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

monday.com Ltd. (NASDAQ:MNDY - Get Free Report) has received an average rating of "Moderate Buy" from the twenty-four research firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $354.45.

Several equities analysts have recently commented on MNDY shares. William Blair restated an "outperform" rating on shares of monday.com in a research report on Wednesday, December 18th. Barclays boosted their price objective on monday.com from $325.00 to $360.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Robert W. Baird boosted their price objective on monday.com from $275.00 to $335.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. Loop Capital lowered their price objective on monday.com from $310.00 to $300.00 and set a "buy" rating on the stock in a research report on Monday, December 23rd. Finally, The Goldman Sachs Group boosted their price objective on monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th.

Hedge Funds Weigh In On monday.com

Large investors have recently bought and sold shares of the stock. Clearbridge Investments LLC increased its position in shares of monday.com by 0.3% in the fourth quarter. Clearbridge Investments LLC now owns 13,501 shares of the company's stock worth $3,179,000 after acquiring an additional 44 shares in the last quarter. Prudential Financial Inc. increased its position in shares of monday.com by 1.3% in the fourth quarter. Prudential Financial Inc. now owns 4,122 shares of the company's stock worth $970,000 after acquiring an additional 53 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of monday.com by 64.8% in the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock worth $35,000 after acquiring an additional 59 shares in the last quarter. Avior Wealth Management LLC increased its position in shares of monday.com by 2.6% in the third quarter. Avior Wealth Management LLC now owns 2,611 shares of the company's stock worth $725,000 after acquiring an additional 67 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of monday.com by 7.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company's stock worth $253,000 after acquiring an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.

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monday.com Trading Up 1.0 %

NASDAQ MNDY traded up $2.72 on Monday, hitting $265.40. 228,162 shares of the company traded hands, compared to its average volume of 766,449. The company has a market capitalization of $12.81 billion, a price-to-earnings ratio of 439.74, a P/E/G ratio of 16.53 and a beta of 1.27. The business's 50 day moving average price is $267.89 and its 200-day moving average price is $269.54. monday.com has a 52-week low of $174.75 and a 52-week high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last released its earnings results on Monday, February 10th. The company reported $0.50 earnings per share 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, sell-side analysts predict that monday.com will post 0.46 earnings per share for the current 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.