Monster Worldwide Inc. (MWW) Stock Price Up 7.5%
Monster Worldwide Inc. (NYSE:MWW) rose 7.5% during trading on Wednesday . The stock traded as high as $2.57 and last traded at $2.57, with a volume of 291,115 shares changing hands. The stock had previously closed at $2.39.
MWW has been the subject of several recent research reports. Zacks Investment Research raised Monster Worldwide from a “sell” rating to a “hold” rating in a report on Wednesday, April 13th. B. Riley reaffirmed a “buy” rating and issued a $3.50 price target on shares of Monster Worldwide in a report on Monday, May 2nd. Finally, BMO Capital Markets cut Monster Worldwide from an “outperform” rating to a “market perform” rating and cut their price target for the company from $4.00 to $3.00 in a report on Monday, July 11th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $4.65.
The firm has a 50-day moving average of $2.57 and a 200 day moving average of $3.10. The firm has a market capitalization of $223.22 million and a P/E ratio of 3.35.
Several large investors have recently made changes to their positions in the company. Cornerstone Capital Management Holdings LLC. raised 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 valued at $3,677,000 after buying an additional 81,800 shares during the period. Royce & Associates LLC raised 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 valued at $14,644,000 after buying an additional 95,000 shares during the period. Bank of Montreal Can raised 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 valued at $12,388,000 after buying an additional 185,603 shares during the period. Finally, Comerica Bank raised 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 valued at $1,123,000 after buying an additional 129,539 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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