Brokerages Set monday.com Ltd. (NASDAQ:MNDY) PT at $309.14

monday.com Ltd. (NASDAQ:MNDY) has earned an average rating of “Moderate Buy” from the twenty-two ratings firms that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation, fifteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $312.85.

Several analysts have commented on the company. Citigroup reduced their price objective on monday.com from $338.00 to $302.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. KeyCorp downgraded monday.com from an “overweight” rating to a “sector weight” rating in a report on Friday, December 13th. Loop Capital dropped their price objective on shares of monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. Needham & Company LLC raised their target price on shares of monday.com from $300.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, TD Cowen boosted their price target on shares of monday.com from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th.

monday.com Trading Down 4.9 %

MNDY stock opened at $225.36 on Wednesday. The business has a 50 day simple moving average of $268.46 and a 200-day simple moving average of $259.99. The company has a market capitalization of $10.88 billion, a P/E ratio of 549.66, a PEG ratio of 7.61 and a beta of 1.30. monday.com has a twelve month low of $174.75 and a twelve month high of $324.99.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $246.17 million. During the same period last year, the firm posted $0.15 EPS. monday.com’s revenue for the quarter was up 49.5% on a year-over-year basis. Research analysts predict that monday.com will post 0.85 EPS for the current fiscal year.

Hedge Funds Weigh In On monday.com

Several hedge funds have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of monday.com in the third quarter valued at $43,000. Toronto Dominion Bank purchased a new position in monday.com in the 2nd quarter valued at about $120,000. Vestcor Inc boosted its stake in shares of monday.com by 31.4% during the 3rd quarter. Vestcor Inc now owns 519 shares of the company’s stock worth $144,000 after purchasing an additional 124 shares during the last quarter. Larson Financial Group LLC raised its position in shares of monday.com by 645.7% in the third quarter. Larson Financial Group LLC now owns 604 shares of the company’s stock valued at $168,000 after buying an additional 523 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. grew its stake in monday.com by 18.2% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 650 shares of the company’s stock worth $181,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 73.70% of the company’s stock.

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.