Brokerages Set monday.com Ltd. (NASDAQ:MNDY) Price Target at $310.68

monday.com Ltd. (NASDAQ:MNDY) has earned a consensus recommendation of “Moderate Buy” from the twenty-four brokerages that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $310.68.

Several analysts have recently commented on the company. William Blair reiterated an “outperform” rating on shares of monday.com in a report on Wednesday, December 18th. Loop Capital reduced their target price on monday.com from $310.00 to $300.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. Cantor Fitzgerald assumed coverage on monday.com in a research note on Friday, January 17th. They issued an “overweight” rating and a $292.00 target price for the company. KeyCorp downgraded monday.com from an “overweight” rating to a “sector weight” rating in a research report on Friday, December 13th. Finally, Citigroup raised monday.com from a “neutral” rating to a “buy” rating and cut their price target for the stock from $302.00 to $298.00 in a research report on Thursday, January 16th.

monday.com Stock Down 3.3 %

Shares of monday.com stock opened at $241.86 on Friday. The company has a market capitalization of $11.68 billion, a price-to-earnings ratio of 589.90, a PEG ratio of 6.29 and a beta of 1.30. monday.com has a 52 week low of $174.75 and a 52 week high of $324.99. The stock’s 50-day simple moving average is $253.17 and its 200-day simple moving average is $260.00.

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

Hedge Funds Weigh In On monday.com

Several institutional investors and hedge funds have recently modified their holdings of MNDY. FMR LLC lifted its stake in shares of monday.com by 112.0% during the third quarter. FMR LLC now owns 1,512,094 shares of the company’s stock valued at $420,014,000 after buying an additional 798,791 shares during the period. SG Americas Securities LLC lifted its stake in shares of monday.com by 1,024.7% during the fourth quarter. SG Americas Securities LLC now owns 476,392 shares of the company’s stock valued at $112,162,000 after buying an additional 434,035 shares during the period. Jennison Associates LLC raised its stake in monday.com by 77.5% during the third quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock worth $202,905,000 after purchasing an additional 318,837 shares during the period. Allspring Global Investments Holdings LLC raised its stake in monday.com by 431.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 385,843 shares of the company’s stock worth $107,176,000 after purchasing an additional 313,279 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in monday.com during the second quarter worth approximately $28,747,000. Hedge funds and other institutional investors own 73.70% of the company’s stock.

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.