monday.com Ltd. (NASDAQ:MNDY) Receives $126.48 Consensus PT from Brokerages

Shares of monday.com Ltd. (NASDAQ:MNDY) have earned a consensus recommendation of “Moderate Buy” from the twenty-five ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $126.4783.

A number of research analysts have commented on MNDY shares. Canaccord Genuity Group reduced their price objective on shares of monday.com from $140.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Jefferies Financial Group reiterated a “hold” rating on shares of monday.com in a research note on Tuesday, May 12th. Tigress Financial lowered their price objective on monday.com to $165.00 and set a “buy” rating for the company in a report on Friday, May 22nd. Piper Sandler increased their target price on monday.com from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Finally, UBS Group lowered their price target on monday.com from $93.00 to $85.00 and set a “neutral” rating for the company in a report on Tuesday, May 12th.

monday.com Trading Down 2.4%

Shares of MNDY stock opened at $73.74 on Wednesday. The firm has a fifty day simple moving average of $73.89 and a 200-day simple moving average of $97.62. The company has a market capitalization of $3.77 billion, a PE ratio of 32.28, a price-to-earnings-growth ratio of 3.87 and a beta of 1.24. monday.com has a twelve month low of $57.50 and a twelve month high of $316.98.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Friday, March 13th. The company reported $1.15 EPS for the quarter. The firm had revenue of $351.27 million for the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. Equities research analysts predict that monday.com will post 1.59 EPS for the current year.

Hedge Funds Weigh In On monday.com

A number of large investors have recently bought and sold shares of MNDY. NewEdge Advisors LLC grew its holdings in shares of monday.com by 2,120.0% during the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after purchasing an additional 106 shares during the last quarter. Advisory Services Network LLC bought a new position in monday.com during the 3rd quarter worth $28,000. EverSource Wealth Advisors LLC increased its position in monday.com by 498.6% in the first quarter. EverSource Wealth Advisors LLC now owns 425 shares of the company’s stock worth $29,000 after buying an additional 354 shares during the period. Quarry LP bought a new stake in monday.com in the fourth quarter valued at $29,000. Finally, Abound Wealth Management bought a new position in shares of monday.com during the fourth quarter worth about $30,000. Institutional investors own 73.70% of the company’s stock.

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.