monday.com Ltd. (NASDAQ:MNDY) Receives $117.91 Average Price Target from Analysts

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

Several research firms recently weighed in on MNDY. Wall Street Zen raised monday.com from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Canaccord Genuity Group lowered their target price on monday.com from $140.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. UBS Group raised their price target on monday.com from $85.00 to $95.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Oppenheimer set a $115.00 price target on monday.com in a research note on Monday, May 11th. Finally, Barclays boosted their price objective on shares of monday.com from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th.

monday.com Trading Up 1.2%

Shares of MNDY opened at $100.71 on Monday. The firm’s 50-day moving average is $83.69 and its two-hundred day moving average is $77.19. monday.com has a twelve month low of $57.50 and a twelve month high of $220.80. The firm has a market capitalization of $5.15 billion, a P/E ratio of 42.86, a PEG ratio of 2.33 and a beta of 1.24.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, August 10th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 8.87% and a return on equity of 9.09%. The firm’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period last year, the company posted $1.09 earnings per share. Analysts predict that monday.com will post 2.25 EPS for the current year.

Institutional Trading of monday.com

Several institutional investors and hedge funds have recently modified their holdings of MNDY. NewEdge Advisors LLC grew its position 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 valued at $27,000 after purchasing an additional 106 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of monday.com during the 3rd quarter worth approximately $28,000. EverSource Wealth Advisors LLC raised its position in shares of monday.com by 76.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock worth $47,000 after purchasing an additional 65 shares during the last quarter. Quarry LP purchased a new stake in monday.com in the 4th quarter valued at approximately $29,000. Finally, Huntington National Bank lifted its stake in monday.com by 6,040.0% in the 4th quarter. Huntington National Bank now owns 307 shares of the company’s stock valued at $45,000 after buying an additional 302 shares in the last quarter. Hedge funds and other 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.