Monster Worldwide Inc. (MWW) Shares Up 3.1%
Shares of Monster Worldwide Inc. (NYSE:MWW) shot up 3.1% during mid-day trading on Monday . The stock traded as high as $2.70 and last traded at $2.70, with a volume of 313,298 shares trading hands. The stock had previously closed at $2.62.
Several research firms have recently issued reports on MWW. Zacks Investment Research raised shares of Monster Worldwide from a “sell” rating to a “hold” rating in a research report on Wednesday, April 13th. B. Riley reissued a “buy” rating and issued a $3.50 price target on shares of Monster Worldwide in a research report on Monday, May 2nd. Finally, BMO Capital Markets lowered shares of Monster Worldwide from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $4.00 to $3.00 in a research report on Monday, July 11th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $4.65.
The stock has a market cap of $240.12 million and a price-to-earnings ratio of 3.60. The stock has a 50 day moving average of $2.61 and a 200-day moving average of $3.30.
Monster Worldwide (NYSE:MWW) last issued its earnings results on Thursday, May 5th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. The firm earned $157.80 million during the quarter, compared to analysts’ expectations of $159.86 million. The firm’s quarterly revenue was down 8.7% on a year-over-year basis. During the same period last year, the firm posted $0.07 earnings per share. On average, equities analysts anticipate that Monster Worldwide Inc. will post $0.25 earnings per share for the current fiscal year.
A number of hedge funds and institutional investors have recently modified their holdings of MWW. Royce & Associates LLC boosted its position 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 valued at $14,644,000 after buying an additional 95,000 shares during the period. Bank of Montreal Can boosted its position 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 valued at $12,388,000 after buying an additional 185,603 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its position 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 valued at $3,677,000 after buying an additional 81,800 shares during the last quarter. Finally, Comerica Bank boosted its position in Monster Worldwide by 138.9% in the fourth quarter. Comerica Bank now owns 222,812 shares of the company’s stock valued at $1,123,000 after buying an additional 129,539 shares during the last quarter.
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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