Monster Worldwide Inc. (MWW) Trading Down 1.9%
Monster Worldwide Inc. (NYSE:MWW) was down 1.9% during trading on Monday . The stock traded as low as $2.41 and last traded at $2.56, with a volume of 829,764 shares traded. The stock had previously closed at $2.61.
Several equities research analysts recently commented on MWW shares. BMO Capital Markets downgraded Monster Worldwide from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $4.00 to $3.00 in a report on Monday. Zacks Investment Research upgraded Monster Worldwide from a “hold” rating to a “buy” rating and set a $3.25 price target for the company in a research note on Wednesday, May 11th. Finally, B. Riley restated a “buy” rating and set a $3.50 price target on shares of Monster Worldwide in a research note on Thursday, May 12th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $4.65.
The company has a market capitalization of $239.68 million and a P/E ratio of 3.598. The stock’s 50-day moving average price is $2.60 and its 200 day moving average price is $3.39.
Monster Worldwide (NYSE:MWW) last issued its quarterly earnings data on Thursday, May 5th. The company reported $0.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.07. The company had revenue of $157.80 million for the quarter, compared to analysts’ expectations of $159.86 million. The company’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.07 earnings per share. Analysts predict that Monster Worldwide Inc. will post $0.25 earnings per share for the current year.
Several large investors recently modified their holdings of MWW. Royce & Associates LLC boosted its stake in shares of Monster Worldwide by 3.9% in the fourth quarter. Royce & Associates LLC now owns 2,555,600 shares of the company’s stock worth $14,644,000 after buying an additional 95,000 shares during the period. Bank of Montreal Can boosted its stake in Monster Worldwide by 9.4% in the fourth quarter. Bank of Montreal Can now owns 2,161,903 shares of the company’s stock worth $12,388,000 after buying an additional 185,603 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its stake in Monster Worldwide by 14.6% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 641,700 shares of the company’s stock worth $3,677,000 after buying an additional 81,800 shares during the period. Comerica Bank boosted its stake in Monster Worldwide by 138.9% in the fourth quarter. Comerica Bank now owns 222,812 shares of the company’s stock worth $1,123,000 after buying an additional 129,539 shares during the period. Finally, American Century Companies Inc. boosted its stake in Monster Worldwide by 34.9% in the fourth quarter. American Century Companies Inc. now owns 840,381 shares of the company’s stock worth $4,815,000 after buying an additional 217,541 shares during the period.
Monster Worldwide, Inc is engaged in connecting people to jobs. The Company offers services in over 40 countries, providing job seeking, career management, recruitment and talent management capabilities. The Company’s segments include Careers-North America and Careers-International. It offers digital, social and mobile solutions through its flagship Website monster.com.
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