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

Shares of monday.com Ltd. (NASDAQ:MNDY) have been assigned a consensus rating of “Moderate Buy” from the twenty-five analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $126.7826.

MNDY has been the topic of a number of recent research reports. Canaccord Genuity Group reduced their price objective on monday.com from $140.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Guggenheim set a $130.00 target price on monday.com and gave the company a “buy” rating in a research note on Thursday, April 9th. Wall Street Zen upgraded monday.com from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Oppenheimer set a $115.00 price target on monday.com in a research report on Monday, May 11th. Finally, TD Cowen upped their price target on monday.com from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th.

monday.com Trading Up 2.0%

NASDAQ:MNDY opened at $88.92 on Thursday. The firm’s fifty day simple moving average is $79.71 and its 200 day simple moving average is $80.67. monday.com has a twelve month low of $57.50 and a twelve month high of $264.00. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of 38.66, a PEG ratio of 4.36 and a beta of 1.24.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MNDY. AMS Capital Ltda purchased a new stake in monday.com during the 4th quarter worth approximately $4,055,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of monday.com by 75.9% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 139,009 shares of the company’s stock valued at $20,512,000 after buying an additional 60,000 shares during the last quarter. Swiss National Bank grew its position in shares of monday.com by 28.6% during the first quarter. Swiss National Bank now owns 159,100 shares of the company’s stock worth $10,995,000 after buying an additional 35,400 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of monday.com during the fourth quarter worth approximately $6,200,000. Finally, NewEdge Wealth LLC acquired a new stake in shares of monday.com during the fourth quarter worth approximately $5,635,000. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

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.