada now owns 30,422 shares of the company’s stock worth $2,102,000 after purchasing an additional 14,300 shares during the period. Institutional investors own 73.70% of the company’s stock.

monday.com Company Profile

monday.com Ltd. is a software company that provides cloud-based work management and productivity solutions for organizations of various sizes. Its platform is designed to help teams plan projects, manage workflows, coordinate tasks, track progress and collaborate across departments.

The company’s product portfolio includes monday work management, monday CRM, monday dev and monday service. These products support functions such as project and portfolio management, customer relationship management, software development, IT service management and business process automation.