monday.com Ltd. (NASDAQ:MNDY) Receives $117.91 Consensus Target Price from Analysts

Shares of monday.com Ltd. (NASDAQ:MNDY) have been given a consensus rating of “Moderate Buy” by the twenty-five analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, fourteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $117.9130.

Several equities research analysts recently issued reports on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of monday.com in a report on Thursday, June 11th. TD Cowen reiterated a “buy” rating and issued a $110.00 price target on shares of monday.com in a research report on Tuesday, August 11th. Tigress Financial reduced their price objective on shares of monday.com to $165.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Jefferies Financial Group reissued a “hold” rating and set a $95.00 price target on shares of monday.com in a report on Monday, August 10th. Finally, BTIG Research reissued a “buy” rating and issued a $105.00 target price on shares of monday.com in a report on Monday, August 10th.

monday.com Stock Performance

NASDAQ MNDY opened at $92.55 on Monday. The business’s fifty day moving average is $82.55 and its 200 day moving average is $77.01. monday.com has a fifty-two week low of $57.50 and a fifty-two week high of $220.80. The company has a market capitalization of $4.73 billion, a PE ratio of 39.38, a price-to-earnings-growth ratio of 2.18 and a beta of 1.24.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Monday, August 10th. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.37. monday.com had a return on equity of 9.09% and a net margin of 8.87%.The business had revenue of $364.62 million during the quarter, compared to analysts’ expectations of $355.55 million. During the same quarter in the prior year, the business posted $1.09 earnings per share. The business’s quarterly revenue was up 21.9% on a year-over-year basis. On average, sell-side analysts forecast that monday.com will post 2.25 EPS for the current year.

Institutional Trading of monday.com

Several hedge funds have recently modified their holdings of MNDY. California State Teachers Retirement System raised its position in shares of monday.com by 10,466.8% during the 2nd quarter. California State Teachers Retirement System now owns 3,293,238 shares of the company’s stock valued at $238,397,000 after buying an additional 3,262,072 shares in the last quarter. Capital World Investors lifted its position in shares of monday.com by 91.4% during the fourth quarter. Capital World Investors now owns 3,286,461 shares of the company’s stock worth $484,950,000 after purchasing an additional 1,569,198 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in monday.com by 93.3% during the 1st quarter. Renaissance Technologies LLC now owns 2,181,990 shares of the company’s stock valued at $150,797,000 after buying an additional 1,052,900 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of monday.com by 15.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,274,910 shares of the company’s stock valued at $188,126,000 after acquiring an additional 165,996 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of monday.com by 3.8% in the 4th quarter. State Street Corp now owns 688,751 shares of the company’s stock worth $101,632,000 after buying an additional 25,009 shares during the period. 73.70% of the stock is owned by hedge funds and other institutional investors.

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.