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

monday.com Ltd. (NASDAQ:MNDY) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-four ratings firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and twenty have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $358.32.

A number of analysts recently issued reports on the stock. KeyCorp upgraded shares of monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 target price on the stock in a research report on Tuesday, February 11th. JPMorgan Chase & Co. increased their price target on shares of monday.com from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Robert W. Baird increased their price target on shares of monday.com from $275.00 to $335.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Tigress Financial increased their price target on shares of monday.com from $340.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Cantor Fitzgerald raised their target price on shares of monday.com from $292.00 to $380.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th.

monday.com Price Performance

MNDY stock opened at $255.87 on Monday. The company’s 50 day simple moving average is $265.97 and its 200-day simple moving average is $269.63. The firm has a market capitalization of $12.35 billion, a PE ratio of 426.45, a P/E/G ratio of 16.53 and a beta of 1.27. monday.com has a 12 month low of $174.75 and a 12 month high of $342.64.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. As a group, sell-side analysts anticipate that monday.com will post 0.46 earnings per share for the current year.

Institutional Trading of monday.com

A number of hedge funds and other institutional investors have recently made changes to their positions in MNDY. Stonebridge Financial Group LLC bought a new stake in shares of monday.com in the 4th quarter worth approximately $25,000. Arcadia Investment Management Corp MI bought a new stake in shares of monday.com in the 4th quarter worth approximately $28,000. R Squared Ltd purchased a new position in shares of monday.com in the fourth quarter worth approximately $33,000. Signaturefd LLC increased its position in shares of monday.com by 157.1% in the fourth quarter. Signaturefd LLC now owns 144 shares of the company’s stock worth $34,000 after acquiring an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of monday.com by 64.8% in the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock worth $35,000 after acquiring an additional 59 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors.

monday.com Company Profile

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.