Monster Worldwide Inc. (MWW) Trading 26.7% Higher
Monster Worldwide Inc. (NYSE:MWW)’s share price traded up 26.7% during trading on Tuesday . The stock traded as high as $3.55 and last traded at $3.51, with a volume of 48,300,255 shares changing hands. The stock had previously closed at $2.77.
Several equities analysts recently commented on the company. B. Riley reiterated a “buy” rating and issued a $3.50 target price on shares of Monster Worldwide in a research note on Friday. BMO Capital Markets downgraded Monster Worldwide from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $4.00 to $3.00 in a research report on Monday, July 11th. Finally, Zacks Investment Research raised Monster Worldwide from a “hold” rating to a “buy” rating and set a $3.25 price target for the company in a research report on Wednesday, May 11th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Monster Worldwide currently has a consensus rating of “Buy” and an average target price of $4.65.
The firm has a 50 day moving average of $2.57 and a 200 day moving average of $3.06. The company has a market capitalization of $311.27 million and a P/E ratio of 4.67.
Monster Worldwide (NYSE:MWW) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.03 by $0.05. During the same period in the previous year, the company posted $0.10 earnings per share. The firm earned $150.90 million during the quarter, compared to analyst estimates of $156.87 million. The firm’s quarterly revenue was down 16.4% on a year-over-year basis. On average, analysts expect that Monster Worldwide Inc. will post $0.24 EPS for the current fiscal year.
Several large investors recently added to or reduced their stakes in the company. Comerica Bank raised its stake in 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 in the last quarter. Cornerstone Capital Management Holdings LLC. raised its stake 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 valued at $3,677,000 after buying an additional 81,800 shares in the last quarter. Bank of Montreal Can raised its stake 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 valued at $12,388,000 after buying an additional 185,603 shares in the last quarter. Finally, Royce & Associates LLC raised its stake in 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 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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