Monster Worldwide Inc. (MWW) Sees Unusually-High Trading Volume
Shares of Monster Worldwide Inc. (NYSE:MWW) saw strong trading volume on Wednesday . 6,858,689 shares changed hands during trading, an increase of 78% from the previous session’s volume of 3,846,712 shares.The stock last traded at $3.47 and had previously closed at $3.50.
A number of research analysts have commented on the company. B. Riley reaffirmed a “buy” rating and set a $3.50 target price on shares of Monster Worldwide in a report on Wednesday. BMO Capital Markets downgraded Monster Worldwide from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $4.00 to $3.00 in a report on Monday, July 11th. Finally, Zacks Investment Research raised Monster Worldwide from a “hold” rating to a “buy” rating and set a $3.25 target price on the stock in a report on Wednesday, May 11th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $4.65.
The firm has a 50 day moving average price of $2.63 and a 200 day moving average price of $3.05. The company has a market cap of $315.72 million and a price-to-earnings ratio of 4.74.
Monster Worldwide (NYSE:MWW) last issued its quarterly earnings results on Tuesday, August 9th. The company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.05. The firm had revenue of $150.90 million for the quarter, compared to analysts’ expectations of $156.87 million. During the same quarter last year, the firm earned $0.10 earnings per share. Monster Worldwide’s revenue was down 16.4% on a year-over-year basis. On average, equities analysts predict that Monster Worldwide Inc. will post $0.25 earnings per share for the current fiscal year.
Other large investors have made changes to their positions in the company. 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 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 period. Cornerstone Capital Management Holdings LLC. boosted 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 period. Finally, Comerica Bank boosted 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 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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