Analysts Set monday.com Ltd. (NASDAQ:MNDY) PT at $358.32

monday.com Ltd. (NASDAQ:MNDY) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-four brokerages that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $354.45.

A number of research analysts have weighed in on the company. Loop Capital lowered their target price on monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a report on Monday, December 23rd. William Blair reissued an “outperform” rating on shares of monday.com in a report on Wednesday, December 18th. Piper Sandler upped their price target on monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Citigroup upgraded monday.com from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $302.00 to $298.00 in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. upped their price target on monday.com from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th.

monday.com Stock Performance

MNDY stock opened at $265.45 on Monday. monday.com has a fifty-two week low of $174.75 and a fifty-two week high of $342.64. The business’s 50-day moving average is $269.57 and its two-hundred day moving average is $269.78. The company has a market cap of $12.82 billion, a price-to-earnings ratio of 442.42, a P/E/G ratio of 16.53 and a beta of 1.27.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. Equities analysts predict that monday.com will post 0.46 earnings per share for the current year.

Hedge Funds Weigh In On monday.com

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC bought a new position in monday.com during the fourth quarter valued at approximately $25,000. Arcadia Investment Management Corp MI bought a new stake in shares of monday.com in the 4th quarter valued at approximately $28,000. R Squared Ltd bought a new stake in shares of monday.com in the 4th quarter valued at approximately $33,000. Signaturefd LLC lifted its stake in shares of monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company’s stock valued at $34,000 after purchasing an additional 88 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its stake in shares of monday.com by 64.8% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock valued at $35,000 after purchasing an additional 59 shares during the last quarter. 73.70% of the stock is owned by institutional investors.

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.