Analysts Set monday.com Ltd. (NASDAQ:MNDY) PT at $310.81

monday.com Ltd. (NASDAQ:MNDY) has been given an average rating of “Moderate Buy” by the twenty-three analysts that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $310.81.

A number of equities research analysts recently weighed in on MNDY shares. Wells Fargo & Company lifted their price objective on shares of monday.com from $315.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Canaccord Genuity Group increased their price objective on shares of monday.com from $295.00 to $310.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. The Goldman Sachs Group boosted their target price on monday.com from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Citigroup increased their price target on monday.com from $296.00 to $327.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Finally, JPMorgan Chase & Co. boosted their price objective on monday.com from $270.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th.

monday.com Trading Down 2.3 %

NASDAQ MNDY opened at $290.19 on Friday. The company has a 50-day moving average price of $285.50 and a two-hundred day moving average price of $257.37. monday.com has a 52 week low of $170.00 and a 52 week high of $324.99. The stock has a market cap of $14.01 billion, a price-to-earnings ratio of 707.78, a price-to-earnings-growth ratio of 8.28 and a beta of 1.25.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.24. The business had revenue of $251.00 million during the quarter, compared to analyst estimates of $246.17 million. monday.com had a return on equity of 4.99% and a net margin of 2.39%. The business’s revenue for the quarter was up 49.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.15 EPS. As a group, equities research analysts expect that monday.com will post 0.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On monday.com

A number of institutional investors have recently bought and sold shares of MNDY. China Universal Asset Management Co. Ltd. acquired a new position in shares of monday.com in the third quarter worth $1,667,000. International Assets Investment Management LLC purchased a new stake in shares of monday.com during the 3rd quarter worth about $21,989,000. Taylor Frigon Capital Management LLC acquired a new stake in shares of monday.com during the 3rd quarter valued at about $1,311,000. Allspring Global Investments Holdings LLC grew its stake in shares of monday.com by 20.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 72,564 shares of the company’s stock valued at $17,471,000 after buying an additional 12,460 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in monday.com by 6.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 36,572 shares of the company’s stock worth $10,159,000 after buying an additional 2,196 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

About monday.com

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.