monday.com Ltd. (NASDAQ:MNDY) Receives $353.32 Consensus Target Price from Brokerages

Shares of monday.com Ltd. (NASDAQ:MNDY) have been given a consensus recommendation of “Moderate Buy” by the twenty-four research firms that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and twenty have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $358.32.

Several research analysts have recently issued reports on the company. Jefferies Financial Group raised their price objective on monday.com from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Robert W. Baird raised their price objective on monday.com from $275.00 to $335.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Tigress Financial raised their price objective on monday.com from $340.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday. Loop Capital reduced their price objective on monday.com from $310.00 to $300.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. Finally, Piper Sandler raised their price objective on monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th.

monday.com Stock Performance

Shares of NASDAQ MNDY opened at $298.10 on Thursday. The company has a market cap of $14.39 billion, a PE ratio of 496.83, a P/E/G ratio of 16.53 and a beta of 1.31. The business has a 50-day simple moving average of $256.59 and a two-hundred day simple moving average of $268.78. monday.com has a fifty-two week low of $174.75 and a fifty-two week high of $342.64.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate 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, sell-side analysts predict that monday.com will post 0.46 earnings per share for the current fiscal year.

Institutional Trading of monday.com

Institutional investors and hedge funds have recently made changes to their positions in the business. Stonebridge Financial Group LLC acquired a new stake in shares of monday.com in the fourth quarter worth approximately $25,000. Arcadia Investment Management Corp MI acquired a new stake in shares of monday.com in the fourth quarter worth approximately $28,000. R Squared Ltd acquired a new stake in shares of monday.com in the fourth quarter worth approximately $33,000. Signaturefd LLC boosted its stake in shares of monday.com by 157.1% in 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 last quarter. Finally, Global Retirement Partners LLC boosted its stake in shares of monday.com by 64.8% in 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 last quarter. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

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.