Monster Worldwide Inc. (MWW) Stock Price Up 7.6%
Monster Worldwide Inc. (NYSE:MWW) shares rose 7.6% during trading on Friday . The stock traded as high as $3.76 and last traded at $3.70, with a volume of 3,359,668 shares. The stock had previously closed at $3.44.
MWW has been the subject of several analyst reports. B. Riley restated a “buy” rating and issued a $3.50 target price on shares of Monster Worldwide in a research note on Monday, May 2nd. Zacks Investment Research upgraded 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 cut their target price for the stock from $4.00 to $3.00 in a research note on Monday, July 11th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Monster Worldwide presently has a consensus rating of “Hold” and an average price target of $4.63.
The firm’s market capitalization is $331.32 million. The stock’s 50 day moving average price is $2.80 and its 200 day moving average price is $3.00.
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 Thomson Reuters’ consensus estimate of $0.03 by $0.05. During the same period in the prior year, the company earned $0.10 EPS. The firm earned $150.90 million during the quarter, compared to analysts’ expectations of $156.87 million. Monster Worldwide’s revenue was down 16.4% on a year-over-year basis. Analysts forecast that Monster Worldwide Inc. will post $0.16 earnings per share for the current year.
In related news, EVP Michael Connolly Miller sold 7,103 shares of the company’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $3.54, for a total transaction of $25,144.62. Following the completion of the sale, the executive vice president now owns 144,974 shares in the company, valued at $513,207.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
An institutional investor recently raised its position in Monster Worldwide stock. Comerica Bank boosted its position in shares of Monster Worldwide Inc. (NYSE:MWW) by 138.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 222,812 shares of the company’s stock after buying an additional 129,539 shares during the period. Comerica Bank owned approximately 0.24% of Monster Worldwide worth $1,123,000 at the end of the most recent reporting 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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