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

Shares of monday.com Ltd. (NASDAQ:MNDY) have been given an average rating of “Moderate Buy” by the twenty-four brokerages that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and twenty have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $358.32.

A number of brokerages have recently issued reports on MNDY. Needham & Company LLC raised their price target on shares of monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Robert W. Baird raised their price target on shares of monday.com from $275.00 to $335.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Piper Sandler raised their price target on shares of monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Cantor Fitzgerald raised their price target on shares of monday.com from $292.00 to $380.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, Scotiabank raised their price target on shares of monday.com from $300.00 to $400.00 and gave the stock a “sector outperform” rating in a report on Tuesday, February 11th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MNDY. Stonebridge Financial Group LLC acquired a new position in monday.com in the fourth quarter valued at $25,000. Arcadia Investment Management Corp MI acquired a new position in shares of monday.com during the fourth quarter worth about $28,000. R Squared Ltd acquired a new position in shares of monday.com during the fourth quarter worth about $33,000. Signaturefd LLC increased its stake in shares of 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 increased its stake in shares of 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 currently owned by institutional investors and hedge funds.

monday.com Trading Up 5.6 %

MNDY stock opened at $255.87 on Monday. The company has a market cap of $12.35 billion, a price-to-earnings ratio of 426.45, a PEG ratio of 16.53 and a beta of 1.27. monday.com has a 12 month low of $174.75 and a 12 month high of $342.64. The firm has a 50-day moving average of $265.97 and a two-hundred day moving average of $269.63.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. As a group, equities analysts forecast that monday.com will post 0.46 earnings per share for the current 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.