monday.com Ltd. (NASDAQ:MNDY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of monday.com Ltd. (NASDAQ:MNDY) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-four brokerages that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and twenty have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $358.32.

Several analysts have recently commented on the company. The Goldman Sachs Group increased their price objective on monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Robert W. Baird increased their price target on monday.com from $275.00 to $335.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. lifted their price objective on shares of monday.com from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Jefferies Financial Group upped their target price on shares of monday.com from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, Loop Capital dropped their price target on shares of monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Polar Asset Management Partners Inc. bought a new stake in monday.com during the 4th quarter valued at $9,629,000. Mackenzie Financial Corp raised its stake in shares of monday.com by 18.2% during the 4th quarter. Mackenzie Financial Corp now owns 2,430 shares of the company’s stock valued at $572,000 after purchasing an additional 374 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in monday.com by 12.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 117,436 shares of the company’s stock worth $27,649,000 after purchasing an additional 12,999 shares in the last quarter. USS Investment Management Ltd bought a new position in monday.com in the 4th quarter worth about $1,736,000. Finally, Woodline Partners LP purchased a new position in monday.com during the 4th quarter valued at about $255,000. 73.70% of the stock is owned by institutional investors.

monday.com Trading Up 2.9 %

Shares of MNDY stock opened at $306.04 on Thursday. The firm has a fifty day simple moving average of $258.98 and a two-hundred day simple moving average of $269.54. monday.com has a 12 month low of $174.75 and a 12 month high of $342.64. The firm has a market capitalization of $14.77 billion, a PE ratio of 510.07, a price-to-earnings-growth ratio of 16.53 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. On average, equities analysts predict that monday.com will post 0.46 earnings per share for the current fiscal year.

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.