monday.com Ltd. (NASDAQ:MNDY) Receives $305.18 Consensus Target Price from Analysts

Shares of monday.com Ltd. (NASDAQ:MNDY) have been given a consensus recommendation of “Buy” by the twenty-five research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, twenty-three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $305.1818.

Several analysts have issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and issued a $330.00 price objective (down previously from $360.00) on shares of monday.com in a research note on Monday, August 11th. Baird R W raised shares of monday.com from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. DA Davidson decreased their price objective on shares of monday.com from $325.00 to $275.00 and set a “buy” rating for the company in a research note on Tuesday, August 12th. JPMorgan Chase & Co. decreased their price objective on shares of monday.com from $400.00 to $350.00 and set an “overweight” rating for the company in a research note on Tuesday, May 6th. Finally, Barclays decreased their price objective on shares of monday.com from $345.00 to $258.00 and set an “overweight” rating for the company in a research note on Tuesday, August 12th.

Institutional Trading of monday.com

Hedge funds have recently made changes to their positions in the company. WCM Investment Management LLC lifted its holdings in shares of monday.com by 0.4% in the 1st quarter. WCM Investment Management LLC now owns 4,078,985 shares of the company’s stock worth $1,007,550,000 after acquiring an additional 17,371 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in monday.com by 45.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company’s stock worth $583,969,000 after buying an additional 745,686 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in monday.com by 9.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,833,000 shares of the company’s stock worth $576,442,000 after buying an additional 150,987 shares in the last quarter. Rubicon Global Capital Ltd raised its holdings in shares of monday.com by 155.3% in the 2nd quarter. Rubicon Global Capital Ltd now owns 1,442,900 shares of the company’s stock valued at $453,763,000 after purchasing an additional 877,700 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its holdings in shares of monday.com by 98.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 924,325 shares of the company’s stock valued at $224,759,000 after purchasing an additional 458,794 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Stock Performance

Shares of MNDY stock opened at $175.74 on Thursday. The firm has a market capitalization of $8.92 billion, a PE ratio of 237.49, a PEG ratio of 5.91 and a beta of 1.27. The stock has a fifty day simple moving average of $276.72 and a two-hundred day simple moving average of $274.54. monday.com has a 52-week low of $171.54 and a 52-week high of $342.64.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, August 11th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.25. monday.com had a return on equity of 6.32% and a net margin of 3.63%. The firm had revenue of $299.01 million during the quarter, compared to analyst estimates of $293.60 million. During the same quarter last year, the business posted $0.94 earnings per share. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. On average, sell-side analysts forecast that monday.com will post 0.46 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.