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

Key Points

• monday.com Ltd. (NASDAQ:MNDY) has received a consensus recommendation of "Moderate Buy" from twenty-six brokerages, with an average target price of approximately $303.59.
• The company reported earnings of $1.09 per share for the last quarter, surpassing expectations and reflecting a 26.6% year-over-year revenue growth.
• Major institutional investors have significantly increased their stakes in monday.com, with some firms boosting their holdings by over 9,200% during the last quarter.

monday.com Ltd. (NASDAQ:MNDY - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the twenty-six ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, twenty-two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $303.5909.

Several brokerages recently issued reports on MNDY. Needham & Company LLC reissued a "buy" rating and set a $250.00 target price on shares of monday.com in a research note on Monday, August 18th. Robert W. Baird decreased their target price on monday.com from $310.00 to $240.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 12th. Oppenheimer assumed coverage on monday.com in a research note on Wednesday, August 27th. They set an "outperform" rating and a $300.00 target price on the stock. UBS Group reduced their price objective on monday.com from $310.00 to $215.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 12th. Finally, Cowen reaffirmed a "buy" rating on shares of monday.com in a research note on Tuesday, August 12th.

monday.com Trading Up 1.8%

Shares of MNDY opened at $185.73 on Monday. The business's 50 day moving average is $242.61 and its 200 day moving average is $263.00. The company has a market capitalization of $9.43 billion, a PE ratio of 250.99, a price-to-earnings-growth ratio of 11.16 and a beta of 1.25. monday.com has a 12-month low of $166.22 and a 12-month high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.25. The company had revenue of $299.01 million for the quarter, compared to the consensus estimate of $293.60 million. monday.com had a return on equity of 6.32% and a net margin of 3.63%.The firm's quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter last year, the company earned $0.94 EPS. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts predict that monday.com will post 0.46 earnings per share for the current year.

Institutional Trading of monday.com

A number of large investors have recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC increased its stake in monday.com by 345.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 6,928 shares of the company's stock worth $2,179,000 after acquiring an additional 5,373 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of monday.com by 9,247.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 177,315 shares of the company's stock worth $55,748,000 after purchasing an additional 175,418 shares during the period. Neuberger Berman Group LLC boosted its holdings in shares of monday.com by 10.2% in the 2nd quarter. Neuberger Berman Group LLC now owns 450,619 shares of the company's stock worth $141,683,000 after purchasing an additional 41,659 shares during the period. Promus Capital LLC purchased a new position in shares of monday.com in the 2nd quarter worth approximately $45,000. Finally, Ranger Investment Management L.P. boosted its holdings in shares of monday.com by 27.1% in the 2nd quarter. Ranger Investment Management L.P. now owns 58,075 shares of the company's stock worth $18,263,000 after purchasing an additional 12,385 shares during the period. Institutional investors own 73.70% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.