Analysts Set monday.com Ltd. (NASDAQ:MNDY) PT at $306.60

Shares of monday.com Ltd. (NASDAQ:MNDY) have been assigned an average recommendation of “Moderate Buy” from the twenty-two analysts that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $310.10.

Several research analysts have commented on the stock. UBS Group increased their price objective on shares of monday.com from $240.00 to $280.00 and gave the company a “neutral” rating in a report on Tuesday, August 13th. DA Davidson restated a “neutral” rating and set a $300.00 price target on shares of monday.com in a report on Tuesday, November 12th. Piper Sandler lifted their price objective on monday.com from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Canaccord Genuity Group increased their target price on monday.com from $295.00 to $310.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of monday.com from $270.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 13th.

Institutional Investors Weigh In On monday.com

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MNDY. Sei Investments Co. increased its position in shares of monday.com by 63.9% during the first quarter. Sei Investments Co. now owns 107,331 shares of the company’s stock worth $24,243,000 after acquiring an additional 41,840 shares during the period. Bessemer Group Inc. bought a new stake in monday.com during the 1st quarter valued at $1,314,000. China Universal Asset Management Co. Ltd. purchased a new stake in shares of monday.com in the 3rd quarter worth $1,667,000. International Assets Investment Management LLC purchased a new position in shares of monday.com during the third quarter valued at $21,989,000. Finally, Swiss National Bank raised its holdings in shares of monday.com by 4.1% in the first quarter. Swiss National Bank now owns 86,400 shares of the company’s stock valued at $19,515,000 after acquiring an additional 3,400 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

monday.com Trading Down 2.8 %

NASDAQ:MNDY opened at $255.46 on Tuesday. The stock has a 50-day moving average price of $280.74 and a 200 day moving average price of $249.45. The stock has a market capitalization of $12.33 billion, a P/E ratio of 623.07, a P/E/G ratio of 12.26 and a beta of 1.31. monday.com has a 12-month low of $168.28 and a 12-month high of $324.99.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.24. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The firm had revenue of $251.00 million for the quarter, compared to analysts’ expectations of $246.17 million. During the same quarter last year, the business posted $0.15 earnings per share. The company’s revenue for the quarter was up 49.5% compared to the same quarter last year. On average, research analysts predict that monday.com will post 0.5 earnings per share for the current fiscal year.

About monday.com

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