monday.com Ltd. (NASDAQ:MNDY) Receives Average Recommendation of “Moderate Buy” from Analysts

monday.com Ltd. (NASDAQ:MNDY) has earned a consensus rating of “Moderate Buy” from the twenty-five brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $235.9565.

Several brokerages have commented on MNDY. Piper Sandler decreased their price target on shares of monday.com from $250.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday. Morgan Stanley decreased their target price on monday.com from $236.00 to $200.00 and set an “overweight” rating for the company in a report on Tuesday, January 27th. KeyCorp lowered their target price on monday.com from $270.00 to $220.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. UBS Group cut their price target on monday.com from $200.00 to $140.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Canaccord Genuity Group decreased their price objective on monday.com from $255.00 to $230.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th.

monday.com Price Performance

NASDAQ MNDY opened at $104.80 on Thursday. The company has a market cap of $5.32 billion, a P/E ratio of 85.20, a P/E/G ratio of 2.22 and a beta of 1.25. The stock has a 50-day moving average of $140.65 and a two-hundred day moving average of $177.66. monday.com has a 1-year low of $95.08 and a 1-year high of $342.64.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MNDY. Capital World Investors increased its position in shares of monday.com by 231.2% in the 3rd quarter. Capital World Investors now owns 1,717,263 shares of the company’s stock valued at $332,617,000 after purchasing an additional 1,198,761 shares during the last quarter. Norges Bank purchased a new stake in shares of monday.com during the 2nd quarter worth $161,114,000. SG Americas Securities LLC grew its stake in shares of monday.com by 110.9% during the fourth quarter. SG Americas Securities LLC now owns 932,912 shares of the company’s stock worth $137,660,000 after purchasing an additional 490,491 shares in the last quarter. Baillie Gifford & Co. increased its holdings in monday.com by 136.5% in the third quarter. Baillie Gifford & Co. now owns 708,278 shares of the company’s stock valued at $137,186,000 after buying an additional 408,848 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in monday.com by 2,501.5% in the third quarter. Nordea Investment Management AB now owns 326,951 shares of the company’s stock valued at $62,990,000 after buying an additional 314,383 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Company Profile

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.