monday.com Ltd. (NASDAQ:MNDY) Receives $310.68 Average Target Price from Analysts

Shares of monday.com Ltd. (NASDAQ:MNDY) have been given a consensus recommendation of “Moderate Buy” by the twenty-four brokerages that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $310.68.

Several brokerages have issued reports on MNDY. Piper Sandler dropped their price target on monday.com from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Jefferies Financial Group lowered their target price on monday.com from $350.00 to $300.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. DA Davidson reissued a “neutral” rating and set a $300.00 target price on shares of monday.com in a report on Tuesday, November 12th. Loop Capital lowered their price target on shares of monday.com from $310.00 to $300.00 and set a “buy” rating for the company in a report on Monday, December 23rd. Finally, Scotiabank decreased their price target on monday.com from $325.00 to $300.00 and set a “sector outperform” rating for the company in a research note on Thursday, January 16th.

Institutional Trading of monday.com

Institutional investors have recently made changes to their positions in the company. FMR LLC increased its position in shares of monday.com by 112.0% during the third quarter. FMR LLC now owns 1,512,094 shares of the company’s stock valued at $420,014,000 after acquiring an additional 798,791 shares during the last quarter. SG Americas Securities LLC boosted its holdings in monday.com by 1,024.7% in the fourth quarter. SG Americas Securities LLC now owns 476,392 shares of the company’s stock valued at $112,162,000 after purchasing an additional 434,035 shares in the last quarter. Jennison Associates LLC increased its position in shares of monday.com by 77.5% during the third quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock worth $202,905,000 after purchasing an additional 318,837 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in monday.com by 431.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 385,843 shares of the company’s stock worth $107,176,000 after purchasing an additional 313,279 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in monday.com in the 2nd quarter valued at about $28,747,000. 73.70% of the stock is owned by institutional investors and hedge funds.

monday.com Trading Up 5.6 %

Shares of MNDY stock opened at $255.46 on Friday. The company has a market capitalization of $12.33 billion, a price-to-earnings ratio of 623.07, a P/E/G ratio of 6.20 and a beta of 1.30. The stock’s fifty day simple moving average is $252.58 and its 200-day simple moving average is $260.30. monday.com has a 1-year low of $174.75 and a 1-year high of $324.99.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Monday, November 11th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.61 by $0.24. The company had revenue of $251.00 million for the quarter, compared to the consensus estimate of $246.17 million. monday.com had a return on equity of 4.99% and a net margin of 2.39%. The company’s revenue for the quarter was up 49.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.15 EPS. On average, sell-side analysts predict that monday.com will post 0.85 EPS for the current year.

About monday.com

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.