Monster Worldwide Inc. (NYSE:MWW)‘s stock had its “hold” rating reissued by stock analysts at BMO Capital Markets in a note issued to investors on Friday. They presently have a $3.50 target price on the stock. BMO Capital Markets’ price target points to a potential upside of 1.45% from the company’s previous close.
Other research analysts also recently issued research reports about the stock. B. Riley reaffirmed a “neutral” rating and issued a $3.40 price target on shares of Monster Worldwide in a research note on Friday. Avondale Partners downgraded shares of Monster Worldwide from a “market perform” rating to an “underperform” rating and set a $3.40 price target on the stock. in a research note on Monday, August 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Monster Worldwide presently has a consensus rating of “Hold” and a consensus target price of $3.41.
Monster Worldwide (NYSE:MWW) opened at 3.45 on Friday. Monster Worldwide has a 52 week low of $2.13 and a 52 week high of $7.74. The company’s market cap is $307.27 million. The stock has a 50 day moving average of $3.58 and a 200 day moving average of $3.05.
Monster Worldwide (NYSE:MWW) last released 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. The firm earned $150.90 million during the quarter, compared to the consensus estimate of $156.87 million. Monster Worldwide had a positive return on equity of 3.67% and a negative net margin of 8.79%. Monster Worldwide’s revenue was down 16.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 EPS. On average, analysts expect that Monster Worldwide will post $0.05 earnings per share for the current year.
In other Monster Worldwide 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 transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Thrivent Financial for Lutherans increased its position in Monster Worldwide by 7.0% in the second quarter. Thrivent Financial for Lutherans now owns 43,260 shares of the company’s stock worth $103,000 after buying an additional 2,820 shares during the period. DIAM Co. Ltd. acquired a new position in Monster Worldwide during the second quarter worth approximately $105,000. Arizona State Retirement System increased its position in Monster Worldwide by 2.4% in the first quarter. Arizona State Retirement System now owns 46,026 shares of the company’s stock worth $150,000 after buying an additional 1,100 shares during the period. Acrospire Investment Management LLC acquired a new position in Monster Worldwide during the first quarter worth approximately $275,000. Finally, State of Tennessee Treasury Department increased its position in Monster Worldwide by 35.2% in the second quarter. State of Tennessee Treasury Department now owns 95,972 shares of the company’s stock worth $230,000 after buying an additional 25,000 shares during the period. 90.47% of the stock is currently owned by institutional investors and hedge funds.
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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