Analysts Set monday.com Ltd. (NASDAQ:MNDY) Price Target at $126.48

monday.com Ltd. (NASDAQ:MNDY) has earned a consensus rating of “Moderate Buy” from the twenty-five research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $126.4783.

Several equities analysts have recently issued reports on the stock. Citigroup dropped their price target on shares of monday.com from $176.00 to $154.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Zacks Research downgraded monday.com from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. UBS Group lowered their target price on monday.com from $93.00 to $85.00 and set a “neutral” rating for the company in a research report on Tuesday, May 12th. Piper Sandler lifted their target price on monday.com from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Finally, BTIG Research reduced their price target on monday.com from $135.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th.

monday.com Stock Down 1.4%

Shares of MNDY stock traded down $1.18 during mid-day trading on Friday, reaching $82.47. 641,201 shares of the stock traded hands, compared to its average volume of 1,005,416. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 35.86, a price-to-earnings-growth ratio of 4.13 and a beta of 1.26. The stock’s fifty day simple moving average is $77.49 and its two-hundred day simple moving average is $88.34. monday.com has a 1-year low of $57.50 and a 1-year high of $301.00.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Friday, March 13th. The company reported $1.15 earnings per share (EPS) for the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. The business had revenue of $351.26 million during the quarter. On average, equities research analysts anticipate that monday.com will post 1.59 EPS for the current fiscal year.

Hedge Funds Weigh In On monday.com

Hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake 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. CoreCap Advisors LLC lifted its position in shares of monday.com by 29.8% in the fourth quarter. CoreCap Advisors LLC now owns 388 shares of the company’s stock valued at $57,000 after acquiring an additional 89 shares in the last quarter. Rafferty Asset Management LLC lifted its position in shares of monday.com by 5.3% in the third quarter. Rafferty Asset Management LLC now owns 1,802 shares of the company’s stock valued at $349,000 after acquiring an additional 91 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of monday.com by 2,120.0% in 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 period. Finally, Swiss Life Asset Management Ltd boosted its stake in shares of monday.com by 4.1% in the third quarter. Swiss Life Asset Management Ltd now owns 3,523 shares of the company’s stock worth $682,000 after acquiring an additional 138 shares during the period. Institutional investors own 73.70% of the company’s stock.

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.