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

monday.com Ltd. (NASDAQ:MNDY - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the fifteen analysts that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $240.00.

Several analysts have recently commented on the stock. Needham & Company LLC restated a "buy" rating and set a $230.00 price objective on shares of monday.com in a research report on Tuesday, February 13th. DA Davidson reaffirmed a "neutral" rating and set a $190.00 target price on shares of monday.com in a research note on Tuesday, February 13th. Jefferies Financial Group raised shares of monday.com from a "hold" rating to a "buy" rating and raised their target price for the company from $180.00 to $230.00 in a research note on Friday, January 5th. Piper Sandler reaffirmed an "overweight" rating and set a $250.00 target price on shares of monday.com in a research note on Tuesday, February 13th. Finally, Citigroup cut shares of monday.com from a "buy" rating to a "neutral" rating and cut their target price for the company from $277.00 to $250.00 in a research note on Wednesday, April 10th.

Institutional Investors Weigh In On monday.com

Institutional investors have recently made changes to their positions in the company. Desjardins Global Asset Management Inc. lifted its holdings in shares of monday.com by 222.0% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 132 shares of the company's stock worth $25,000 after acquiring an additional 91 shares during the last quarter. Crewe Advisors LLC lifted its holdings in monday.com by 44.9% during the 3rd quarter. Crewe Advisors LLC now owns 229 shares of the company's stock valued at $36,000 after buying an additional 71 shares in the last quarter. Arlington Partners LLC lifted its holdings in monday.com by 104.1% during the 3rd quarter. Arlington Partners LLC now owns 247 shares of the company's stock valued at $39,000 after buying an additional 126 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new stake in monday.com during the 3rd quarter valued at about $48,000. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in monday.com by 2.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 34,044 shares of the company's stock valued at $65,000 after buying an additional 691 shares in the last quarter. Institutional investors own 73.70% of the company's stock.

monday.com Price Performance

Shares of MNDY stock traded up $5.20 on Friday, hitting $190.40. 768,559 shares of the stock traded hands, compared to its average volume of 799,921. The firm has a market cap of $9.19 billion, a price-to-earnings ratio of -2,719.61 and a beta of 1.18. monday.com has a 52 week low of $108.35 and a 52 week high of $239.22. The firm has a 50 day simple moving average of $212.20 and a two-hundred day simple moving average of $189.66.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings data on Monday, February 12th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.32 by $0.33. The firm had revenue of $202.60 million for the quarter, compared to the consensus estimate of $197.97 million. monday.com had a negative net margin of 0.26% and a negative return on equity of 0.43%. The company's revenue was up 35.5% on a year-over-year basis. During the same period last year, the firm earned ($0.03) EPS. Sell-side analysts forecast that monday.com will post -0.16 EPS for the current year.

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.