Analysts Set monday.com Ltd. (NASDAQ:MNDY) PT at $352.64

Shares of monday.com Ltd. (NASDAQ:MNDY) have earned an average recommendation of “Moderate Buy” from the twenty-four analysts that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $352.64.

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on monday.com from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Needham & Company LLC raised their price target on shares of monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a report on Monday, February 10th. Canaccord Genuity Group lifted their price target on shares of monday.com from $310.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Citigroup upgraded shares of monday.com from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $302.00 to $298.00 in a research report on Thursday, January 16th. Finally, Cantor Fitzgerald lifted their target price on shares of monday.com from $292.00 to $380.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th.

monday.com Trading Down 1.2 %

NASDAQ MNDY opened at $240.81 on Friday. The stock’s fifty day moving average price is $270.36 and its 200-day moving average price is $267.87. The stock has a market cap of $12.23 billion, a P/E ratio of 401.35, a P/E/G ratio of 16.53 and a beta of 1.34. monday.com has a 12 month low of $174.75 and a 12 month high of $342.64.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. As a group, analysts forecast that monday.com will post 0.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Oppenheimer & Co. Inc. raised its position in shares of monday.com by 24.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 6,765 shares of the company’s stock valued at $1,593,000 after buying an additional 1,318 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in monday.com in the 4th quarter worth $245,000. Bailard Inc. boosted its holdings in shares of monday.com by 147.5% during the 4th quarter. Bailard Inc. now owns 7,055 shares of the company’s stock valued at $1,661,000 after purchasing an additional 4,204 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of monday.com by 3.4% during the fourth quarter. Bank of New York Mellon Corp now owns 255,455 shares of the company’s stock valued at $60,144,000 after purchasing an additional 8,329 shares in the last quarter. Finally, Park Avenue Securities LLC bought a new stake in shares of monday.com in the fourth quarter worth about $241,000. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Company Profile

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.