Monster Worldwide Inc. (MWW) Shares Down 1.9%
Monster Worldwide Inc. (NYSE:MWW)’s share price dropped 1.9% during trading on Monday . The stock traded as low as $2.41 and last traded at $2.56, with a volume of 829,764 shares. The stock had previously closed at $2.61.
MWW has been the topic of a number of research reports. BMO Capital Markets downgraded shares of Monster Worldwide from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $4.00 to $3.00 in a research report on Monday. Zacks Investment Research raised shares of Monster Worldwide from a “hold” rating to a “buy” rating and set a $3.25 price objective on the stock in a research report on Wednesday, May 11th. Finally, B. Riley reissued a “buy” rating and issued a $3.50 price objective on shares of Monster Worldwide in a research report on Thursday, May 12th. Three 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 a consensus price target of $4.65.
The company’s 50 day moving average is $2.60 and its 200 day moving average is $3.40. The company has a market capitalization of $233.90 million and a PE ratio of 3.51.
Monster Worldwide (NYSE:MWW) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.07 EPS for the quarter, meeting analysts’ consensus estimates of $0.07. During the same period in the prior year, the company posted $0.07 earnings per share. The firm had revenue of $157.80 million for the quarter, compared to analysts’ expectations of $159.86 million. Monster Worldwide’s quarterly revenue was down 8.7% compared to the same quarter last year. On average, equities analysts forecast that Monster Worldwide Inc. will post $0.25 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the company. 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 worth $3,677,000 after buying an additional 81,800 shares in the last quarter. Royce & Associates LLC increased its position in 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 in the last quarter. 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 worth $1,123,000 after buying an additional 129,539 shares in the last quarter. 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 worth $12,388,000 after buying an additional 185,603 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Monster Worldwide by 34.9% in the fourth quarter. American Century Companies Inc. now owns 840,381 shares of the company’s stock worth $4,815,000 after buying an additional 217,541 shares in 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.
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