monday.com Ltd. (NASDAQ:MNDY) Given Consensus Rating of “Moderate Buy” by Brokerages

monday.com Ltd. (NASDAQ:MNDY) has been given an average recommendation of “Moderate Buy” by the twenty-five ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and seventeen have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $126.4783.

MNDY has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of monday.com in a research report on Thursday, June 11th. BTIG Research reduced their price objective on monday.com from $135.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Zacks Research downgraded monday.com from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Barclays upped their target price on monday.com from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Finally, Oppenheimer set a $115.00 target price on monday.com in a report on Monday, May 11th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. NewEdge Advisors LLC increased its position 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 worth $27,000 after acquiring an additional 106 shares in the last quarter. Advisory Services Network LLC acquired a new position in monday.com during the 3rd quarter valued at about $28,000. EverSource Wealth Advisors LLC boosted its stake in monday.com by 498.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 425 shares of the company’s stock valued at $29,000 after purchasing an additional 354 shares during the last quarter. Quarry LP bought a new stake in monday.com during the 4th quarter worth approximately $29,000. Finally, Abound Wealth Management purchased a new stake in shares of monday.com in the fourth quarter worth approximately $30,000. 73.70% of the stock is owned by institutional investors.

monday.com Stock Up 3.2%

Shares of NASDAQ MNDY opened at $83.65 on Friday. The firm has a market cap of $4.28 billion, a PE ratio of 36.37, a P/E/G ratio of 4.06 and a beta of 1.26. monday.com has a 12-month low of $57.50 and a 12-month high of $314.99. The company’s fifty day simple moving average is $77.17 and its 200 day simple moving average is $88.38.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings results on Friday, March 13th. The company reported $1.15 earnings per share for the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. The firm had revenue of $351.26 million during the quarter. On average, equities analysts predict that monday.com will post 1.59 earnings per share for the current year.

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.