monday.com Ltd. (NASDAQ:MNDY) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of monday.com Ltd. (NASDAQ:MNDY) have been given an average rating of “Moderate Buy” by the twenty-five research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, fourteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $117.9130.

Several research firms have recently weighed in on MNDY. Capital One Financial downgraded shares of monday.com from an “overweight” rating to an “equal weight” rating and set a $95.00 target price for the company. in a research report on Monday, August 10th. TD Cowen restated a “buy” rating and set a $110.00 price objective on shares of monday.com in a research note on Tuesday, August 11th. Barclays lifted 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. Wall Street Zen raised monday.com from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Finally, Piper Sandler reissued a “neutral” rating and set a $90.00 target price on shares of monday.com in a report on Monday, August 10th.

monday.com Price Performance

MNDY stock opened at $100.71 on Monday. monday.com has a 52-week low of $57.50 and a 52-week high of $220.80. The stock’s 50 day moving average is $83.69 and its two-hundred day moving average is $77.18. The company has a market capitalization of $5.15 billion, a PE ratio of 42.86, a P/E/G ratio of 2.36 and a beta of 1.24.

monday.com (NASDAQ:MNDY) last released its earnings results on Monday, August 10th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.11 by $0.37. The company had revenue of $364.62 million during the quarter, compared to analysts’ expectations of $355.55 million. monday.com had a return on equity of 9.09% and a net margin of 8.87%.The business’s revenue was up 21.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 EPS. As a group, sell-side analysts anticipate that monday.com will post 2.25 EPS for the current year.

Institutional Investors Weigh In On monday.com

Large investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC grew 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 during the last quarter. Advisory Services Network LLC bought a new stake in shares of monday.com during the third quarter valued at approximately $28,000. EverSource Wealth Advisors LLC grew its holdings in monday.com by 76.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock worth $47,000 after buying an additional 65 shares in the last quarter. Quarry LP bought a new stake in monday.com during the 4th quarter valued at $29,000. Finally, Huntington National Bank boosted its position in monday.com by 6,040.0% during the 4th quarter. Huntington National Bank now owns 307 shares of the company’s stock worth $45,000 after acquiring an additional 302 shares during the period. 73.70% of the stock is owned by institutional investors and hedge funds.

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.