Monster Worldwide Inc. (MWW) Trading Down 3.2%
Monster Worldwide Inc. (NYSE:MWW) traded down 3.2% during mid-day trading on Monday . The company traded as low as $3.58 and last traded at $3.66, with a volume of 1,776,454 shares trading hands. The stock had previously closed at $3.78.
A number of equities research analysts have recently issued reports on the stock. Avondale Partners lowered shares of Monster Worldwide from a “market perform” rating to an “underperform” rating in a report on Monday. B. Riley lowered shares of Monster Worldwide to a “neutral” rating and set a $3.40 price target on the stock. in a report on Monday, August 15th. Zacks Investment Research upgraded shares of Monster Worldwide from a “hold” rating to a “buy” rating and set a $3.25 price target on the stock in a report on Wednesday, May 11th. Finally, BMO Capital Markets lowered shares of Monster Worldwide from an “outperform” rating to a “market perform” rating and cut their price target for the company from $4.00 to $3.00 in a report on Monday, July 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Monster Worldwide presently has a consensus rating of “Hold” and an average target price of $4.63.
The company’s market cap is $329.54 million. The firm’s 50-day moving average is $2.84 and its 200-day moving average is $2.99.
Monster Worldwide (NYSE:MWW) last issued its quarterly earnings data on Tuesday, August 9th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by $0.05. During the same quarter in the prior year, the company posted $0.10 earnings per share. The business had revenue of $150.90 million for the quarter, compared to analysts’ expectations of $156.87 million. The firm’s revenue was down 16.4% on a year-over-year basis. 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 firm’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $3.54, for a total value of $25,144.62. Following the transaction, the executive vice president now owns 144,974 shares of the company’s stock, valued at approximately $513,207.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
A hedge fund recently raised its stake in Monster Worldwide stock. Comerica Bank raised its stake in shares of Monster Worldwide Inc. (NYSE:MWW) by 138.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 222,812 shares of the company’s stock after buying an additional 129,539 shares during the period. Comerica Bank owned 0.24% of Monster Worldwide worth $1,123,000 at the end of the most recent 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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