Monster Worldwide Inc. (MWW) Stock Price Down 1.5%
Shares of Monster Worldwide Inc. (NYSE:MWW) dropped 1.5% during mid-day trading on Wednesday . The stock traded as low as $2.62 and last traded at $2.67, with a volume of 351,017 shares trading hands. The stock had previously closed at $2.71.
MWW has been the topic of several analyst reports. BMO Capital Markets cut Monster Worldwide from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $4.00 to $3.00 in a research note on Monday, July 11th. Zacks Investment Research upgraded Monster Worldwide from a “hold” rating to a “buy” rating and set a $3.25 price objective on the stock in a research note on Wednesday, May 11th. Finally, B. Riley reiterated a “buy” rating and issued a $3.50 price objective 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 company’s stock. Monster Worldwide currently has a consensus rating of “Buy” and a consensus price target of $4.65.
The firm’s 50 day moving average price is $2.61 and its 200-day moving average price is $3.29. The firm has a market cap of $241.01 million and a P/E ratio of 3.62.
Monster Worldwide (NYSE:MWW) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. During the same period in the prior year, the company earned $0.07 EPS. The business had revenue of $157.80 million for the quarter, compared to the consensus estimate of $159.86 million. Monster Worldwide’s quarterly revenue was down 8.7% on a year-over-year basis. On average, equities analysts predict that Monster Worldwide Inc. will post $0.25 EPS for the current year.
A number of hedge funds and institutional investors have recently bought and sold shares of the company. 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 period. 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 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 period. Finally, Royce & Associates LLC boosted its position in 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.
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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