monday.com Ltd. (NASDAQ:MNDY) Receives $126.48 Consensus PT from Analysts

Shares of monday.com Ltd. (NASDAQ:MNDY) have received a consensus rating of “Moderate Buy” from the twenty-five research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $126.4783.

Several research analysts have recently weighed in on MNDY shares. Jefferies Financial Group reissued a “hold” rating on shares of monday.com in a research report on Tuesday, May 12th. BTIG Research decreased their price objective on shares of monday.com from $135.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Tigress Financial reduced their target price on monday.com to $165.00 and set a “buy” rating for the company in a report on Friday, May 22nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of monday.com in a research report on Thursday, June 11th. Finally, Canaccord Genuity Group lowered their price target on monday.com from $140.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th.

monday.com Stock Up 1.9%

Shares of NASDAQ MNDY opened at $84.10 on Friday. monday.com has a 12 month low of $57.50 and a 12 month high of $314.99. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 36.57, a P/E/G ratio of 4.13 and a beta of 1.26. The business has a fifty day simple moving average of $76.58 and a 200-day simple moving average of $89.28.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Friday, March 13th. The company reported $1.15 earnings per share for the quarter. The firm had revenue of $351.26 million for the quarter. monday.com had a return on equity of 5.10% and a net margin of 9.17%. As a group, sell-side analysts expect that monday.com will post 1.59 EPS for the current fiscal year.

Hedge Funds Weigh In On monday.com

A number of hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC raised its holdings in shares of monday.com by 2,120.0% during the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after acquiring an additional 106 shares in the last quarter. Advisory Services Network LLC acquired a new position in monday.com in the 3rd quarter worth about $28,000. EverSource Wealth Advisors LLC increased its position in monday.com by 76.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock worth $47,000 after purchasing an additional 65 shares during the last quarter. Quarry LP purchased a new stake in shares of monday.com during the 4th quarter worth about $29,000. Finally, Abound Wealth Management acquired a new stake in shares of monday.com during the 4th quarter valued at about $30,000. 73.70% of the stock is owned by institutional investors and hedge funds.

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.