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

Shares of monday.com Ltd. (NASDAQ:MNDY - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twenty-four brokerages that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and twenty-one have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $346.50.

A number of research firms have commented on MNDY. Cantor Fitzgerald raised their price target on monday.com from $292.00 to $380.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Wells Fargo & Company raised their price target on monday.com from $310.00 to $335.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Canaccord Genuity Group decreased their price target on monday.com from $375.00 to $350.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Barclays decreased their price target on monday.com from $360.00 to $345.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Finally, Wall Street Zen raised monday.com from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd.

monday.com Trading Down 0.7%

Shares of MNDY traded down $2.20 during trading hours on Friday, reaching $305.19. 422,942 shares of the stock traded hands, compared to its average volume of 745,717. The company has a market cap of $15.50 billion, a P/E ratio of 508.65, a price-to-earnings-growth ratio of 16.53 and a beta of 1.32. The company's 50-day moving average price is $268.77 and its two-hundred day moving average price is $265.88. monday.com has a 52-week low of $188.01 and a 52-week high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.40. The business had revenue of $282.25 million for the quarter, compared to analysts' expectations of $275.93 million. monday.com had a return on equity of 6.22% and a net margin of 3.33%. The business's quarterly revenue was up 30.2% on a year-over-year basis. During the same period last year, the firm earned $0.61 earnings per share. On average, research analysts forecast that monday.com will post 0.46 EPS for the current year.

Institutional Trading of monday.com

A number of large investors have recently modified their holdings of MNDY. FMR LLC boosted its holdings in shares of monday.com by 78.7% in the fourth quarter. FMR LLC now owns 2,701,952 shares of the company's stock valued at $636,147,000 after purchasing an additional 1,189,858 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of monday.com by 102.5% in the first quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company's stock valued at $408,999,000 after purchasing an additional 851,231 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in monday.com by 45.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company's stock worth $583,969,000 after buying an additional 745,686 shares during the period. Rubicon Global Capital Ltd purchased a new stake in monday.com during the first quarter worth $137,434,000. Finally, Norges Bank purchased a new stake in monday.com during the fourth quarter worth $116,686,000. Hedge funds and other institutional investors own 73.70% of the company's stock.

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.