monday.com Ltd. (NASDAQ:MNDY) Receives $248.85 Average PT from Brokerages

Shares of monday.com Ltd. (NASDAQ:MNDY – Get Rating) have earned a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $246.25.

Several research analysts have commented on the stock. The Goldman Sachs Group decreased their price objective on shares of monday.com from $390.00 to $270.00 and set a “buy” rating for the company in a report on Thursday, April 14th. Cowen decreased their price objective on shares of monday.com from $240.00 to $200.00 in a report on Tuesday, May 17th. Tigress Financial decreased their price target on shares of monday.com from $432.00 to $240.00 in a research note on Wednesday, June 1st. Needham & Company LLC decreased their price target on shares of monday.com from $420.00 to $230.00 and set a “buy” rating for the company in a research note on Thursday, February 24th. Finally, Piper Sandler decreased their price target on shares of monday.com to $200.00 and set an “overweight” rating for the company in a research note on Tuesday, May 17th.

Shares of MNDY opened at $111.10 on Tuesday. The stock has a market capitalization of $4.91 billion and a P/E ratio of -24.53. The firm has a fifty day simple moving average of $116.24 and a two-hundred day simple moving average of $175.50. monday.com has a twelve month low of $87.05 and a twelve month high of $450.00.

monday.com (NASDAQ:MNDY – Get Rating) last issued its quarterly earnings data on Monday, May 16th. The company reported ($1.48) EPS for the quarter, topping the consensus estimate of ($1.52) by $0.04. monday.com had a negative net margin of 43.90% and a negative return on equity of 22.46%. The business had revenue of $108.50 million during the quarter, compared to analyst estimates of $101.31 million. The firm’s revenue for the quarter was up 83.9% compared to the same quarter last year. On average, analysts predict that monday.com will post -5.48 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Winch Advisory Services LLC purchased a new position in monday.com during the fourth quarter valued at approximately $33,000. SJS Investment Consulting Inc. bought a new stake in shares of monday.com during the first quarter valued at approximately $37,000. HHM Wealth Advisors LLC bought a new stake in shares of monday.com during the first quarter valued at approximately $38,000. FourThought Financial LLC bought a new stake in shares of monday.com during the first quarter valued at approximately $42,000. Finally, Arlington Partners LLC bought a new stake in shares of monday.com during the fourth quarter valued at approximately $48,000. 76.31% of the stock is currently owned by institutional investors.

About monday.com (Get Rating)

monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, and internationally. It 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.

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