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

monday.com Ltd. (NASDAQ:MNDY) has been assigned an average recommendation of “Moderate Buy” from the twenty-five research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $126.4783.

A number of research analysts recently weighed in on MNDY shares. Canaccord Genuity Group lowered their target price on shares of monday.com from $140.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Tigress Financial lowered their target price on shares of monday.com to $165.00 and set a “buy” rating on the stock in a research note on Friday, May 22nd. Jefferies Financial Group restated a “hold” rating on shares of monday.com in a research note on Tuesday, May 12th. Barclays lifted their target price on shares of monday.com from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of monday.com in a research note on Thursday.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MNDY. NewEdge Advisors LLC boosted its holdings in shares of monday.com by 2,120.0% during the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after purchasing an additional 106 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of monday.com during the 3rd quarter valued at about $28,000. EverSource Wealth Advisors LLC boosted its holdings in shares of monday.com by 498.6% during the 1st 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 last quarter. Quarry LP bought a new position in shares of monday.com during the 4th quarter valued at about $29,000. Finally, Abound Wealth Management bought a new position in shares of monday.com during the 4th quarter valued at about $30,000. Institutional investors own 73.70% of the company’s stock.

monday.com Price Performance

Shares of monday.com stock opened at $77.57 on Wednesday. The company’s fifty day simple moving average is $73.57 and its 200-day simple moving average is $98.61. The stock has a market capitalization of $3.97 billion, a PE ratio of 33.73, a P/E/G ratio of 3.88 and a beta of 1.24. monday.com has a 1-year low of $57.50 and a 1-year high of $316.98.

monday.com (NASDAQ:MNDY) last released its earnings results on Friday, March 13th. The company reported $1.15 earnings per share 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 anticipate 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.