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

monday.com Ltd. (NASDAQ:MNDY) has received an average recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $240.00.

Several equities analysts have recently weighed in on the company. Canaccord Genuity Group reduced their price target on monday.com from $250.00 to $220.00 and set a “buy” rating for the company in a research report on Monday. JPMorgan Chase & Co. lifted their price target on monday.com from $230.00 to $270.00 and gave the company an “overweight” rating in a research report on Monday, March 25th. Citigroup lowered monday.com from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $277.00 to $250.00 in a research note on Wednesday, April 10th. Needham & Company LLC reissued a “buy” rating and set a $230.00 price objective on shares of monday.com in a research note on Tuesday, February 13th. Finally, KeyCorp started coverage on monday.com in a research note on Thursday, March 21st. They set an “overweight” rating and a $275.00 price objective for the company.

monday.com Stock Down 1.1 %

MNDY stock opened at $185.20 on Friday. monday.com has a twelve month low of $108.35 and a twelve month high of $239.22. The stock’s 50 day moving average is $212.90 and its 200-day moving average is $189.39. The firm has a market capitalization of $8.94 billion, a PE ratio of -2,645.34 and a beta of 1.18.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Monday, February 12th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.33. The company had revenue of $202.60 million during the quarter, compared to the consensus estimate of $197.97 million. monday.com had a negative return on equity of 0.43% and a negative net margin of 0.26%. monday.com’s revenue was up 35.5% on a year-over-year basis. During the same period last year, the business posted ($0.03) earnings per share. On average, equities research analysts anticipate that monday.com will post -0.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. WCM Investment Management LLC bought a new position in monday.com in the 1st quarter valued at approximately $728,521,000. Equitable Trust Co. bought a new position in monday.com in the 1st quarter valued at approximately $1,790,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in monday.com by 7.7% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 8,400 shares of the company’s stock valued at $1,897,000 after acquiring an additional 600 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in monday.com in the 1st quarter valued at approximately $16,868,000. Finally, Summit Trail Advisors LLC lifted its position in monday.com by 264.1% in the 1st quarter. Summit Trail Advisors LLC now owns 55,048 shares of the company’s stock valued at $12,434,000 after acquiring an additional 39,929 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 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.