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

Shares of monday.com Ltd. (NASDAQ:MNDY) have received an average recommendation of “Moderate Buy” from the twenty-four brokerages that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $352.64.

A number of analysts recently weighed in on MNDY shares. Canaccord Genuity Group upped their target price on shares of monday.com from $310.00 to $375.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Tigress Financial upped their price target on shares of monday.com from $340.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, February 21st. DA Davidson raised monday.com from a “neutral” rating to a “buy” rating and set a $350.00 price objective for the company in a research note on Monday, March 17th. The Goldman Sachs Group upped their target price on monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, Barclays lifted their price target on monday.com from $325.00 to $360.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th.

monday.com Stock Performance

Shares of NASDAQ MNDY opened at $243.65 on Friday. monday.com has a fifty-two week low of $174.75 and a fifty-two week high of $342.64. The stock has a market cap of $12.37 billion, a PE ratio of 406.08, a price-to-earnings-growth ratio of 16.53 and a beta of 1.34. The stock has a fifty day moving average of $270.63 and a 200-day moving average of $268.18.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, February 10th. The company reported $0.50 earnings per share 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%. On average, sell-side analysts predict that monday.com will post 0.46 EPS for the current year.

Institutional Investors Weigh In On monday.com

Institutional investors have recently bought and sold shares of the stock. Stonebridge Financial Group LLC bought a new stake in monday.com in the fourth quarter valued at approximately $25,000. Arcadia Investment Management Corp MI purchased a new stake in monday.com during the 4th quarter valued at $28,000. R Squared Ltd bought a new stake in monday.com in the 4th quarter worth $33,000. Signaturefd LLC increased its position in shares of monday.com by 157.1% in the fourth quarter. Signaturefd LLC now owns 144 shares of the company’s stock valued at $34,000 after acquiring an additional 88 shares during the period. Finally, Global Retirement Partners LLC raised its stake in shares of monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock valued at $35,000 after acquiring an additional 59 shares during the last quarter. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

About monday.com

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.