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

Shares of monday.com Ltd. (NASDAQ:MNDY) have been assigned an average rating of “Moderate Buy” from the twenty-eight ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, twenty-three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $260.6087.

Several equities research analysts have weighed in on the company. Citigroup cut their price target on monday.com from $332.00 to $319.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. Piper Sandler lowered their price objective on monday.com from $275.00 to $250.00 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. Zacks Research upgraded shares of monday.com from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Cantor Fitzgerald reduced their target price on shares of monday.com from $286.00 to $257.00 and set an “overweight” rating on the stock in a report on Thursday, September 18th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of monday.com in a research note on Wednesday, October 8th.

monday.com Stock Down 0.6%

Shares of MNDY stock opened at $150.14 on Wednesday. The firm has a 50 day moving average of $170.91 and a two-hundred day moving average of $218.03. The stock has a market capitalization of $7.62 billion, a PE ratio of 122.07, a P/E/G ratio of 5.97 and a beta of 1.27. monday.com has a 52 week low of $141.20 and a 52 week high of $342.64.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, November 10th. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.27. The business had revenue of $316.86 million for the quarter, compared to analyst estimates of $312.26 million. monday.com had a return on equity of 5.99% and a net margin of 5.58%.The company’s revenue was up 26.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 earnings per share. Analysts expect that monday.com will post 0.46 EPS for the current fiscal year.

Hedge Funds Weigh In On monday.com

A number of institutional investors and hedge funds have recently modified their holdings of MNDY. Spire Wealth Management raised its stake in monday.com by 7.5% in the second quarter. Spire Wealth Management now owns 615 shares of the company’s stock valued at $193,000 after buying an additional 43 shares in the last quarter. CWM LLC increased its holdings in shares of monday.com by 31.3% in the 2nd quarter. CWM LLC now owns 210 shares of the company’s stock valued at $66,000 after acquiring an additional 50 shares during the last quarter. Dakota Wealth Management increased its holdings in shares of monday.com by 3.0% in the 2nd quarter. Dakota Wealth Management now owns 1,793 shares of the company’s stock valued at $564,000 after acquiring an additional 52 shares during the last quarter. Chicago Capital LLC raised its position in shares of monday.com by 3.6% during the 2nd quarter. Chicago Capital LLC now owns 1,580 shares of the company’s stock worth $497,000 after acquiring an additional 55 shares in the last quarter. Finally, RFG Advisory LLC lifted its stake in monday.com by 2.9% during the second quarter. RFG Advisory LLC now owns 1,958 shares of the company’s stock worth $616,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

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.