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

monday.com Ltd. (NASDAQ:MNDY - Get Free Report) has earned an average recommendation of "Moderate Buy" from the twenty-four ratings firms that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and twenty have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $349.23.

Several brokerages have commented on MNDY. Scotiabank increased their price target on monday.com from $315.00 to $330.00 and gave the company a "sector outperform" rating in a report on Friday, May 2nd. Needham & Company LLC reiterated a "buy" rating and issued a $400.00 price objective on shares of monday.com in a research note on Tuesday, May 13th. Jefferies Financial Group reduced their price objective on monday.com from $400.00 to $360.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Piper Sandler reaffirmed an "overweight" rating and set a $325.00 price objective on shares of monday.com in a research report on Friday, June 27th. Finally, DA Davidson decreased their target price on monday.com from $350.00 to $290.00 and set a "buy" rating on the stock in a research report on Monday, April 14th.

Institutional Investors Weigh In On monday.com

Several institutional investors and hedge funds have recently bought and sold shares of MNDY. China Universal Asset Management Co. Ltd. boosted its position in monday.com by 5.4% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 17,700 shares of the company's stock worth $4,304,000 after buying an additional 900 shares during the period. Asset Management One Co. Ltd. grew its holdings in monday.com by 109.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 27,231 shares of the company's stock worth $6,647,000 after acquiring an additional 14,213 shares during the period. Bank of Montreal Can grew its stake in monday.com by 62.0% during the fourth quarter. Bank of Montreal Can now owns 22,097 shares of the company's stock worth $5,203,000 after purchasing an additional 8,454 shares during the period. Vontobel Holding Ltd. acquired a new stake in shares of monday.com during the 1st quarter worth approximately $221,000. Finally, Rubicon Global Capital Ltd acquired a new stake in monday.com in the first quarter worth $137,434,000. Institutional investors own 73.70% of the company's stock.

monday.com Stock Performance

NASDAQ MNDY opened at $291.80 on Friday. The firm has a market capitalization of $14.81 billion, a PE ratio of 297.76, a price-to-earnings-growth ratio of 105.58 and a beta of 1.30. monday.com has a one year low of $188.01 and a one year high of $342.64. The company has a 50-day simple moving average of $296.33 and a 200-day simple moving average of $273.30.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.40. The company had revenue of $282.25 million during the quarter, compared to analyst estimates of $275.93 million. monday.com had a net margin of 5.08% and a return on equity of 7.87%. The business's revenue for the quarter was up 30.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 EPS. Equities analysts forecast that monday.com will post 0.46 earnings per share for the current year.

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.

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