Shares of monday.com Ltd. (NASDAQ:MNDY - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twenty-three ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $309.14.
MNDY has been the topic of a number of recent research reports. Canaccord Genuity Group upped their target price on shares of monday.com from $295.00 to $310.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Loop Capital decreased their price objective on shares of monday.com from $310.00 to $300.00 and set a "buy" rating for the company in a research report on Monday, December 23rd. William Blair restated an "outperform" rating on shares of monday.com in a research note on Wednesday, December 18th. Wells Fargo & Company upped their price objective on monday.com from $315.00 to $330.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. Finally, Capital One Financial initiated coverage on monday.com in a research report on Thursday, October 10th. They set an "overweight" rating and a $325.00 target price on the stock.
Get Our Latest Report on monday.com
Institutional Trading of monday.com
Several large investors have recently bought and sold shares of the company. Crossmark Global Holdings Inc. lifted its holdings in shares of monday.com by 4.0% in the second quarter. Crossmark Global Holdings Inc. now owns 1,303 shares of the company's stock valued at $314,000 after purchasing an additional 50 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in monday.com by 25.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,033 shares of the company's stock valued at $971,000 after buying an additional 820 shares during the last quarter. Van ECK Associates Corp increased its position in monday.com by 48.8% during the second quarter. Van ECK Associates Corp now owns 13,039 shares of the company's stock worth $3,139,000 after buying an additional 4,275 shares in the last quarter. Natixis Advisors LLC raised its holdings in shares of monday.com by 3.9% in the second quarter. Natixis Advisors LLC now owns 54,346 shares of the company's stock worth $13,084,000 after acquiring an additional 2,031 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its position in shares of monday.com by 33.1% in the second quarter. CIBC Asset Management Inc now owns 3,310 shares of the company's stock valued at $797,000 after acquiring an additional 824 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.
monday.com Stock Up 0.1 %
NASDAQ:MNDY traded up $0.15 during trading hours on Wednesday, reaching $235.44. 659,962 shares of the stock were exchanged, compared to its average volume of 747,447. monday.com has a twelve month low of $170.00 and a twelve month high of $324.99. The business has a 50-day moving average of $274.76 and a two-hundred day moving average of $259.64. The company has a market capitalization of $11.37 billion, a price-to-earnings ratio of 574.24, a PEG ratio of 7.61 and a beta of 1.25.
monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings results on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.24. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The company had revenue of $251.00 million for the quarter, compared to analyst estimates of $246.17 million. During the same period in the prior year, the firm earned $0.15 earnings per share. The business's revenue for the quarter was up 49.5% compared to the same quarter last year. On average, research analysts forecast that monday.com will post 0.85 EPS for the current fiscal year.
About monday.com
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Get Free Reportmonday.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.
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