Monster Worldwide Inc. (MWW) Receives Average Rating of “Hold” from Analysts
Monster Worldwide Inc. (NYSE:MWW) has been given a consensus recommendation of “Hold” by the six analysts that are currently covering the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $3.41.
Several research firms recently issued reports on MWW. B. Riley reissued a “neutral” rating and issued a $3.40 target price on shares of Monster Worldwide in a research report on Wednesday. BMO Capital Markets reissued a “hold” rating and issued a $3.50 target price on shares of Monster Worldwide in a research report on Friday, October 7th. Finally, Avondale Partners cut shares of Monster Worldwide from a “market perform” rating to an “underperform” rating and set a $3.40 target price on the stock. in a research report on Monday, August 22nd.
Monster Worldwide (NYSE:MWW) remained flat at $3.40 during midday trading on Wednesday. 169,574 shares of the stock traded hands. The stock’s market cap is $302.82 million. The firm’s 50-day moving average is $3.57 and its 200 day moving average is $3.05. Monster Worldwide has a 1-year low of $2.13 and a 1-year high of $7.73.
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. Monster Worldwide had a positive return on equity of 3.67% and a negative net margin of 8.79%. The company earned $150.90 million during the quarter, compared to analyst estimates of $156.87 million. During the same period in the prior year, the business posted $0.10 earnings per share. Monster Worldwide’s revenue was down 16.4% on a year-over-year basis. Analysts forecast that Monster Worldwide will post $0.05 earnings per share for the current fiscal year.
In other Monster Worldwide news, EVP Michael Connolly Miller sold 7,103 shares of Monster Worldwide stock in a transaction that occurred on 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 directly owns 144,974 shares of the company’s stock, valued at $513,207.96. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.70% of the company’s stock.
Several hedge funds have recently bought and sold shares of MWW. American Century Companies Inc. raised its stake in Monster Worldwide by 0.3% in the second quarter. American Century Companies Inc. now owns 880,664 shares of the company’s stock worth $2,105,000 after buying an additional 2,364 shares in the last quarter. Arizona State Retirement System raised its stake in Monster Worldwide by 0.4% in the second quarter. Arizona State Retirement System now owns 46,226 shares of the company’s stock worth $110,000 after buying an additional 200 shares in the last quarter. Highbridge Capital Management LLC purchased a new stake in Monster Worldwide during the second quarter worth about $591,000. AQR Capital Management LLC raised its stake in Monster Worldwide by 105.5% in the second quarter. AQR Capital Management LLC now owns 1,106,418 shares of the company’s stock worth $2,644,000 after buying an additional 567,897 shares in the last quarter. Finally, State of Tennessee Treasury Department raised its stake 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 in the last quarter. Institutional investors own 90.47% of the company’s stock.
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.
Receive News & Stock Ratings for Monster Worldwide Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monster Worldwide Inc. and related stocks with our FREE daily email newsletter.