monday.com Ltd. (NASDAQ:MNDY) has received a consensus recommendation of “Buy” from the eleven analysts that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $304.44.
MNDY has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of monday.com from a “buy” rating to a “hold” rating in a research note on Thursday, September 30th. William Blair initiated coverage on shares of monday.com in a research note on Tuesday, July 6th. They issued an “outperform” rating for the company. Cowen assumed coverage on shares of monday.com in a research note on Tuesday, July 6th. They issued an “outperform” rating and a $275.00 target price for the company. Jefferies Financial Group increased their price objective on shares of monday.com from $240.00 to $275.00 and gave the stock a “hold” rating in a research report on Tuesday, August 17th. They noted that the move was a valuation call. Finally, Needham & Company LLC increased their price objective on shares of monday.com from $265.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, August 18th.
A number of institutional investors and hedge funds have recently made changes to their positions in MNDY. Cubist Systematic Strategies LLC acquired a new position in monday.com during the second quarter worth $36,000. Gleason Group Inc. acquired a new position in monday.com during the second quarter worth $51,000. Itau Unibanco Holding S.A. acquired a new position in monday.com during the second quarter worth $54,000. IFP Advisors Inc acquired a new position in monday.com during the third quarter worth $54,000. Finally, Qube Research & Technologies Ltd acquired a new position in monday.com during the second quarter worth $224,000.
monday.com (NASDAQ:MNDY) last posted its quarterly earnings results on Monday, August 16th. The company reported ($0.26) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.00) by $0.74. The business had revenue of $70.60 million for the quarter, compared to the consensus estimate of $62.11 million. monday.com’s revenue for the quarter was up 93.4% compared to the same quarter last year. On average, analysts predict that monday.com will post -3.85 EPS for the current year.
monday.com Company Profile
monday.com Ltd. develops and markets a team management platform for organizations and businesses. The company provides an online project management tool for topic based internal company communication and information sharing. It serves academic institutions, manufacturing companies, and the hospitality industry.
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