monday.com Ltd. (NASDAQ:MNDY – Get Rating) has received a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $223.83.
MNDY has been the topic of several analyst reports. DA Davidson increased their price target on monday.com from $145.00 to $175.00 in a report on Tuesday, August 9th. Piper Sandler raised their price objective on shares of monday.com from $150.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 9th. Cowen raised their price objective on shares of monday.com from $150.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 9th. Tigress Financial lowered their price objective on shares of monday.com from $432.00 to $240.00 in a research note on Wednesday, June 1st. Finally, Canaccord Genuity Group raised their price objective on shares of monday.com from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, August 9th.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allianz Asset Management GmbH lifted its holdings in shares of monday.com by 27.0% during the fourth quarter. Allianz Asset Management GmbH now owns 460,462 shares of the company’s stock valued at $142,154,000 after acquiring an additional 97,904 shares during the period. FourThought Financial LLC bought a new position in shares of monday.com during the first quarter valued at $42,000. Samson Rock Capital LLP bought a new position in shares of monday.com in the first quarter valued at about $1,024,000. Summit Trail Advisors LLC raised its holdings in shares of monday.com by 161.6% in the fourth quarter. Summit Trail Advisors LLC now owns 36,735 shares of the company’s stock valued at $11,341,000 after buying an additional 22,692 shares during the last quarter. Finally, SJS Investment Consulting Inc. bought a new position in shares of monday.com in the first quarter valued at about $37,000. 64.64% of the stock is owned by institutional investors.
monday.com Stock Up 9.3 %
monday.com (NASDAQ:MNDY – Get Rating) last announced its quarterly earnings results on Monday, August 8th. The company reported ($1.01) EPS for the quarter, beating the consensus estimate of ($1.35) by $0.34. monday.com had a negative return on equity of 25.09% and a negative net margin of 42.31%. The company had revenue of $123.70 million for the quarter, compared to the consensus estimate of $118.22 million. During the same quarter last year, the company posted ($1.67) earnings per share. The company’s revenue for the quarter was up 75.2% compared to the same quarter last year. As a group, equities analysts expect that monday.com will post -4.94 EPS for the current fiscal year.
monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, and internationally. It 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.
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