monday.com Ltd. (NASDAQ:MNDY) Receives $257.74 Consensus PT from Analysts

Shares of monday.com Ltd. (NASDAQ:MNDY) have been given a consensus recommendation of “Moderate Buy” by the twenty-seven ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, twenty-two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $257.3913.

A number of research analysts recently issued reports on the company. Zacks Research upgraded monday.com from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. DA Davidson dropped their price target on shares of monday.com from $275.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. Barclays cut their price target on monday.com from $202.00 to $194.00 and set an “overweight” rating on the stock in a report on Monday. Morgan Stanley decreased their price objective on monday.com from $260.00 to $236.00 and set an “overweight” rating for the company in a report on Tuesday, November 11th. Finally, Canaccord Genuity Group cut their target price on monday.com from $255.00 to $230.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th.

Institutional Trading of monday.com

A number of institutional investors have recently made changes to their positions in the stock. Capital World Investors lifted its position in monday.com by 231.2% in the third quarter. Capital World Investors now owns 1,717,263 shares of the company’s stock worth $332,617,000 after purchasing an additional 1,198,761 shares during the period. Rubicon Global Capital Ltd lifted its holdings in shares of monday.com by 155.3% in the second quarter. Rubicon Global Capital Ltd now owns 1,442,900 shares of the company’s stock valued at $453,763,000 after buying an additional 877,700 shares during the period. Norges Bank bought a new position in monday.com during the second quarter valued at about $161,114,000. SG Americas Securities LLC boosted its stake in monday.com by 110.9% during the fourth quarter. SG Americas Securities LLC now owns 932,912 shares of the company’s stock valued at $137,660,000 after buying an additional 490,491 shares in the last quarter. Finally, Baillie Gifford & Co. grew its holdings in monday.com by 136.5% during the third quarter. Baillie Gifford & Co. now owns 708,278 shares of the company’s stock worth $137,186,000 after acquiring an additional 408,848 shares during the period. 73.70% of the stock is owned by institutional investors and hedge funds.

monday.com Price Performance

Shares of MNDY opened at $139.22 on Friday. The stock has a market capitalization of $7.07 billion, a PE ratio of 113.19, a price-to-earnings-growth ratio of 3.36 and a beta of 1.26. The business’s fifty day moving average price is $152.62 and its 200 day moving average price is $196.61. monday.com has a 12-month low of $137.08 and a 12-month high of $342.64.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, November 10th. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.27. monday.com had a net margin of 5.58% and a return on equity of 5.99%. The company had revenue of $316.86 million for the quarter, compared to analysts’ expectations of $312.26 million. During the same period in the prior year, the company earned $0.85 earnings per share. The firm’s revenue was up 26.3% compared to the same quarter last year. As a group, research analysts anticipate that monday.com will post 0.46 earnings per share for the current fiscal year.

monday.com Company Profile

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.