Monster Worldwide Inc. (MWW) Stock Price Up 7.5%
Monster Worldwide Inc. (NYSE:MWW) shares shot up 7.5% on Wednesday . The company traded as high as $2.57 and last traded at $2.57, with a volume of 291,115 shares. The stock had previously closed at $2.39.
A number of brokerages have weighed in on MWW. BMO Capital Markets lowered Monster Worldwide from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $4.00 to $3.00 in a research note on Monday, July 11th. B. Riley reissued a “buy” rating and set a $3.50 price target on shares of Monster Worldwide in a research note on Thursday, May 12th. Finally, Zacks Investment Research raised Monster Worldwide from a “hold” rating to a “buy” rating and set a $3.25 price target on the stock in a research note on Wednesday, May 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $4.65.
The firm has a 50-day moving average of $2.58 and a 200 day moving average of $3.11. The stock has a market cap of $225.00 million and a price-to-earnings ratio of 3.38.
A number of large investors have recently made changes to their positions in the company. 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 last quarter. 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 last quarter. 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 last quarter. 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 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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