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

Shares of monday.com Ltd. (NASDAQ:MNDY) have earned an average rating of “Moderate Buy” from the twenty-two research firms that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $306.60.

Several research firms recently issued reports on MNDY. The Goldman Sachs Group upped 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. Piper Sandler increased their target price on monday.com from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday. Bank of America increased their target price on monday.com from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Loop Capital increased their target price on monday.com from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Finally, DA Davidson increased their target price on monday.com from $250.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV lifted its stake in monday.com by 4.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,124 shares of the company’s stock worth $271,000 after acquiring an additional 47 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in monday.com by 4.0% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 1,303 shares of the company’s stock valued at $314,000 after buying an additional 50 shares during the last quarter. Avior Wealth Management LLC grew its holdings in monday.com by 2.6% in the 3rd quarter. Avior Wealth Management LLC now owns 2,611 shares of the company’s stock valued at $725,000 after buying an additional 67 shares during the last quarter. FDx Advisors Inc. grew its holdings in monday.com by 4.7% in the 2nd quarter. FDx Advisors Inc. now owns 2,000 shares of the company’s stock valued at $482,000 after buying an additional 90 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of monday.com by 4.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,065 shares of the company’s stock worth $497,000 after acquiring an additional 91 shares during the period. Institutional investors own 73.70% of the company’s stock.

monday.com Stock Down 15.1 %

Shares of MNDY opened at $275.21 on Tuesday. The business’s 50 day moving average is $279.07 and its two-hundred day moving average is $246.86. monday.com has a 52-week low of $150.10 and a 52-week high of $324.99. The firm has a market cap of $13.29 billion, a price-to-earnings ratio of 344.01, a PEG ratio of 15.22 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, August 12th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.23. The company had revenue of $236.11 million for the quarter, compared to analyst estimates of $227.96 million. monday.com had a return on equity of 4.74% and a net margin of 4.88%. On average, equities analysts expect that monday.com will post 0.5 earnings per share for the current fiscal year.

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.