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 ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and seventeen have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $126.4783.

MNDY has been the subject of a number of recent research reports. Canaccord Genuity Group dropped their target price on monday.com from $140.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Oppenheimer set a $115.00 price target on monday.com in a research note on Monday, May 11th. Weiss Ratings reiterated a “sell (d+)” rating on shares of monday.com in a research report on Thursday, June 11th. BTIG Research dropped their price objective on monday.com from $135.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Finally, Zacks Research cut monday.com from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st.

Hedge Funds Weigh In On monday.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in monday.com by 76.5% during the second quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock worth $47,000 after buying an additional 65 shares during the last quarter. CoreCap Advisors LLC raised its stake in shares of monday.com by 29.8% in the fourth quarter. CoreCap Advisors LLC now owns 388 shares of the company’s stock valued at $57,000 after acquiring an additional 89 shares during the last quarter. Rafferty Asset Management LLC raised its stake in shares of monday.com by 5.3% in the third quarter. Rafferty Asset Management LLC now owns 1,802 shares of the company’s stock valued at $349,000 after acquiring an additional 91 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of monday.com by 2,120.0% in the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after acquiring an additional 106 shares in the last quarter. Finally, Swiss Life Asset Management Ltd boosted its holdings in shares of monday.com by 4.1% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 3,523 shares of the company’s stock worth $682,000 after acquiring an additional 138 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Price Performance

NASDAQ MNDY opened at $79.77 on Friday. The stock has a market cap of $4.08 billion, a P/E ratio of 34.68, a PEG ratio of 3.99 and a beta of 1.26. The company’s 50-day simple moving average is $75.90 and its 200 day simple moving average is $90.61. monday.com has a twelve month low of $57.50 and a twelve month high of $314.99.

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

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.