monday.com Ltd. (NASDAQ:MNDY) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of monday.com Ltd. (NASDAQ:MNDY - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twenty-four brokerages that are presently covering the company, Marketbeat 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 12 month price target among brokers that have covered the stock in the last year is $349.91.

A number of brokerages recently issued reports on MNDY. Loop Capital lowered their price target on monday.com from $310.00 to $300.00 and set a "buy" rating for the company in a report on Monday, December 23rd. Cantor Fitzgerald upped their target price on monday.com from $292.00 to $380.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Barclays raised their price target on monday.com from $325.00 to $360.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. DA Davidson decreased their price objective on monday.com from $350.00 to $290.00 and set a "buy" rating for the company in a report on Monday. Finally, William Blair reiterated an "outperform" rating on shares of monday.com in a report on Wednesday, December 18th.

Institutional Investors Weigh In On monday.com

Several institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC lifted its position in monday.com by 78.7% during the 4th quarter. FMR LLC now owns 2,701,952 shares of the company's stock worth $636,147,000 after acquiring an additional 1,189,858 shares during the period. Rubicon Global Capital Ltd acquired a new stake in shares of monday.com during the first quarter worth about $137,434,000. Norges Bank purchased a new stake in monday.com in the fourth quarter valued at approximately $116,686,000. T. Rowe Price Investment Management Inc. acquired a new position in monday.com in the 4th quarter worth approximately $109,605,000. Finally, SG Americas Securities LLC raised its position in monday.com by 1,024.7% during the 4th quarter. SG Americas Securities LLC now owns 476,392 shares of the company's stock worth $112,162,000 after buying an additional 434,035 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Price Performance

Shares of MNDY traded down $2.46 during midday trading on Friday, hitting $248.64. The stock had a trading volume of 12,810 shares, compared to its average volume of 803,506. monday.com has a 1 year low of $174.75 and a 1 year high of $342.64. The stock's 50 day moving average is $269.80 and its 200 day moving average is $267.57. The firm has a market cap of $12.62 billion, a PE ratio of 412.52, a price-to-earnings-growth ratio of 16.53 and a beta of 1.34.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. As a group, equities research analysts expect that monday.com will post 0.46 earnings per share for the current fiscal year.

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.