Monster Worldwide’s (MWW) “Hold” Rating Reiterated at BMO Capital Markets
Several other equities analysts have also weighed in on MWW. B. Riley restated a buy rating and issued a $3.50 price objective on shares of Monster Worldwide in a report on Wednesday, August 10th. Avondale Partners lowered shares of Monster Worldwide from a market perform rating to an underperform rating and set a $3.40 price objective on the stock. in a report on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Monster Worldwide currently has a consensus rating of Hold and a consensus target price of $3.41.
Monster Worldwide (NYSE:MWW) opened at 3.40 on Friday. The firm has a 50 day moving average price of $3.56 and a 200 day moving average price of $3.05. The company’s market cap is $302.82 million. Monster Worldwide has a 12-month low of $2.13 and a 12-month high of $7.73.
Monster Worldwide (NYSE:MWW) last announced its quarterly earnings data 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. Monster Worldwide had a negative net margin of 8.79% and a positive return on equity of 3.67%. The business earned $150.90 million during the quarter, compared to analyst estimates of $156.87 million. During the same quarter in the prior year, the company earned $0.10 earnings per share. The company’s quarterly revenue was down 16.4% on a year-over-year basis. On average, analysts anticipate that Monster Worldwide will post $0.05 earnings per share for the current fiscal year.
In other Monster Worldwide news, EVP Michael Connolly Miller sold 7,103 shares of the stock in a transaction on Monday, August 15th. The shares were sold at an average price of $3.54, for a total value of $25,144.62. Following the sale, the executive vice president now directly owns 144,974 shares in the company, valued at $513,207.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.70% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. Thrivent Financial for Lutherans raised its stake in shares of Monster Worldwide by 7.0% in the second quarter. Thrivent Financial for Lutherans now owns 43,260 shares of the company’s stock worth $103,000 after buying an additional 2,820 shares during the last quarter. DIAM Co. Ltd. bought a new stake in shares of Monster Worldwide during the second quarter worth approximately $105,000. Arizona State Retirement System raised its stake in shares of Monster Worldwide by 2.4% in the first quarter. Arizona State Retirement System now owns 46,026 shares of the company’s stock worth $150,000 after buying an additional 1,100 shares during the last quarter. Acrospire Investment Management LLC bought a new stake in shares of Monster Worldwide during the first quarter worth approximately $275,000. Finally, State of Tennessee Treasury Department raised its stake in shares of Monster Worldwide by 35.2% in the second quarter. State of Tennessee Treasury Department now owns 95,972 shares of the company’s stock worth $230,000 after buying an additional 25,000 shares during the last quarter. Institutional investors own 90.47% of the company’s stock.
Monster Worldwide Company Profile
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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