monday.com Ltd. (NASDAQ:MNDY) Receives $346.50 Average Price Target from Analysts

monday.com Ltd. (NASDAQ:MNDY - Get Free Report) has earned an average recommendation of "Moderate Buy" from the twenty-four brokerages that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and twenty-one have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $346.50.

A number of analysts have weighed in on the stock. Cantor Fitzgerald increased their price target on shares of monday.com from $292.00 to $380.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Loop Capital reduced their price target on shares of monday.com from $385.00 to $375.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. KeyCorp raised shares of monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 price target for the company in a report on Tuesday, February 11th. Scotiabank increased their price target on shares of monday.com from $315.00 to $330.00 and gave the company a "sector outperform" rating in a report on Friday, May 2nd. Finally, Barclays reduced their price target on shares of monday.com from $360.00 to $345.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th.

monday.com Price Performance

Shares of NASDAQ MNDY traded up $6.59 during trading hours on Friday, hitting $304.08. 734,029 shares of the stock were exchanged, compared to its average volume of 903,625. The company's 50 day moving average is $265.78 and its 200 day moving average is $265.03. The firm has a market capitalization of $15.44 billion, a P/E ratio of 506.80, a P/E/G ratio of 16.53 and a beta of 1.32. monday.com has a one year low of $188.01 and a one year high of $342.64.

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 (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.40. monday.com had a net margin of 3.33% and a return on equity of 6.22%. The business had revenue of $282.25 million during the quarter, compared to the consensus estimate of $275.93 million. During the same period in the prior year, the firm earned $0.61 EPS. monday.com's quarterly revenue was up 30.2% compared to the same quarter last year. Research analysts anticipate that monday.com will post 0.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On monday.com

Hedge funds have recently made changes to their positions in the company. ASR Vermogensbeheer N.V. acquired a new stake in shares of monday.com during the 1st quarter worth about $25,000. Summit Securities Group LLC acquired a new stake in shares of monday.com during the 1st quarter worth about $25,000. Stonebridge Financial Group LLC acquired a new stake in shares of monday.com during the 4th quarter worth about $25,000. NewEdge Advisors LLC increased its position in shares of monday.com by 2,120.0% during the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company's stock worth $27,000 after purchasing an additional 106 shares in the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new stake in shares of monday.com during the 4th quarter worth about $28,000. Institutional investors and hedge funds 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.