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

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

A number of equities analysts have recently commented on the stock. Tigress Financial raised their target price on shares of monday.com from $340.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Citigroup upgraded monday.com from a “neutral” rating to a “buy” rating and lowered their price target for the company from $302.00 to $298.00 in a report on Thursday, January 16th. Robert W. Baird boosted their price target on monday.com from $275.00 to $335.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. 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. Finally, Canaccord Genuity Group boosted their price target on monday.com from $310.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, February 11th.

monday.com Stock Up 0.3 %

MNDY opened at $265.45 on Monday. The business has a fifty day moving average of $269.57 and a 200 day moving average of $269.78. The stock has a market cap of $12.82 billion, a P/E ratio of 442.42, a PEG ratio of 16.53 and a beta of 1.27. monday.com has a 52-week low of $174.75 and a 52-week high of $342.64.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) 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 anticipate that monday.com will post 0.46 EPS for the current fiscal year.

Hedge Funds Weigh In On monday.com

Several hedge funds and other institutional investors have recently modified their holdings of MNDY. FMR LLC raised its position in shares of monday.com by 78.7% in the 4th quarter. FMR LLC now owns 2,701,952 shares of the company’s stock valued at $636,147,000 after purchasing an additional 1,189,858 shares during the last quarter. Norges Bank purchased a new position in shares of monday.com in the 4th quarter valued at approximately $116,686,000. T. Rowe Price Investment Management Inc. purchased a new position in shares of monday.com in the 4th quarter valued at approximately $109,605,000. SG Americas Securities LLC raised its position in shares of monday.com by 1,024.7% in the 4th quarter. SG Americas Securities LLC now owns 476,392 shares of the company’s stock valued at $112,162,000 after purchasing an additional 434,035 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in shares of monday.com by 264.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company’s stock valued at $126,407,000 after purchasing an additional 403,255 shares during the last quarter. 73.70% of the stock is owned by hedge funds and other 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.