monday.com Ltd. (NASDAQ:MNDY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

monday.com Ltd. (NASDAQ:MNDY) has been assigned an average recommendation of “Moderate Buy” from the twenty-one ratings firms that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $285.79.

MNDY has been the subject of several research reports. Tigress Financial boosted their price objective on shares of monday.com from $280.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. The Goldman Sachs Group boosted their price target on monday.com from $300.00 to $340.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. KeyCorp cut their price objective on monday.com from $280.00 to $270.00 and set an “overweight” rating on the stock in a report on Tuesday, July 2nd. UBS Group boosted their target price on monday.com from $240.00 to $280.00 and gave the stock a “neutral” rating in a report on Tuesday, August 13th. Finally, DA Davidson raised their price target on shares of monday.com from $230.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, August 13th.

Institutional Investors Weigh In On monday.com

A number of institutional investors have recently modified their holdings of the business. Ridgewood Investments LLC bought a new position in monday.com during the 2nd quarter worth $45,000. Gilliland Jeter Wealth Management LLC grew its position in shares of monday.com by 72.9% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock worth $58,000 after acquiring an additional 102 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of monday.com in the 2nd quarter worth about $69,000. PNC Financial Services Group Inc. lifted its position in monday.com by 373.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 393 shares of the company’s stock valued at $74,000 after purchasing an additional 310 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. boosted its stake in monday.com by 741.7% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company’s stock valued at $91,000 after purchasing an additional 356 shares during the period. Institutional investors own 73.70% of the company’s stock.

monday.com Stock Up 2.1 %

MNDY opened at $280.17 on Monday. The firm has a market cap of $13.53 billion, a P/E ratio of 737.29, a PEG ratio of 12.23 and a beta of 1.32. The business’s fifty day simple moving average is $245.95 and its 200 day simple moving average is $227.15. monday.com has a 52 week low of $122.13 and a 52 week high of $281.26.

monday.com (NASDAQ:MNDY) last released its earnings results on Monday, August 12th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.01 by $0.23. monday.com had a net margin of 4.88% and a return on equity of 4.74%. The firm had revenue of $236.11 million during the quarter, compared to analysts’ expectations of $227.96 million. As a group, equities analysts expect that monday.com will post 0.49 EPS for the current fiscal 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.