monday.com Ltd. (NASDAQ:MNDY) Stock Has Average Price Target of $111.70

Key Points

• Analyst consensus is “Moderate Buy,” with 12 buy ratings, one strong-buy, 11 holds and one sell among 25 analysts. The average 12-month price target is $111.70.
• monday.com exceeded quarterly expectations, reporting $1.48 EPS versus the $1.11 consensus and $364.62 million in revenue, up 21.9% year over year.
• Institutional investors and hedge funds own 73.70% of the company. Shares recently opened at $84.76, compared with a 52-week range of $57.50 to $210.49.

monday.com Ltd. (NASDAQ:MNDY - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twenty-five ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation, twelve have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $111.70.

A number of equities research analysts recently issued reports on the stock. UBS Group lifted their price target on shares of monday.com from $85.00 to $95.00 and gave the company a "neutral" rating in a research note on Tuesday, August 11th. BTIG Research restated a "buy" rating and set a $105.00 price objective on shares of monday.com in a research report on Monday, August 10th. TD Cowen reaffirmed a "buy" rating and set a $110.00 price objective on shares of monday.com in a report on Tuesday, August 11th. Piper Sandler reaffirmed a "neutral" rating and set a $90.00 price objective on shares of monday.com in a report on Monday, August 10th. Finally, Cantor Fitzgerald lowered shares of monday.com from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $112.00 to $90.00 in a research report on Monday, August 10th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its holdings in monday.com by 498.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 425 shares of the company's stock worth $29,000 after buying an additional 354 shares during the last quarter. DGS Capital Management LLC increased its stake in monday.com by 37.0% during the 4th quarter. DGS Capital Management LLC now owns 1,922 shares of the company's stock worth $284,000 after buying an additional 519 shares in the last quarter. DUTCH ASSET Corp purchased a new stake in monday.com during the 4th quarter worth approximately $324,000. Avory & Company LLC purchased a new stake in monday.com during the 4th quarter worth approximately $337,000. Finally, Evanson Financial LLC acquired a new position in shares of monday.com during the second quarter valued at approximately $219,000. Institutional investors and hedge funds own 73.70% of the company's stock.

monday.com Stock Performance

Shares of NASDAQ MNDY opened at $84.76 on Tuesday. The company's fifty day moving average price is $88.74 and its 200 day moving average price is $79.90. monday.com has a 1 year low of $57.50 and a 1 year high of $210.49. The company has a market capitalization of $4.34 billion, a PE ratio of 36.07, a price-to-earnings-growth ratio of 2.01 and a beta of 1.14.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.11 by $0.37. monday.com had a net margin of 8.87% and a return on equity of 9.09%. The company had revenue of $364.62 million for the quarter, compared to analyst estimates of $355.55 million. During the same quarter last year, the business earned $1.09 earnings per share. The firm's revenue was up 21.9% on a year-over-year basis. On average, equities analysts expect that monday.com will post 2.34 EPS for the current year.

About monday.com

monday.com Ltd. develops cloud-based software designed to help organizations plan, manage and track work. Its platform provides customizable workflows, visual boards, dashboards, automations and collaboration tools that teams can use to coordinate projects, processes and day-to-day operations.

The company offers a portfolio of products built on its Work Operating System, including monday work management for project and task coordination, monday CRM for sales and customer-management activities, monday dev for software-development teams and monday service for service-management workflows.

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