Shares of Monster Worldwide Inc. (NYSE:MWW) have received a consensus recommendation of “Hold” from the six ratings firms that are covering the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $3.41.
Several equities research analysts have recently issued reports on MWW shares. BMO Capital Markets cut Monster Worldwide from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $4.00 to $3.00 in a report on Monday, July 11th. B. Riley cut Monster Worldwide from a “buy” rating to a “neutral” rating and set a $3.50 target price on the stock. in a report on Friday, August 5th. Finally, Avondale Partners lowered Monster Worldwide from a “market perform” rating to an “underperform” rating and set a $3.40 price target for the company. in a research report on Monday, August 22nd.
In other Monster Worldwide news, EVP Michael Connolly Miller sold 7,103 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 144,974 shares in the company, valued at $513,207.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.70% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans raised its position in shares of Monster Worldwide by 7.0% in the second quarter. Thrivent Financial for Lutherans now owns 43,260 shares of the company’s stock valued at $103,000 after buying an additional 2,820 shares during the period. DIAM Co. Ltd. acquired a new position in shares of Monster Worldwide during the second quarter valued at about $105,000. Arizona State Retirement System raised its position in shares of Monster Worldwide by 0.4% in the second quarter. Arizona State Retirement System now owns 46,226 shares of the company’s stock valued at $110,000 after buying an additional 200 shares during the period. State of Tennessee Treasury Department raised its position in shares of Monster Worldwide by 35.2% in the second quarter. State of Tennessee Treasury Department now owns 95,972 shares of the company’s stock valued at $230,000 after buying an additional 25,000 shares during the period. Finally, Alambic Investment Management L.P. raised its position in shares of Monster Worldwide by 38.3% in the second quarter. Alambic Investment Management L.P. now owns 102,783 shares of the company’s stock valued at $246,000 after buying an additional 28,483 shares during the period. Institutional investors and hedge funds own 90.47% of the company’s stock.
Monster Worldwide (NYSE:MWW) opened at 3.44 on Wednesday. The company’s market cap is $306.38 million. Monster Worldwide has a 52-week low of $2.13 and a 52-week high of $7.73. The firm’s 50-day moving average price is $3.54 and its 200-day moving average price is $3.06.
Monster Worldwide (NYSE:MWW) last issued its earnings results on Tuesday, August 9th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.05. Monster Worldwide had a positive return on equity of 3.67% and a negative net margin of 8.79%. The firm earned $150.90 million during the quarter, compared to the consensus estimate of $156.87 million. During the same period last year, the firm posted $0.10 earnings per share. The company’s revenue for the quarter was down 16.4% compared to the same quarter last year. On average, equities analysts anticipate that Monster Worldwide will post $0.05 EPS for the current year.
Monster Worldwide Company Profile
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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