Monster Worldwide Inc. (MWW) Stock Price Up 3.1%
Shares of Monster Worldwide Inc. (NYSE:MWW) rose 3.1% on Monday . The company traded as high as $2.70 and last traded at $2.70, with a volume of 313,298 shares. The stock had previously closed at $2.62.
MWW has been the subject of a number of research reports. B. Riley reaffirmed a “buy” rating and issued a $3.50 price objective on shares of Monster Worldwide in a research note on Thursday, May 12th. Zacks Investment Research raised shares of Monster Worldwide from a “hold” rating to a “buy” rating and set a $3.25 price objective for the company in a research note on Wednesday, May 11th. Finally, BMO Capital Markets lowered shares of Monster Worldwide from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $4.00 to $3.00 in a research note on Monday, July 11th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Monster Worldwide currently has an average rating of “Buy” and a consensus price target of $4.65.
The stock has a market capitalization of $239.68 million and a price-to-earnings ratio of 3.598. The company’s 50 day moving average is $2.61 and its 200-day moving average is $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 analysts’ consensus estimates of $0.07. During the same period last year, the business earned $0.07 earnings per share. The company earned $157.80 million during the quarter, compared to analyst estimates of $159.86 million. The firm’s revenue was down 8.7% compared to the same quarter last year. On average, equities research analysts predict that Monster Worldwide Inc. will post $0.25 EPS for the current year.
Other hedge funds have modified their holdings of the company. Cornerstone Capital Management Holdings LLC. increased its stake in shares of 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 last quarter. Royce & Associates LLC increased 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 last quarter. Bank of Montreal Can increased its stake in shares of 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 last quarter. Finally, Comerica Bank increased its stake in shares of 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 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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