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

Shares of monday.com Ltd. (NASDAQ:MNDY) have been assigned an average recommendation of “Moderate Buy” from the twenty-four research firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and twenty-one have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $354.45.

A number of equities analysts have recently issued reports on the company. Canaccord Genuity Group increased their price target on monday.com from $310.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Loop Capital dropped their price target on monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Barclays upped their price objective on monday.com from $325.00 to $360.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Cantor Fitzgerald upped their price objective on monday.com from $292.00 to $380.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company upped their price objective on monday.com from $340.00 to $380.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th.

monday.com Trading Up 0.3 %

MNDY opened at $265.45 on Monday. monday.com has a 12-month low of $174.75 and a 12-month high of $342.64. The business’s fifty day simple moving average is $269.57 and its 200-day simple moving average is $269.50. The company has a market capitalization of $12.82 billion, a price-to-earnings ratio of 442.42, a PEG ratio of 16.53 and a beta of 1.27.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 research analysts predict that monday.com will post 0.46 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Stonebridge Financial Group LLC acquired a new position in shares of monday.com in the fourth quarter valued at about $25,000. Arcadia Investment Management Corp MI acquired a new stake in monday.com during the fourth quarter worth about $28,000. R Squared Ltd acquired a new stake in monday.com during the fourth quarter worth about $33,000. Signaturefd LLC grew its holdings in monday.com by 157.1% during the fourth quarter. Signaturefd LLC now owns 144 shares of the company’s stock worth $34,000 after acquiring an additional 88 shares during the period. Finally, Global Retirement Partners LLC grew its holdings in monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock worth $35,000 after acquiring an additional 59 shares during the period. 73.70% of the stock is owned by institutional investors and hedge funds.

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.