monday.com Ltd. (NASDAQ:MNDY) Receives $260.61 Consensus PT from Analysts

Shares of monday.com Ltd. (NASDAQ:MNDY) have been given a consensus rating of “Moderate Buy” by the twenty-seven ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $259.4783.

MNDY has been the subject of a number of analyst reports. Oppenheimer initiated coverage on monday.com in a research note on Wednesday, August 27th. They issued an “outperform” rating and a $300.00 price target for the company. BTIG Research started coverage on monday.com in a research note on Tuesday, December 16th. They issued a “buy” rating and a $210.00 price objective for the company. Citigroup decreased their target price on monday.com from $319.00 to $293.00 and set a “buy” rating on the stock in a research note on Tuesday. Tigress Financial upped their price target on monday.com from $295.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of monday.com from $285.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 11th.

monday.com Trading Up 0.1%

monday.com stock opened at $145.30 on Wednesday. monday.com has a 12-month low of $141.20 and a 12-month high of $342.64. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 118.01, a P/E/G ratio of 5.85 and a beta of 1.27. The firm has a 50 day moving average of $166.86 and a 200 day moving average of $212.42.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings results on Monday, November 10th. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.27. The business had revenue of $316.86 million during the quarter, compared to analyst estimates of $312.26 million. monday.com had a net margin of 5.58% and a return on equity of 5.99%. The company’s revenue was up 26.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. On average, analysts predict that monday.com will post 0.46 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Capital World Investors raised its holdings in shares of monday.com by 231.2% during the 3rd quarter. Capital World Investors now owns 1,717,263 shares of the company’s stock worth $332,617,000 after acquiring an additional 1,198,761 shares in the last quarter. Rubicon Global Capital Ltd raised its stake in monday.com by 155.3% during the second 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. Price T Rowe Associates Inc. MD lifted its position in monday.com by 45.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company’s stock valued at $583,969,000 after purchasing an additional 745,686 shares during the last quarter. Norges Bank purchased a new position in shares of monday.com in the 2nd quarter worth $161,114,000. Finally, 1832 Asset Management L.P. bought a new stake in shares of monday.com in the 1st quarter worth about $115,744,000. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Company Profile

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.