Brokerages Set monday.com Ltd. (NASDAQ:MNDY) Price Target at $132.78

Shares of monday.com Ltd. (NASDAQ:MNDY) have been assigned a consensus rating of “Moderate Buy” from the twenty-five research firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $132.7826.

Several brokerages have recently commented on MNDY. Canaccord Genuity Group lowered their price objective on monday.com from $140.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Zacks Research downgraded monday.com from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Needham & Company LLC lowered their price objective on monday.com from $250.00 to $125.00 and set a “buy” rating on the stock in a research report on Monday, February 9th. DA Davidson set a $100.00 target price on monday.com in a research report on Tuesday, February 10th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of monday.com in a research report on Tuesday, May 12th.

Institutional Investors Weigh In On monday.com

A number of hedge funds have recently made changes to their positions in the company. WCM Investment Management LLC increased its stake in monday.com by 2.8% during the third quarter. WCM Investment Management LLC now owns 4,184,745 shares of the company’s stock worth $843,519,000 after acquiring an additional 115,353 shares during the last quarter. Ibex Investors LLC bought a new stake in monday.com during the third quarter worth approximately $34,864,000. Baillie Gifford & Co. increased its stake in monday.com by 136.5% during the third quarter. Baillie Gifford & Co. now owns 708,278 shares of the company’s stock worth $137,186,000 after acquiring an additional 408,848 shares during the last quarter. TenCore Partners LP increased its stake in monday.com by 42.2% during the third quarter. TenCore Partners LP now owns 141,390 shares of the company’s stock worth $27,386,000 after acquiring an additional 41,935 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in monday.com by 17.9% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 79,009 shares of the company’s stock worth $15,303,000 after acquiring an additional 12,000 shares during the last quarter. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

monday.com Stock Up 1.5%

Shares of monday.com stock opened at $79.15 on Friday. The stock’s 50-day simple moving average is $70.21 and its 200-day simple moving average is $108.94. monday.com has a 52 week low of $57.50 and a 52 week high of $316.98. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 34.41, a PEG ratio of 3.38 and a beta of 1.17.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Friday, March 13th. The company reported $1.15 EPS for the quarter. monday.com had a return on equity of 5.10% and a net margin of 9.17%.The business had revenue of $351.27 million for the quarter. On average, equities analysts expect that monday.com will post 1.83 earnings per share for the current year.

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.