monday.com Ltd. (NASDAQ:MNDY) Receives $240.00 Consensus PT from Brokerages

monday.com Ltd. (NASDAQ:MNDY) has been assigned a consensus rating of “Moderate Buy” from the fifteen brokerages that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $240.00.

A number of analysts recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of monday.com in a research report on Tuesday, April 9th. They issued an “overweight” rating and a $260.00 price target on the stock. Oppenheimer raised their target price on shares of monday.com from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Tuesday, February 13th. Piper Sandler restated an “overweight” rating and set a $250.00 target price on shares of monday.com in a report on Tuesday, February 13th. Tigress Financial raised their target price on shares of monday.com from $240.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Finally, KeyCorp began coverage on shares of monday.com in a report on Thursday, March 21st. They set an “overweight” rating and a $275.00 target price on the stock.

monday.com Trading Down 1.8 %

Shares of NASDAQ MNDY opened at $189.33 on Friday. The firm has a market capitalization of $9.14 billion, a PE ratio of -2,704.33 and a beta of 1.18. monday.com has a 1 year low of $108.35 and a 1 year high of $239.22. The firm’s 50-day moving average is $210.99 and its 200-day moving average is $190.92.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Monday, February 12th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.33. The business had revenue of $202.60 million for the quarter, compared to the consensus estimate of $197.97 million. monday.com had a negative net margin of 0.26% and a negative return on equity of 0.43%. monday.com’s revenue for the quarter was up 35.5% on a year-over-year basis. During the same period last year, the company posted ($0.03) EPS. As a group, equities research analysts anticipate that monday.com will post -0.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Crewe Advisors LLC raised its stake in monday.com by 44.9% in the third quarter. Crewe Advisors LLC now owns 229 shares of the company’s stock valued at $36,000 after purchasing an additional 71 shares in the last quarter. Desjardins Global Asset Management Inc. raised its stake in monday.com by 222.0% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 132 shares of the company’s stock valued at $25,000 after purchasing an additional 91 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in monday.com by 13.0% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 806 shares of the company’s stock valued at $151,000 after purchasing an additional 93 shares in the last quarter. Arlington Partners LLC raised its stake in monday.com by 104.1% in the third quarter. Arlington Partners LLC now owns 247 shares of the company’s stock valued at $39,000 after purchasing an additional 126 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in monday.com by 21.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 834 shares of the company’s stock valued at $131,000 after purchasing an additional 145 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

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.