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

Shares of monday.com Ltd. (NASDAQ:MNDY) have earned an average recommendation of “Moderate Buy” from the twenty-two analysts that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and seventeen have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $297.60.

MNDY has been the subject of a number of research reports. Bank of America upped their price objective on shares of monday.com from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Loop Capital upped their price target on shares of monday.com from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. William Blair reissued an “outperform” rating on shares of monday.com in a report on Monday, June 24th. Tigress Financial upped their target price on monday.com from $280.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, The Goldman Sachs Group lifted their price target on monday.com from $300.00 to $340.00 and gave the company a “buy” rating in a report on Tuesday, August 13th.

monday.com Stock Performance

Shares of MNDY stock opened at $285.86 on Friday. The stock has a 50 day moving average price of $266.47 and a 200 day moving average price of $234.40. monday.com has a 52-week low of $122.13 and a 52-week high of $293.88. The firm has a market capitalization of $13.80 billion, a P/E ratio of 752.26, a P/E/G ratio of 13.68 and a beta of 1.32.

monday.com (NASDAQ:MNDY) last posted its quarterly 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 company had revenue of $236.11 million for the quarter, compared to the consensus estimate of $227.96 million. As a group, sell-side analysts forecast that monday.com will post 0.49 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Ridgewood Investments LLC purchased a new position in monday.com in the second quarter valued at $45,000. Gilliland Jeter Wealth Management LLC increased its stake in shares of monday.com by 72.9% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock valued at $58,000 after purchasing an additional 102 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in monday.com in the 2nd quarter worth about $69,000. PNC Financial Services Group Inc. boosted its position in monday.com by 373.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 393 shares of the company’s stock worth $74,000 after purchasing an additional 310 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. grew its holdings in monday.com by 741.7% in the first 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. 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.