Analysts Set monday.com Ltd. (NASDAQ:MNDY) Target Price at $353.32

monday.com Ltd. (NASDAQ:MNDY) has been given an average rating of “Moderate Buy” by the twenty-four analysts that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and twenty have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $358.32.

A number of research firms have weighed in on MNDY. William Blair reissued an “outperform” rating on shares of monday.com in a research note on Wednesday, December 18th. KeyCorp raised monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price objective on the stock in a research note on Tuesday, February 11th. JPMorgan Chase & Co. boosted their price objective on monday.com from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Loop Capital decreased their price target on monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. Finally, Barclays increased their price target on monday.com from $325.00 to $360.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th.

monday.com Price Performance

Shares of NASDAQ:MNDY opened at $298.10 on Thursday. The business’s 50 day moving average price is $256.59 and its 200-day moving average price is $268.78. The firm has a market capitalization of $14.39 billion, a PE ratio of 496.83, a P/E/G ratio of 16.53 and a beta of 1.31. monday.com has a 1 year low of $174.75 and a 1 year high of $342.64.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in shares of monday.com in the 3rd quarter valued at approximately $21,989,000. Taylor Frigon Capital Management LLC acquired a new position in shares of monday.com in the third quarter worth $1,311,000. Assenagon Asset Management S.A. raised its holdings in shares of monday.com by 5.6% in the third quarter. Assenagon Asset Management S.A. now owns 63,262 shares of the company’s stock worth $17,572,000 after acquiring an additional 3,357 shares during the last quarter. Lake Street Advisors Group LLC acquired a new position in shares of monday.com in the third quarter worth $590,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of monday.com in the third quarter valued at $43,000. 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.