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

Shares of monday.com Ltd. (NASDAQ:MNDY) have earned a consensus recommendation of “Moderate Buy” from the twenty-four research firms that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, eighteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $310.68.

MNDY has been the subject of several research analyst reports. Robert W. Baird upped their target price on monday.com from $270.00 to $275.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Citigroup raised shares of monday.com from a “neutral” rating to a “buy” rating and dropped their price target for the company from $302.00 to $298.00 in a research note on Thursday, January 16th. KeyCorp downgraded shares of monday.com from an “overweight” rating to a “sector weight” rating in a research report on Friday, December 13th. Oppenheimer upped their target price on monday.com from $275.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Finally, William Blair reaffirmed an “outperform” rating on shares of monday.com in a research note on Wednesday, December 18th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Jennison Associates LLC grew its holdings in shares of monday.com by 13.7% during the 4th quarter. Jennison Associates LLC now owns 830,811 shares of the company’s stock valued at $195,606,000 after purchasing an additional 100,333 shares during the last quarter. Spire Wealth Management bought a new position in shares of monday.com during the fourth quarter valued at about $125,000. China Universal Asset Management Co. Ltd. increased its holdings in shares of monday.com by 180.0% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 16,800 shares of the company’s stock worth $3,955,000 after buying an additional 10,800 shares during the period. Mediolanum International Funds Ltd bought a new stake in shares of monday.com in the 4th quarter valued at about $905,000. Finally, Hantz Financial Services Inc. purchased a new stake in monday.com during the 4th quarter valued at about $713,000. 73.70% of the stock is owned by hedge funds and other institutional investors.

monday.com Price Performance

monday.com stock opened at $248.13 on Friday. The company’s 50 day simple moving average is $254.09 and its 200 day simple moving average is $259.69. The firm has a market capitalization of $11.98 billion, a price-to-earnings ratio of 605.20, a PEG ratio of 6.29 and a beta of 1.30. monday.com has a fifty-two week low of $174.75 and a fifty-two week high of $324.99.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data 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 return on equity of 4.99% and a net margin of 2.39%. The company had revenue of $251.00 million during the quarter, compared to analysts’ expectations of $246.17 million. During the same quarter last year, the company earned $0.15 EPS. monday.com’s revenue for the quarter was up 49.5% compared to the same quarter last year. As a group, analysts predict that monday.com will post 0.85 EPS 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.