Monster Worldwide Inc. (MWW) Trading Up 26.7%
Monster Worldwide Inc. (NYSE:MWW) shares were up 26.7% during trading on Tuesday . The company traded as high as $3.55 and last traded at $3.51, with a volume of 48,300,255 shares trading hands. The stock had previously closed at $2.77.
A number of research analysts recently commented on MWW shares. B. Riley reaffirmed a “buy” rating and issued a $3.50 price target on shares of Monster Worldwide in a research note on Wednesday. Zacks Investment Research raised Monster Worldwide from a “hold” rating to a “buy” rating and set a $3.25 target price for the company in a research note on Wednesday, May 11th. Finally, BMO Capital Markets downgraded Monster Worldwide from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $4.00 to $3.00 in a research note on Monday, July 11th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $4.65.
The stock’s 50-day moving average is $2.63 and its 200-day moving average is $3.05. The stock has a market capitalization of $315.72 million and a P/E ratio of 4.74.
Monster Worldwide (NYSE:MWW) last posted its quarterly earnings results on Tuesday, August 9th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.03 by $0.05. The firm earned $150.90 million during the quarter, compared to the consensus estimate of $156.87 million. The business’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same period last year, the firm earned $0.10 EPS. On average, analysts expect that Monster Worldwide Inc. will post $0.25 EPS for the current fiscal year.
Other hedge funds and institutional investors have recently bought and sold shares of the company. Bank of Montreal Can increased 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. increased 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 increased 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.