monday.com Ltd. (NASDAQ:MNDY) Receives $306.60 Consensus Target Price from Analysts

Shares of monday.com Ltd. (NASDAQ:MNDY) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-two research firms that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $310.10.

Several equities research analysts recently issued reports on MNDY shares. TD Cowen boosted their price target on monday.com from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. JPMorgan Chase & Co. upped their target price on monday.com from $270.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. Robert W. Baird raised their price target on monday.com from $265.00 to $270.00 and gave the stock a “neutral” rating in a research report on Tuesday. Needham & Company LLC upped their price objective on shares of monday.com from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Capital One Financial began coverage on shares of monday.com in a research note on Thursday, October 10th. They set an “overweight” rating and a $325.00 price objective on the stock.

monday.com Price Performance

Shares of NASDAQ:MNDY opened at $268.90 on Tuesday. The firm’s 50 day simple moving average is $280.09 and its 200 day simple moving average is $247.65. The company has a market capitalization of $12.98 billion, a price-to-earnings ratio of 655.85, a P/E/G ratio of 12.15 and a beta of 1.31. monday.com has a fifty-two week low of $162.06 and a fifty-two week high of $324.99.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.24. monday.com had a return on equity of 5.15% and a net margin of 2.39%. The business had revenue of $251.00 million for the quarter, compared to analyst estimates of $246.17 million. During the same quarter last year, the firm earned $0.15 EPS. monday.com’s revenue for the quarter was up 49.5% compared to the same quarter last year. Equities research analysts expect that monday.com will post 0.5 earnings per share for the current year.

Institutional Investors Weigh In On monday.com

Institutional investors have recently bought and sold shares of the company. Sei Investments Co. grew its holdings in monday.com by 63.9% in the 1st quarter. Sei Investments Co. now owns 107,331 shares of the company’s stock valued at $24,243,000 after buying an additional 41,840 shares in the last quarter. Bessemer Group Inc. purchased a new position in monday.com in the first quarter worth approximately $1,314,000. China Universal Asset Management Co. Ltd. acquired a new stake in monday.com in the third quarter valued at $1,667,000. International Assets Investment Management LLC purchased a new stake in shares of monday.com during the 3rd quarter worth approximately $21,989,000. Finally, Swiss National Bank grew its stake in monday.com by 4.1% during the 1st quarter. Swiss National Bank now owns 86,400 shares of the company’s stock worth $19,515,000 after buying an additional 3,400 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

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.