Monster Worldwide Inc. (MWW) Trading Up 7.6%
Monster Worldwide Inc. (NYSE:MWW) was up 7.6% during mid-day trading on Friday . The stock traded as high as $3.76 and last traded at $3.70, with a volume of 3,359,668 shares. The stock had previously closed at $3.44.
Several equities research analysts have issued reports on MWW shares. BMO Capital Markets downgraded Monster Worldwide from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $4.00 to $3.00 in a report on Monday, July 11th. Zacks Investment Research upgraded Monster Worldwide from a “hold” rating to a “buy” rating and set a $3.25 price objective on the stock in a report on Wednesday, May 11th. Finally, B. Riley downgraded Monster Worldwide to a “neutral” rating and set a $3.40 price objective on the stock. in a report on Monday, August 15th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $4.63.
The stock’s market capitalization is $336.66 million. The company has a 50-day moving average of $2.84 and a 200 day moving average of $2.99.
Monster Worldwide (NYSE:MWW) last issued its earnings results on Tuesday, August 9th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by $0.05. The business earned $150.90 million during the quarter, compared to analysts’ expectations of $156.87 million. Monster Worldwide’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 EPS. Equities research analysts expect that Monster Worldwide Inc. will post $0.16 earnings per share for the current year.
In other news, EVP Michael Connolly Miller sold 7,103 shares of the company’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $3.54, for a total transaction of $25,144.62. Following the completion of the sale, the executive vice president now owns 144,974 shares in the company, valued at approximately $513,207.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
A hedge fund recently raised its stake in Monster Worldwide stock. Bank of Montreal Can increased its stake in Monster Worldwide Inc. (NYSE:MWW) by 9.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,161,903 shares of the company’s stock after buying an additional 185,603 shares during the period. Bank of Montreal Can owned approximately 2.37% of Monster Worldwide worth $12,388,000 as of its most recent filing with the SEC.
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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