Monster Worldwide’s (MWW) “Hold” Rating Reaffirmed at BMO Capital Markets
BMO Capital Markets reissued their hold rating on shares of Monster Worldwide Inc. (NYSE:MWW) in a research report report published on Friday morning. BMO Capital Markets currently has a $3.50 price target on the stock.
MWW has been the topic of several other reports. B. Riley restated a buy rating and set a $3.50 price target on shares of Monster Worldwide in a report on Wednesday, August 10th. Avondale Partners cut 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 report on Monday, August 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Monster Worldwide presently has an average rating of Hold and an average price target of $3.41.
Monster Worldwide (NYSE:MWW) traded up 1.5147% during trading on Friday, reaching $3.4515. The company had a trading volume of 157,570 shares. The firm has a 50-day moving average price of $3.59 and a 200 day moving average price of $3.05. The stock’s market cap is $307.40 million. Monster Worldwide has a 12-month low of $2.13 and a 12-month high of $7.74.
Monster Worldwide (NYSE:MWW) last posted its quarterly earnings results on Tuesday, August 9th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.03 by $0.05. Monster Worldwide had a negative net margin of 8.79% and a positive return on equity of 3.67%. The company had revenue of $150.90 million for the quarter, compared to analysts’ expectations of $156.87 million. During the same quarter in the prior year, the firm earned $0.10 earnings per share. The company’s revenue was down 16.4% on a year-over-year basis. Equities research analysts predict that Monster Worldwide will post $0.05 EPS for the current fiscal 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 shares were 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 of the company’s stock, 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. 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. Prudential Financial Inc. raised its position in shares of Monster Worldwide by 24.1% in the first quarter. Prudential Financial Inc. now owns 262,072 shares of the company’s stock worth $854,000 after buying an additional 50,900 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Monster Worldwide by 4.2% in the first quarter. JPMorgan Chase & Co. now owns 768,028 shares of the company’s stock worth $2,504,000 after buying an additional 31,175 shares in the last quarter. BlackRock Group LTD raised its position in shares of Monster Worldwide by 36.7% in the first quarter. BlackRock Group LTD now owns 234,804 shares of the company’s stock worth $766,000 after buying an additional 63,058 shares in the last quarter. Algert Global LLC bought a new position in shares of Monster Worldwide during the first quarter worth approximately $371,000. Finally, Emerald Acquisition Ltd. bought a new position in shares of Monster Worldwide during the second quarter worth approximately $1,878,000. 90.47% of the stock is owned by institutional investors and hedge funds.
About Monster Worldwide
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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