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

monday.com Ltd. (NASDAQ:MNDY) has earned a consensus rating of “Moderate Buy” from the twenty-five brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and seventeen have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $126.4783.

MNDY has been the topic of a number of research reports. Wall Street Zen downgraded monday.com from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Cantor Fitzgerald dropped their target price on monday.com from $148.00 to $95.00 and set an “overweight” rating for the company in a report on Tuesday, February 10th. UBS Group dropped their target price on monday.com from $93.00 to $85.00 and set a “neutral” rating for the company in a report on Tuesday, May 12th. Robert W. Baird reiterated a “neutral” rating and issued a $90.00 target price (down from $175.00) on shares of monday.com in a report on Tuesday, February 10th. Finally, BTIG Research dropped their target price on monday.com from $135.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, May 12th.

monday.com Price Performance

NASDAQ:MNDY opened at $83.23 on Wednesday. monday.com has a 1 year low of $57.50 and a 1 year high of $316.98. The stock’s 50 day simple moving average is $72.90 and its two-hundred day simple moving average is $100.00. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 36.19, a PEG ratio of 4.19 and a beta of 1.24.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data 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 business had revenue of $351.27 million for the quarter. As a group, analysts anticipate that monday.com will post 1.59 EPS for the current year.

Hedge Funds Weigh In On monday.com

A number of institutional investors and hedge funds have recently modified their holdings of MNDY. Capital World Investors boosted its holdings in shares of monday.com by 91.4% in the 4th quarter. Capital World Investors now owns 3,286,461 shares of the company’s stock worth $484,950,000 after purchasing an additional 1,569,198 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of monday.com by 93.3% in the 1st quarter. Renaissance Technologies LLC now owns 2,181,990 shares of the company’s stock worth $150,797,000 after purchasing an additional 1,052,900 shares during the period. Norges Bank purchased a new position in shares of monday.com in the 4th quarter worth approximately $79,789,000. SG Americas Securities LLC boosted its holdings in shares of monday.com by 110.9% in the 4th 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 during the period. Finally, Marshall Wace LLP boosted its holdings in shares of monday.com by 294.0% in the 3rd quarter. Marshall Wace LLP now owns 405,995 shares of the company’s stock worth $78,637,000 after purchasing an additional 302,961 shares during the period. 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.