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

Shares of monday.com Ltd. (NASDAQ:MNDY) have earned an average recommendation of “Moderate Buy” from the twenty-four ratings firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and twenty have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $353.32.

Several equities research analysts recently weighed in on MNDY shares. Citigroup raised monday.com from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $302.00 to $298.00 in a research note on Thursday, January 16th. Piper Sandler upped their target price on shares of monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Robert W. Baird lifted their price target on shares of monday.com from $275.00 to $335.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. The Goldman Sachs Group boosted their price objective on shares of monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, Barclays raised their target price on shares of monday.com from $325.00 to $360.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th.

monday.com Trading Down 4.3 %

NASDAQ:MNDY opened at $308.27 on Thursday. The company has a 50-day moving average price of $255.03 and a 200-day moving average price of $266.39. The stock has a market cap of $14.88 billion, a price-to-earnings ratio of 513.78, a P/E/G ratio of 17.09 and a beta of 1.31. monday.com has a 12 month low of $174.75 and a 12 month high of $342.64.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. Equities analysts forecast that monday.com will post 0.46 EPS for the current fiscal year.

Hedge Funds Weigh In On monday.com

Several large investors have recently added to or reduced their stakes in MNDY. Stonebridge Financial Group LLC bought a new stake in shares of monday.com during the 4th quarter valued at $25,000. Arcadia Investment Management Corp MI purchased a new stake in monday.com in the 4th quarter worth $28,000. R Squared Ltd bought a new stake in monday.com during the fourth quarter valued at about $33,000. Signaturefd LLC lifted its position in shares of monday.com by 157.1% in the fourth quarter. Signaturefd LLC now owns 144 shares of the company’s stock valued at $34,000 after acquiring an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its position in shares of monday.com by 64.8% in the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock valued at $35,000 after acquiring an additional 59 shares in the last quarter. Hedge funds and other 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.