monday.com Ltd. (NASDAQ:MNDY) Given Average Rating of "Moderate Buy" by 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 been assigned an average rating of "Moderate Buy" from the twenty-six analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, twenty-two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $303.5909.

A number of equities research analysts recently weighed in on MNDY shares. Jefferies Financial Group lowered their price target on monday.com from $360.00 to $330.00 and set a "buy" rating on the stock in a report on Monday, August 11th. Wall Street Zen cut monday.com from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Piper Sandler lowered their price target on monday.com from $325.00 to $300.00 and set an "overweight" rating on the stock in a report on Tuesday, August 12th. Needham & Company LLC restated a "buy" rating and issued a $250.00 price target on shares of monday.com in a report on Monday, August 18th. Finally, Barclays reduced their target price on monday.com from $345.00 to $258.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th.

Institutional Investors Weigh In On monday.com

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in monday.com by 102.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company's stock valued at $408,999,000 after buying an additional 851,231 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in shares of monday.com by 8.7% during the 1st quarter. Public Sector Pension Investment Board now owns 18,661 shares of the company's stock worth $4,538,000 after purchasing an additional 1,500 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of monday.com by 34.5% during the 1st quarter. Neuberger Berman Group LLC now owns 408,960 shares of the company's stock worth $99,443,000 after purchasing an additional 104,968 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of monday.com by 45.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company's stock worth $583,969,000 after purchasing an additional 745,686 shares during the period. Finally, Nuveen LLC purchased a new position in shares of monday.com during the 1st quarter worth $23,078,000. Hedge funds and other institutional investors own 73.70% of the company's stock.

monday.com Price Performance

Shares of MNDY stock traded up $0.15 during midday trading on Monday, reaching $191.95. 946,465 shares of the company traded hands, compared to its average volume of 1,181,745. The firm's 50 day simple moving average is $231.32 and its two-hundred day simple moving average is $259.79. The firm has a market cap of $9.75 billion, a PE ratio of 259.40, a price-to-earnings-growth ratio of 11.53 and a beta of 1.25. monday.com has a 1-year low of $166.22 and a 1-year high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The company reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.25. The business had revenue of $299.01 million for the quarter, compared to analysts' expectations of $293.60 million. monday.com had a return on equity of 6.32% and a net margin of 3.63%.The company's revenue was up 26.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.94 EPS. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts anticipate that monday.com will post 0.46 earnings per share 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.