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

Shares of monday.com Ltd. (NASDAQ:MNDY) have received an average recommendation of “Moderate Buy” from the twenty-three ratings firms that are presently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $309.14.

A number of equities analysts have issued reports on the stock. Citigroup cut their target price on shares of monday.com from $338.00 to $302.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Capital One Financial began coverage on monday.com in a report on Thursday, October 10th. They issued an “overweight” rating and a $325.00 price target on the stock. Canaccord Genuity Group upped their price objective on monday.com from $295.00 to $310.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Loop Capital reduced their price target on shares of monday.com from $310.00 to $300.00 and set a “buy” rating for the company in a report on Monday, December 23rd. Finally, Needham & Company LLC increased their price objective on shares of monday.com from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th.

monday.com Trading Up 0.1 %

Shares of MNDY opened at $235.44 on Wednesday. monday.com has a 52 week low of $170.00 and a 52 week high of $324.99. The firm has a market cap of $11.37 billion, a price-to-earnings ratio of 574.24, a PEG ratio of 7.61 and a beta of 1.25. The stock has a 50 day moving average of $275.84 and a 200-day moving average of $259.58.

monday.com (NASDAQ:MNDY) last released its earnings results on Monday, November 11th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.24. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The firm had revenue of $251.00 million during the quarter, compared to analyst estimates of $246.17 million. During the same quarter in the previous year, the firm earned $0.15 earnings per share. The firm’s revenue for the quarter was up 49.5% compared to the same quarter last year. On average, sell-side analysts predict that monday.com will post 0.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of monday.com during the third quarter worth $43,000. Toronto Dominion Bank acquired a new stake in monday.com during the 2nd quarter worth about $120,000. Vestcor Inc lifted its stake in monday.com by 31.4% during the third quarter. Vestcor Inc now owns 519 shares of the company’s stock valued at $144,000 after buying an additional 124 shares in the last quarter. Larson Financial Group LLC lifted its stake in monday.com by 645.7% during the third quarter. Larson Financial Group LLC now owns 604 shares of the company’s stock valued at $168,000 after buying an additional 523 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. boosted its holdings in shares of monday.com by 18.2% in the third quarter. Northwest & Ethical Investments L.P. now owns 650 shares of the company’s stock worth $181,000 after buying an additional 100 shares during the period. Institutional investors own 73.70% of the company’s stock.

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.