Brokerages Set monday.com Ltd. (NASDAQ:MNDY) Price Target at $155.38

Shares of monday.com Ltd. (NASDAQ:MNDYGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the twenty-six brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nineteen have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $155.3750.

Several analysts recently commented on the company. Needham & Company LLC reduced their target price on monday.com from $250.00 to $125.00 and set a “buy” rating on the stock in a report on Monday, February 9th. Morgan Stanley dropped their price target on shares of monday.com from $236.00 to $200.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 27th. Robert W. Baird reaffirmed a “neutral” rating and issued a $90.00 price objective (down from $175.00) on shares of monday.com in a research note on Tuesday, February 10th. Cantor Fitzgerald decreased their price objective on shares of monday.com from $148.00 to $95.00 and set an “overweight” rating for the company in a research report on Tuesday, February 10th. Finally, BTIG Research lowered their target price on shares of monday.com from $210.00 to $135.00 and set a “buy” rating for the company in a research note on Tuesday, February 10th.

Check Out Our Latest Research Report on monday.com

monday.com Stock Performance

Shares of MNDY opened at $66.47 on Friday. The stock’s 50-day moving average price is $87.24 and its two-hundred day moving average price is $140.62. monday.com has a 12 month low of $66.26 and a 12 month high of $316.98. The company has a market capitalization of $3.40 billion, a PE ratio of 29.54, a PEG ratio of 1.23 and a beta of 1.32.

monday.com (NASDAQ:MNDYGet Free Report) last issued its quarterly earnings results on Monday, February 9th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.13. monday.com had a return on equity of 4.80% and a net margin of 9.64%.The company had revenue of $333.88 million during the quarter, compared to analysts’ expectations of $329.71 million. During the same quarter in the prior year, the firm posted $1.08 earnings per share. The business’s quarterly revenue was up 24.6% on a year-over-year basis. Equities research analysts predict that monday.com will post 0.46 EPS for the current fiscal year.

Institutional Trading of monday.com

A number of large investors have recently bought and sold shares of MNDY. NewEdge Advisors LLC lifted its stake 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 valued at $27,000 after purchasing an additional 106 shares during the period. Creative Planning grew its stake in monday.com by 16.8% during the second quarter. Creative Planning now owns 4,674 shares of the company’s stock worth $1,470,000 after purchasing an additional 672 shares during the period. Legal & General Group Plc increased its holdings in monday.com by 13.8% in the second quarter. Legal & General Group Plc now owns 125,873 shares of the company’s stock worth $39,585,000 after purchasing an additional 15,290 shares in the last quarter. Rhumbline Advisers increased its holdings in monday.com by 4.5% in the second quarter. Rhumbline Advisers now owns 11,734 shares of the company’s stock worth $3,690,000 after purchasing an additional 502 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in monday.com by 75.3% in the second quarter. American Century Companies Inc. now owns 4,192 shares of the company’s stock valued at $1,318,000 after buying an additional 1,801 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting monday.com

Here are the key news stories impacting monday.com this week:

monday.com Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for monday.com (NASDAQ:MNDY)

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