monday.com Ltd. (NASDAQ:MNDY) Receives $310.81 Consensus Price Target from Analysts

Shares of monday.com Ltd. (NASDAQ:MNDY) have received an average rating of “Moderate Buy” from the twenty-three research firms that are presently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $310.81.

MNDY has been the topic of a number of research analyst reports. Loop Capital increased their price target on monday.com from $285.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Tigress Financial raised their target price on shares of monday.com from $280.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Capital One Financial initiated coverage on shares of monday.com in a report on Thursday, October 10th. They set an “overweight” rating and a $325.00 target price for the company. Robert W. Baird increased their price target on shares of monday.com from $265.00 to $270.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th. Finally, Citigroup boosted their price objective on monday.com from $296.00 to $327.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th.

monday.com Price Performance

Shares of MNDY opened at $273.08 on Friday. The company has a market cap of $13.18 billion, a PE ratio of 666.05, a price-to-earnings-growth ratio of 7.75 and a beta of 1.25. The firm has a 50-day moving average of $285.81 and a 200-day moving average of $258.11. monday.com has a one year low of $170.00 and a one year high of $324.99.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings results on Monday, November 11th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.24. The business had revenue of $251.00 million during the quarter, compared to analysts’ expectations of $246.17 million. monday.com had a return on equity of 4.99% and a net margin of 2.39%. monday.com’s quarterly revenue was up 49.5% on a year-over-year basis. During the same quarter last year, the company posted $0.15 earnings per share. Analysts expect that monday.com will post 0.85 earnings per share for the current year.

Institutional Trading of monday.com

Several large investors have recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. bought a new stake in monday.com during the third quarter worth $1,667,000. International Assets Investment Management LLC bought a new stake in shares of monday.com during the 3rd quarter worth $21,989,000. Taylor Frigon Capital Management LLC acquired a new stake in monday.com in the third quarter valued at about $1,311,000. Allspring Global Investments Holdings LLC grew its position in monday.com by 20.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 72,564 shares of the company’s stock valued at $17,471,000 after acquiring an additional 12,460 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in monday.com by 77.5% during the third quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock worth $202,905,000 after acquiring an additional 318,837 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

About monday.com

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.