Shares of monday.com Ltd. (NASDAQ:MNDY – Get Free Report) have earned a consensus recommendation of “Hold” from the twenty-five analysts that are covering the stock, MarketBeat.com reports. Thirteen research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $111.70.
MNDY has been the subject of a number of analyst reports. Cantor Fitzgerald lowered shares of monday.com from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $112.00 to $90.00 in a report on Monday, August 10th. Jefferies Financial Group restated a “hold” rating and set a $95.00 price objective on shares of monday.com in a research report on Monday, August 10th. UBS Group lifted their target price on shares of monday.com from $85.00 to $95.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. downgraded shares of monday.com from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $90.00 to $87.00 in a research note on Tuesday, September 29th. Finally, Wells Fargo & Company decreased their target price on shares of monday.com from $130.00 to $120.00 and set an “overweight” rating on the stock in a report on Tuesday, August 11th.
Read Our Latest Stock Analysis on MNDY
Institutional Trading of monday.com
Several institutional investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC lifted its stake in shares of monday.com by 60.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,312 shares of the company’s stock valued at $457,000 after purchasing an additional 2,373 shares during the last quarter. Engineers Gate Manager LP grew its holdings in shares of monday.com by 29.5% during the 2nd quarter. Engineers Gate Manager LP now owns 38,981 shares of the company’s stock worth $2,822,000 after purchasing an additional 8,891 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of monday.com during the second quarter valued at about $5,098,000. Public Employees Retirement System of Ohio acquired a new stake in monday.com in the 2nd quarter valued at approximately $970,000. Finally, Plato Investment Management Ltd acquired a new stake in shares of monday.com in the second quarter valued at $432,000. Hedge funds and other institutional investors own 73.70% of the company’s stock.
monday.com Stock Down 4.2%
Shares of NASDAQ:MNDY opened at $90.37 on Tuesday. The business has a fifty day moving average of $88.56 and a two-hundred day moving average of $80.40. The stock has a market cap of $4.62 billion, a P/E ratio of 38.46, a PEG ratio of 2.04 and a beta of 1.14. monday.com has a 52-week low of $57.50 and a 52-week high of $210.49.
monday.com (NASDAQ:MNDY – Get Free Report) last issued its earnings results on Monday, August 10th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.37. monday.com had a return on equity of 9.09% and a net margin of 8.87%. The business had revenue of $364.62 million during the quarter, compared to the consensus estimate of $355.55 million. During the same period last year, the company earned $1.09 EPS. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. On average, equities analysts anticipate that monday.com will post 2.34 earnings per share for the current year.
About monday.com
monday.com Ltd. develops cloud-based software designed to help organizations plan, manage and track work. Its platform provides customizable workflows, visual boards, dashboards, automations and collaboration tools that teams can use to coordinate projects, processes and day-to-day operations.
The company offers a portfolio of products built on its Work Operating System, including monday work management for project and task coordination, monday CRM for sales and customer-management activities, monday dev for software-development teams and monday service for service-management workflows.
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