monday.com Ltd. (NASDAQ:MNDY) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of monday.com Ltd. (NASDAQ:MNDY) have been given a consensus recommendation of “Moderate Buy” by the twenty-seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, twenty-two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $257.3913.

Several research analysts have weighed in on the stock. Jefferies Financial Group decreased their price target on shares of monday.com from $300.00 to $260.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. Robert W. Baird reduced their price objective on monday.com from $240.00 to $210.00 and set an “outperform” rating for the company in a research note on Tuesday, November 11th. BTIG Research reiterated a “buy” rating and set a $210.00 target price on shares of monday.com in a research report on Thursday. Morgan Stanley cut their price target on monday.com from $260.00 to $236.00 and set an “overweight” rating for the company in a report on Tuesday, November 11th. Finally, Citigroup reduced their price target on monday.com from $319.00 to $293.00 and set a “buy” rating for the company in a research report on Tuesday, December 23rd.

monday.com Stock Performance

Shares of NASDAQ:MNDY opened at $132.81 on Friday. The stock’s 50-day simple moving average is $150.42 and its two-hundred day simple moving average is $195.71. The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of 107.98, a PEG ratio of 3.00 and a beta of 1.26. monday.com has a 52-week low of $129.99 and a 52-week high of $342.64.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, November 10th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.27. The firm had revenue of $316.86 million for the quarter, compared to analysts’ expectations of $312.26 million. monday.com had a net margin of 5.58% and a return on equity of 5.99%. The business’s quarterly revenue was up 26.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 EPS. As a group, equities analysts forecast that monday.com will post 0.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On monday.com

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Spire Wealth Management grew its position in shares of monday.com by 7.5% during the second quarter. Spire Wealth Management now owns 615 shares of the company’s stock valued at $193,000 after purchasing an additional 43 shares in the last quarter. CWM LLC boosted its stake in monday.com by 31.3% during the second quarter. CWM LLC now owns 210 shares of the company’s stock valued at $66,000 after buying an additional 50 shares during the last quarter. Dakota Wealth Management grew its holdings in monday.com by 3.0% during the 2nd quarter. Dakota Wealth Management now owns 1,793 shares of the company’s stock valued at $564,000 after buying an additional 52 shares in the last quarter. Chicago Capital LLC grew its holdings in monday.com by 3.6% during the 2nd quarter. Chicago Capital LLC now owns 1,580 shares of the company’s stock valued at $497,000 after buying an additional 55 shares in the last quarter. Finally, RFG Advisory LLC increased its stake in monday.com by 2.9% in the 2nd quarter. RFG Advisory LLC now owns 1,958 shares of the company’s stock worth $616,000 after acquiring an additional 55 shares during the last quarter. Institutional investors own 73.70% of the company’s stock.

About monday.com

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.