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

Shares of monday.com Ltd. (NASDAQ:MNDY) have earned an average rating of “Moderate Buy” from the twenty-five analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $126.4783.

MNDY has been the topic of several analyst reports. Tigress Financial dropped their price target on shares of monday.com from $310.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday. Loop Capital set a $80.00 price objective on shares of monday.com in a report on Tuesday, February 10th. Cantor Fitzgerald decreased their price objective on shares of monday.com from $148.00 to $95.00 and set an “overweight” rating for the company in a report on Tuesday, February 10th. Canaccord Genuity Group decreased their price objective on shares of monday.com from $140.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Finally, DA Davidson set a $100.00 price objective on shares of monday.com in a report on Tuesday, February 10th.

Institutional Trading of monday.com

Several large investors have recently modified their holdings of MNDY. Capital World Investors boosted its holdings in shares of monday.com by 91.4% during the 4th quarter. Capital World Investors now owns 3,286,461 shares of the company’s stock worth $484,950,000 after buying an additional 1,569,198 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of monday.com by 93.3% during the 1st quarter. Renaissance Technologies LLC now owns 2,181,990 shares of the company’s stock worth $150,797,000 after buying an additional 1,052,900 shares during the period. Norges Bank bought a new stake in shares of monday.com during the 4th quarter worth $79,789,000. SG Americas Securities LLC boosted its holdings in shares of monday.com by 110.9% during the 4th quarter. SG Americas Securities LLC now owns 932,912 shares of the company’s stock worth $137,660,000 after buying an additional 490,491 shares during the period. Finally, Baillie Gifford & Co. boosted its holdings in shares of monday.com by 136.5% during the 3rd quarter. Baillie Gifford & Co. now owns 708,278 shares of the company’s stock worth $137,186,000 after buying an additional 408,848 shares during the period. 73.70% of the stock is owned by institutional investors.

monday.com Stock Up 3.7%

Shares of MNDY opened at $79.06 on Friday. The company’s fifty day moving average is $70.24 and its 200-day moving average is $107.82. monday.com has a 12 month low of $57.50 and a 12 month high of $316.98. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 34.37, a price-to-earnings-growth ratio of 3.30 and a beta of 1.17.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Friday, March 13th. The company reported $1.15 EPS for the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. The company had revenue of $351.27 million for the quarter. As a group, research analysts predict that monday.com will post 1.83 earnings per share for the current fiscal 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.