monday.com Ltd. (NASDAQ:MNDY) Receives $347.09 Average Price Target from Brokerages

Shares of monday.com Ltd. (NASDAQ:MNDY - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the twenty-five analysts that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and twenty-one have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $347.09.

Several research analysts have recently commented on the company. Jefferies Financial Group decreased their price objective on monday.com from $400.00 to $360.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Wall Street Zen upgraded monday.com from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. decreased their price target on monday.com from $400.00 to $350.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Needham & Company LLC reissued a "buy" rating and set a $400.00 price objective on shares of monday.com in a research note on Tuesday, May 13th. Finally, Piper Sandler restated an "overweight" rating and issued a $325.00 target price on shares of monday.com in a report on Friday.

monday.com Trading Up 0.8%

Shares of MNDY traded up $2.44 during midday trading on Wednesday, reaching $307.96. The stock had a trading volume of 530,820 shares, compared to its average volume of 739,722. The company has a market capitalization of $15.64 billion, a price-to-earnings ratio of 314.24, a price-to-earnings-growth ratio of 111.43 and a beta of 1.30. The company's 50-day moving average is $287.44 and its 200 day moving average is $267.63. monday.com has a 12-month low of $188.01 and a 12-month high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its earnings results 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 return on equity of 7.87% and a net margin of 5.08%. The business had revenue of $282.25 million during the quarter, compared to analyst estimates of $275.93 million. During the same quarter in the prior year, the firm earned $0.61 earnings per share. monday.com's revenue for the quarter was up 30.2% on a year-over-year basis. Research analysts forecast that monday.com will post 0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On monday.com

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ASR Vermogensbeheer N.V. purchased a new position in monday.com during the first quarter valued at $25,000. Summit Securities Group LLC purchased a new position in monday.com during the 1st quarter valued at about $25,000. NewEdge Advisors LLC lifted its position in monday.com by 2,120.0% during the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company's stock valued at $27,000 after acquiring an additional 106 shares during the period. Grove Bank & Trust bought a new stake in monday.com during the first quarter worth about $30,000. Finally, Signaturefd LLC grew its holdings in monday.com by 157.1% in the fourth quarter. Signaturefd LLC now owns 144 shares of the company's stock worth $34,000 after purchasing an additional 88 shares during the period. 73.70% of the stock is owned by hedge funds and other institutional investors.

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.