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

monday.com Ltd. (NASDAQ:MNDY) has earned an average rating of “Moderate Buy” from the twenty-four ratings firms that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation, eighteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $310.68.

Several equities analysts have issued reports on MNDY shares. William Blair restated an “outperform” rating on shares of monday.com in a research note on Wednesday, December 18th. DA Davidson reaffirmed a “neutral” rating and issued a $300.00 target price on shares of monday.com in a research report on Tuesday, November 12th. Cantor Fitzgerald initiated coverage on shares of monday.com in a research note on Friday, January 17th. They set an “overweight” rating and a $292.00 target price for the company. Barclays lifted their price objective on monday.com from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Finally, Scotiabank reduced their target price on shares of monday.com from $325.00 to $300.00 and set a “sector outperform” rating for the company in a report on Thursday, January 16th.

monday.com Stock Down 0.3 %

Shares of MNDY stock opened at $248.13 on Friday. monday.com has a 52 week low of $174.75 and a 52 week high of $324.99. The stock has a fifty day moving average of $254.09 and a 200 day moving average of $259.69. The firm has a market capitalization of $11.98 billion, a price-to-earnings ratio of 605.20, a PEG ratio of 6.29 and a beta of 1.30.

monday.com (NASDAQ:MNDY) last released its earnings results on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.24. The firm had revenue of $251.00 million during the quarter, compared to analyst estimates of $246.17 million. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The business’s revenue was up 49.5% on a year-over-year basis. During the same period last year, the business earned $0.15 earnings per share. Equities research analysts anticipate that monday.com will post 0.85 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. R Squared Ltd bought a new position in shares of monday.com in the 4th quarter valued at about $33,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in monday.com in the third quarter worth $43,000. Toronto Dominion Bank purchased a new position in monday.com in the 2nd quarter worth about $120,000. Spire Wealth Management bought a new stake in monday.com during the 4th quarter valued at $125,000. Finally, Vestcor Inc lifted its stake in monday.com by 31.4% in the third quarter. Vestcor Inc now owns 519 shares of the company’s stock worth $144,000 after acquiring an additional 124 shares during the period. 73.70% of the stock is currently owned by institutional investors.

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.