monday.com Ltd. (NASDAQ:MNDY) Given Consensus Rating of “Moderate Buy” by Analysts

monday.com Ltd. (NASDAQ:MNDY) has earned a consensus recommendation of “Moderate Buy” from the twenty-one research firms that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $294.84.

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $300.00 target price on shares of monday.com in a research note on Thursday. JPMorgan Chase & Co. upped their price objective on monday.com from $270.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. William Blair reiterated an “outperform” rating on shares of monday.com in a research report on Monday, June 24th. Tigress Financial upped their price target on monday.com from $280.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Finally, Canaccord Genuity Group lifted their price objective on shares of monday.com from $250.00 to $295.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th.

monday.com Stock Performance

NASDAQ:MNDY opened at $271.97 on Monday. monday.com has a one year low of $122.13 and a one year high of $285.64. The business’s 50-day simple moving average is $250.46 and its 200 day simple moving average is $229.02. The stock has a market cap of $13.13 billion, a price-to-earnings ratio of 715.71, a price-to-earnings-growth ratio of 13.58 and a beta of 1.32.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Monday, August 12th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.23. The business had revenue of $236.11 million during the quarter, compared to the consensus estimate of $227.96 million. monday.com had a net margin of 4.88% and a return on equity of 4.74%. On average, equities research analysts predict that monday.com will post 0.49 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Sei Investments Co. increased its stake in monday.com by 63.9% during the 1st quarter. Sei Investments Co. now owns 107,331 shares of the company’s stock valued at $24,243,000 after buying an additional 41,840 shares during the period. Norden Group LLC bought a new position in shares of monday.com in the first quarter valued at approximately $840,000. Boulder Hill Capital Management LP acquired a new position in shares of monday.com during the fourth quarter valued at approximately $2,197,000. Bessemer Group Inc. bought a new stake in monday.com during the first quarter worth approximately $1,314,000. Finally, Toth Financial Advisory Corp bought a new stake in monday.com during the first quarter worth approximately $782,000. 73.70% of the stock is owned by institutional investors and hedge funds.

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.