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

Shares of monday.com Ltd. (NASDAQ:MNDY) have been given an average rating of “Moderate Buy” by the twenty-three research firms that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $310.81.

A number of research analysts have recently issued reports on MNDY shares. Barclays upped their price objective on shares of monday.com from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Wells Fargo & Company upped their price target on shares of monday.com from $315.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Needham & Company LLC lifted their price objective on monday.com from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Loop Capital lifted their target price on monday.com from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Finally, Citigroup increased their price target on monday.com from $296.00 to $327.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th.

monday.com Stock Up 0.6 %

Shares of MNDY stock opened at $278.03 on Friday. monday.com has a twelve month low of $170.00 and a twelve month high of $324.99. The stock’s fifty day simple moving average is $285.78 and its 200 day simple moving average is $257.74. The firm has a market capitalization of $13.42 billion, a P/E ratio of 678.12, a P/E/G ratio of 8.28 and a beta of 1.25.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.24. The business had revenue of $251.00 million during the quarter, compared to analyst estimates of $246.17 million. monday.com had a return on equity of 4.99% and a net margin of 2.39%. monday.com’s revenue for the quarter was up 49.5% compared to the same quarter last year. During the same period last year, the company earned $0.15 EPS. As a group, equities research analysts expect that monday.com will post 0.85 EPS for the current fiscal year.

Institutional Investors Weigh In On monday.com

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of monday.com during the third quarter worth about $43,000. Ridgewood Investments LLC bought a new position in shares of monday.com in the 2nd quarter worth $45,000. Gilliland Jeter Wealth Management LLC raised its position in shares of monday.com by 72.9% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock valued at $58,000 after buying an additional 102 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of monday.com during the 2nd quarter worth $69,000. Finally, Toronto Dominion Bank purchased a new position in monday.com in the second quarter worth $120,000. Hedge funds and other institutional investors own 73.70% of the company’s stock.

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.