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

Key Points

• Analysts maintain a “Moderate Buy” consensus on monday.com, with 14 buy, one strong-buy, nine hold and one sell rating among 25 firms. The average 12-month price target is $117.91.
• monday.com exceeded quarterly expectations, reporting $1.48 in EPS versus the $1.11 consensus and $364.62 million in revenue versus $355.55 million expected; revenue increased 21.9% year over year.
• The stock opened at $90.73, with a market capitalization of $4.64 billion and a 12-month trading range of $57.50 to $220.80. Institutional investors own a substantial 73.7% stake in the company.

monday.com Ltd. (NASDAQ:MNDY - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twenty-five ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $117.9130.

A number of brokerages have recently commented on MNDY. Barclays boosted their price target on monday.com from $95.00 to $100.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 12th. Wall Street Zen raised monday.com from a "hold" rating to a "buy" rating in a research report on Sunday, July 12th. Weiss Ratings reiterated a "sell (d+)" rating on shares of monday.com in a research note on Thursday, June 11th. Canaccord Genuity Group dropped their target price on monday.com from $140.00 to $115.00 and set a "buy" rating on the stock in a report on Tuesday, May 12th. Finally, Piper Sandler reissued a "neutral" rating and issued a $90.00 target price on shares of monday.com in a research note on Monday, August 10th.

monday.com Stock Performance

MNDY opened at $90.73 on Monday. The company has a market cap of $4.64 billion, a price-to-earnings ratio of 38.61, a price-to-earnings-growth ratio of 2.13 and a beta of 1.24. The stock has a fifty day simple moving average of $81.47 and a two-hundred day simple moving average of $77.16. monday.com has a 12-month low of $57.50 and a 12-month high of $220.80.

monday.com (NASDAQ:MNDY - Get Free Report) last released its earnings results on Monday, August 10th. The company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.37. monday.com had a net margin of 8.87% and a return on equity of 9.09%. The firm had revenue of $364.62 million for the quarter, compared to the consensus estimate of $355.55 million. During the same period in the prior year, the firm earned $1.09 EPS. The company's revenue was up 21.9% compared to the same quarter last year. On average, analysts predict that monday.com will post 2.25 EPS for the current year.

Institutional Investors Weigh In On monday.com

A number of institutional investors have recently made changes to their positions in the company. Capital World Investors raised its position in monday.com by 91.4% in the 4th quarter. Capital World Investors now owns 3,286,461 shares of the company's stock worth $484,950,000 after buying an additional 1,569,198 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of monday.com by 93.3% during the 1st quarter. Renaissance Technologies LLC now owns 2,181,990 shares of the company's stock valued at $150,797,000 after acquiring an additional 1,052,900 shares during the last quarter. Norges Bank bought a new stake in shares of monday.com in the fourth quarter worth approximately $79,789,000. Marshall Wace LLP grew its stake in shares of monday.com by 294.0% in the third quarter. Marshall Wace LLP now owns 405,995 shares of the company's stock worth $78,637,000 after acquiring an additional 302,961 shares during the period. Finally, Amundi raised its holdings in shares of monday.com by 104.2% during the third quarter. Amundi now owns 511,498 shares of the company's stock valued at $96,499,000 after purchasing an additional 261,000 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.

About monday.com

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com's visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company's product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.

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