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

monday.com Ltd. (NASDAQ:MNDY) has been given a consensus rating of “Moderate Buy” by the twenty-two analysts that are covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $313.10.

A number of equities analysts have recently commented on the stock. DA Davidson reiterated a “neutral” rating and set a $300.00 price target on shares of monday.com in a report on Tuesday, November 12th. William Blair reaffirmed an “outperform” rating on shares of monday.com in a report on Wednesday, December 18th. Wells Fargo & Company lifted their price objective on monday.com from $315.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Barclays increased their target price on shares of monday.com from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Finally, Citigroup dropped their price target on shares of monday.com from $338.00 to $302.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th.

Hedge Funds Weigh In On monday.com

Several institutional investors have recently modified their holdings of the business. China Universal Asset Management Co. Ltd. bought a new stake in monday.com during the third quarter worth $1,667,000. International Assets Investment Management LLC bought a new stake in shares of monday.com during the 3rd quarter worth $21,989,000. Taylor Frigon Capital Management LLC purchased a new position in shares of monday.com in the 3rd quarter worth about $1,311,000. Jennison Associates LLC boosted its holdings in shares of monday.com by 77.5% in the 3rd quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock worth $202,905,000 after buying an additional 318,837 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in monday.com by 6.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 36,572 shares of the company’s stock valued at $10,159,000 after buying an additional 2,196 shares during the period. 73.70% of the stock is owned by institutional investors.

monday.com Stock Performance

Shares of NASDAQ:MNDY opened at $235.25 on Wednesday. monday.com has a 52-week low of $170.00 and a 52-week high of $324.99. The company has a market capitalization of $11.36 billion, a PE ratio of 573.78, a price-to-earnings-growth ratio of 7.61 and a beta of 1.25. The company has a fifty day moving average of $271.21 and a 200-day moving average of $259.85.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.24. monday.com had a return on equity of 4.99% and a net margin of 2.39%. The business had revenue of $251.00 million during the quarter, compared to analysts’ expectations of $246.17 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The business’s revenue for the quarter was up 49.5% compared to the same quarter last year. On average, equities analysts forecast that monday.com will post 0.85 EPS for the current fiscal year.

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.