monday.com Ltd. (NASDAQ:MNDY) Receives Average Recommendation of "Buy" from Analysts

Key Points

• monday.com Ltd. (NASDAQ:MNDY) has received an average analyst rating of "Buy" from 25 firms, with 23 buy ratings, one hold, and one strong buy.
• The average target price for monday.com shares among analysts is $305.18, with recent price targets ranging from $240.00 to $350.00 given by various brokerages.
• monday.com reported $1.09 earnings per share for the last quarter, exceeding estimates, with a significant 26.6% year-over-year revenue growth to $299.01 million.

Shares of monday.com Ltd. (NASDAQ:MNDY - Get Free Report) have earned a consensus rating of "Buy" from the twenty-five research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $305.1818.

Several brokerages recently commented on MNDY. JPMorgan Chase & Co. dropped their price target on monday.com from $400.00 to $350.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Oppenheimer restated an "outperform" rating and issued a $300.00 target price on shares of monday.com in a report on Monday. Needham & Company LLC dropped their target price on monday.com from $400.00 to $250.00 and set a "buy" rating for the company in a report on Monday. KeyCorp restated an "overweight" rating and issued a $330.00 target price on shares of monday.com in a report on Monday. Finally, Robert W. Baird dropped their target price on monday.com from $310.00 to $240.00 and set an "outperform" rating for the company in a report on Tuesday.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of monday.com by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 69,888 shares of the company's stock valued at $16,454,000 after purchasing an additional 1,426 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of monday.com by 43.4% in the 4th quarter. Cerity Partners LLC now owns 1,798 shares of the company's stock valued at $466,000 after buying an additional 544 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of monday.com in the fourth quarter valued at approximately $27,010,000. Townsquare Capital LLC purchased a new stake in shares of monday.com in the fourth quarter valued at approximately $478,000. Finally, ShawSpring Partners LLC boosted its stake in shares of monday.com by 8.0% in the fourth quarter. ShawSpring Partners LLC now owns 378,712 shares of the company's stock valued at $89,164,000 after buying an additional 28,182 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.

monday.com Price Performance

Shares of MNDY stock opened at $178.51 on Thursday. The company has a market cap of $9.06 billion, a price-to-earnings ratio of 241.23, a PEG ratio of 62.29 and a beta of 1.27. The stock has a 50 day simple moving average of $281.87 and a 200-day simple moving average of $275.46. monday.com has a 1-year low of $171.54 and a 1-year high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.25. The business had revenue of $299.01 million during 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 business's quarterly revenue was up 26.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.94 EPS. Analysts anticipate that monday.com will post 0.46 earnings per share for the current fiscal 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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