Monster Worldwide Inc. (MWW) Given “Neutral” Rating at B. Riley
Monster Worldwide Inc. (NYSE:MWW)‘s stock had its “neutral” rating reissued by stock analysts at B. Riley in a report released on Friday. They presently have a $3.40 price target on the stock.
Several other research analysts have also recently weighed in on MWW. 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 research report on Monday, August 22nd. BMO Capital Markets cut shares of Monster Worldwide from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $4.00 to $3.00 in a research report on Monday, July 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $3.41.
Monster Worldwide (NYSE:MWW) traded down 2.58% during trading on Friday, hitting $3.40. 658,735 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $3.59 and its 200 day moving average price is $3.05. The firm’s market cap is $302.82 million. Monster Worldwide has a 12-month low of $2.13 and a 12-month high of $7.74.
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Monster Worldwide (NYSE:MWW) last announced its quarterly earnings results on Tuesday, August 9th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.03 by $0.05. The firm had revenue of $150.90 million for the quarter, compared to analyst estimates of $156.87 million. Monster Worldwide had a negative net margin of 8.79% and a positive return on equity of 3.67%. The company’s revenue was down 16.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 EPS. Equities analysts forecast that Monster Worldwide will post $0.05 earnings per share for the current fiscal year.
In related news, EVP Michael Connolly Miller sold 7,103 shares of the business’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 sale, the executive vice president now directly owns 144,974 shares in the company, valued at approximately $513,207.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.70% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. Mohican Financial Management acquired a new stake in shares of Monster Worldwide during the fourth quarter worth about $3,493,000. Allianz Asset Management AG raised its stake in shares of Monster Worldwide by 176.9% in the fourth quarter. Allianz Asset Management AG now owns 2,267,782 shares of the company’s stock worth $13,016,000 after buying an additional 1,448,889 shares during the period. B. Riley Financial Inc. acquired a new stake in shares of Monster Worldwide during the fourth quarter worth about $5,810,000. Boston Partners acquired a new stake in shares of Monster Worldwide during the second quarter worth about $1,950,000. Finally, Emerald Acquisition Ltd. acquired a new stake in shares of Monster Worldwide during the second quarter worth about $1,878,000. Institutional investors own 90.47% of the company’s stock.
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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