Brokerages Set monday.com Ltd. (NASDAQ:MNDY) PT at $358.32

monday.com Ltd. (NASDAQ:MNDY) has received an average rating of “Moderate Buy” from the twenty-four analysts that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and twenty-one have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $354.45.

A number of analysts recently issued reports on MNDY shares. KeyCorp upgraded monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price target for the company in a research report on Tuesday, February 11th. The Goldman Sachs Group raised their price target on monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Jefferies Financial Group raised their price target on monday.com from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Needham & Company LLC raised their price objective on monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. raised their price objective on monday.com from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th.

monday.com Price Performance

MNDY stock opened at $262.68 on Monday. The company has a market capitalization of $12.68 billion, a price-to-earnings ratio of 437.80, a PEG ratio of 16.53 and a beta of 1.27. monday.com has a 1-year low of $174.75 and a 1-year high of $342.64. The business has a 50 day simple moving average of $267.89 and a two-hundred day simple moving average of $269.54.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. Sell-side analysts anticipate that monday.com will post 0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Entropy Technologies LP acquired a new position in shares of monday.com during the 3rd quarter worth approximately $349,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in monday.com by 3.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 66,691 shares of the company’s stock valued at $18,525,000 after buying an additional 2,085 shares in the last quarter. CIBC Asset Management Inc grew its holdings in monday.com by 6.1% in the 3rd quarter. CIBC Asset Management Inc now owns 3,512 shares of the company’s stock valued at $976,000 after buying an additional 202 shares in the last quarter. Natixis Advisors LLC grew its holdings in monday.com by 11.9% in the 3rd quarter. Natixis Advisors LLC now owns 60,834 shares of the company’s stock valued at $16,898,000 after buying an additional 6,488 shares in the last quarter. Finally, S&CO Inc. purchased a new stake in monday.com in the 3rd quarter valued at $206,000. 73.70% of the stock is owned by institutional investors and hedge funds.

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.