monday.com Ltd. (NASDAQ:MNDY) Given Average Recommendation of “Moderate Buy” by Analysts
by Michael Walen · The Markets Dailymonday.com Ltd. (NASDAQ:MNDY – Get Free Report) has received a consensus rating of “Moderate Buy” from the twenty-six brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and nineteen have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $155.3750.
MNDY has been the subject of a number of recent research reports. Loop Capital set a $80.00 price target on shares of monday.com in a research note on Tuesday, February 10th. Wolfe Research reiterated an “outperform” rating and set a $95.00 price objective on shares of monday.com in a report on Monday, February 9th. UBS Group decreased their target price on shares of monday.com from $140.00 to $93.00 and set a “neutral” rating for the company in a research report on Tuesday, February 10th. Oppenheimer lowered their target price on shares of monday.com from $200.00 to $130.00 and set an “outperform” rating on the stock in a report on Monday, February 9th. Finally, Canaccord Genuity Group dropped their price target on shares of monday.com from $190.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday, February 10th.
Read Our Latest Research Report on monday.com
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. NewEdge Advisors LLC grew its holdings in 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 buying an additional 106 shares in the last quarter. Advisory Services Network LLC purchased a new position in monday.com during the 3rd quarter worth $28,000. Quarry LP purchased a new position in monday.com during the 4th quarter worth $29,000. Abound Wealth Management bought a new stake in shares of monday.com in the 4th quarter worth $30,000. Finally, Promus Capital LLC bought a new stake in shares of monday.com in the 2nd quarter worth $45,000. Institutional investors own 73.70% of the company’s stock.
monday.com Stock Performance
Shares of monday.com stock opened at $68.34 on Friday. monday.com has a 52 week low of $66.26 and a 52 week high of $316.98. The stock has a 50 day moving average price of $82.54 and a two-hundred day moving average price of $137.90. The stock has a market capitalization of $3.50 billion, a PE ratio of 30.37, a price-to-earnings-growth ratio of 1.26 and a beta of 1.29.
monday.com (NASDAQ:MNDY – Get Free Report) last issued its earnings results on Monday, February 9th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13. monday.com had a return on equity of 4.80% and a net margin of 9.64%.The company had revenue of $333.88 million for the quarter, compared to analyst estimates of $329.71 million. During the same period in the prior year, the firm earned $1.08 earnings per share. monday.com’s revenue for the quarter was up 24.6% on a year-over-year basis. Research analysts forecast that monday.com will post 0.46 EPS for the current year.
About monday.com
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.