monday.com Ltd. (NASDAQ:MNDY) Stock Has Consensus Price Target of $111.70

monday.com Ltd. (NASDAQ:MNDY) has received a consensus recommendation of “Moderate Buy” from the twenty-five ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $111.70.

A number of equities analysts recently weighed in on MNDY shares. BTIG Research reissued a “buy” rating and issued a $105.00 price target on shares of monday.com in a report on Monday, August 10th. Jefferies Financial Group restated a “hold” rating and set a $95.00 price target on shares of monday.com in a research report on Monday, August 10th. Wells Fargo & Company decreased their price objective on shares of monday.com from $130.00 to $120.00 and set an “overweight” rating for the company in a report on Tuesday, August 11th. Cantor Fitzgerald downgraded shares of monday.com from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $112.00 to $90.00 in a report on Monday, August 10th. Finally, Citigroup lowered their price objective on shares of monday.com from $154.00 to $132.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MNDY. EverSource Wealth Advisors LLC raised its holdings in shares of monday.com by 498.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 425 shares of the company’s stock worth $29,000 after purchasing an additional 354 shares during the period. DGS Capital Management LLC lifted its stake in monday.com by 37.0% in the fourth quarter. DGS Capital Management LLC now owns 1,922 shares of the company’s stock valued at $284,000 after purchasing an additional 519 shares during the last quarter. DUTCH ASSET Corp bought a new position in monday.com during the fourth quarter valued at $324,000. Avory & Company LLC bought a new position in monday.com during the fourth quarter valued at $337,000. Finally, Evanson Financial LLC bought a new position in monday.com during the second quarter valued at $219,000. 73.70% of the stock is owned by institutional investors.

monday.com Trading Up 7.8%

Shares of monday.com stock opened at $94.30 on Tuesday. The business’s fifty day simple moving average is $88.62 and its 200 day simple moving average is $80.33. The firm has a market capitalization of $4.82 billion, a P/E ratio of 40.13, a price-to-earnings-growth ratio of 1.97 and a beta of 1.14. monday.com has a 12 month low of $57.50 and a 12 month high of $210.49.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, August 10th. The company reported $1.48 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $364.62 million during the quarter, compared to the consensus estimate of $355.55 million. During the same quarter in the prior year, the company earned $1.09 EPS. The business’s revenue for the quarter was up 21.9% on a year-over-year basis. Analysts predict that monday.com will post 2.34 EPS for the current fiscal year.

monday.com Company Profile

monday.com Ltd. develops cloud-based software designed to help organizations plan, manage and track work. Its platform provides customizable workflows, visual boards, dashboards, automations and collaboration tools that teams can use to coordinate projects, processes and day-to-day operations.

The company offers a portfolio of products built on its Work Operating System, including monday work management for project and task coordination, monday CRM for sales and customer-management activities, monday dev for software-development teams and monday service for service-management workflows.