Monster Worldwide Inc. (MWW) Shares Down 8.2%
Monster Worldwide Inc. (NYSE:MWW) shares were down 8.2% during mid-day trading on Thursday . The stock traded as low as $2.56 and last traded at $2.56, with a volume of 253,218 shares. The stock had previously closed at $2.79.
Several research analysts have recently issued reports on MWW shares. Zacks Investment Research upgraded shares of Monster Worldwide from a “sell” rating to a “hold” rating in a report on Wednesday, April 13th. B. Riley restated a “buy” rating and issued a $3.50 target price on shares of Monster Worldwide in a report on Monday, May 2nd. Finally, BMO Capital Markets cut shares of 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 report on Monday, July 11th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $4.65.
The company has a market cap of $228.56 million and a price-to-earnings ratio of 3.43. The firm’s 50 day moving average is $2.60 and its 200-day moving average is $3.19.
Monster Worldwide (NYSE:MWW) last posted its quarterly earnings results on Thursday, May 5th. The company reported $0.07 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.07. The business earned $157.80 million during the quarter, compared to analysts’ expectations of $159.86 million. The firm’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.07 earnings per share. On average, equities analysts expect that Monster Worldwide Inc. will post $0.25 EPS for the current year.
Several hedge funds have recently modified their holdings of MWW. 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 valued at $3,677,000 after buying an additional 81,800 shares during the period. 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 valued at $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 valued at $12,388,000 after buying an additional 185,603 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 valued at $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.
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.