monday.com Ltd. (NASDAQ:MNDY) Receives $310.68 Average Target Price from Analysts

monday.com Ltd. (NASDAQ:MNDY) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-four brokerages that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, eighteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $310.68.

MNDY has been the subject of several research reports. Capital One Financial initiated coverage on monday.com in a research note on Thursday, October 10th. They issued an “overweight” rating and a $325.00 target price for the company. Canaccord Genuity Group lifted their target price on monday.com from $295.00 to $310.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Wells Fargo & Company lifted their target price on monday.com from $330.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Needham & Company LLC lifted their price objective on monday.com from $300.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $300.00 price objective on shares of monday.com in a research note on Tuesday, November 12th.

Institutional Investors Weigh In On monday.com

Large investors have recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new stake in monday.com in the fourth quarter valued at $33,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in monday.com during the 3rd quarter worth about $43,000. Toronto Dominion Bank acquired a new stake in monday.com during the 2nd quarter worth about $120,000. Spire Wealth Management acquired a new stake in monday.com during the 4th quarter worth about $125,000. Finally, Vestcor Inc grew its holdings in monday.com by 31.4% during the 3rd quarter. Vestcor Inc now owns 519 shares of the company’s stock worth $144,000 after acquiring an additional 124 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Price Performance

monday.com stock opened at $264.92 on Friday. The company has a market capitalization of $12.79 billion, a PE ratio of 646.15, a price-to-earnings-growth ratio of 6.29 and a beta of 1.30. monday.com has a one year low of $174.75 and a one year high of $324.99. The business has a 50 day simple moving average of $254.06 and a 200 day simple moving average of $260.20.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, November 11th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.61 by $0.24. monday.com had a return on equity of 4.99% and a net margin of 2.39%. The business had revenue of $251.00 million during the quarter, compared to the consensus estimate of $246.17 million. During the same quarter last year, the company earned $0.15 EPS. monday.com’s revenue was up 49.5% on a year-over-year basis. Equities analysts anticipate that monday.com will post 0.85 earnings per share for the current fiscal year.

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.