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

monday.com Ltd. (NASDAQ:MNDY - Get Free Report) has earned an average recommendation of "Moderate Buy" from the twenty-five ratings firms that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $347.09.

Several research analysts have commented on the stock. UBS Group lowered their price objective on shares of monday.com from $350.00 to $310.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Needham & Company LLC reiterated a "buy" rating and set a $400.00 price target on shares of monday.com in a report on Tuesday, May 13th. Loop Capital lowered 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. Barclays lowered 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. Finally, Morgan Stanley assumed coverage on shares of monday.com in a report on Tuesday, June 17th. They set an "equal weight" rating and a $330.00 price target for the company.

monday.com Trading Up 4.0%

Shares of MNDY stock opened at $300.33 on Wednesday. The stock has a market cap of $15.25 billion, a P/E ratio of 306.46, a price-to-earnings-growth ratio of 104.46 and a beta of 1.30. The stock has a 50 day simple moving average of $284.06 and a 200 day simple moving average of $267.16. monday.com has a 1 year low of $188.01 and a 1 year high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $275.93 million. During the same period in the previous year, the company posted $0.61 earnings per share. The firm's revenue for the quarter was up 30.2% compared to the same quarter last year. Analysts forecast that monday.com will post 0.46 EPS for the current year.

Institutional Investors Weigh In On monday.com

A number of institutional investors and hedge funds have recently made changes to their positions in MNDY. ASR Vermogensbeheer N.V. acquired a new stake in shares of monday.com in the 1st quarter worth about $25,000. Summit Securities Group LLC acquired a new stake in shares of monday.com in the 1st quarter worth about $25,000. NewEdge Advisors LLC raised its holdings in shares of monday.com by 2,120.0% in the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company's stock worth $27,000 after acquiring an additional 106 shares during the last quarter. Grove Bank & Trust acquired a new stake in shares of monday.com in the 1st quarter worth about $30,000. Finally, Signaturefd LLC increased its stake in monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock valued at $34,000 after buying an additional 88 shares during the last quarter. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.