Monster Worldwide Inc. (MWW) Stock Rating Reaffirmed by BMO Capital Markets
Monster Worldwide Inc. (NYSE:MWW)‘s stock had its “hold” rating restated by investment analysts at BMO Capital Markets in a report issued on Friday. They currently have a $3.50 price target on the stock. BMO Capital Markets’ target price would suggest a potential upside of 0.29% from the company’s previous close.
A number of other equities research analysts have also commented on the company. B. Riley reiterated a “neutral” rating and issued a $3.40 price target on shares of Monster Worldwide in a research report on Friday. Avondale Partners lowered 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. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $3.41.
Shares of Monster Worldwide (NYSE:MWW) traded down 2.436% during midday trading on Friday, reaching $3.405. The company had a trading volume of 376,724 shares. The stock’s market capitalization is $303.26 million. The stock’s 50 day moving average is $3.59 and its 200-day moving average is $3.05. 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 released its quarterly earnings results on Tuesday, August 9th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates 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 earned $150.90 million during the quarter, compared to the consensus estimate of $156.87 million. During the same quarter last year, the firm posted $0.10 EPS. The company’s quarterly revenue was down 16.4% on a year-over-year basis. On average, equities research analysts predict that Monster Worldwide will post $0.05 earnings per share for the current fiscal year.
In other news, EVP Michael Connolly Miller sold 7,103 shares of Monster Worldwide stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $3.54, for a total value of $25,144.62. Following the transaction, the executive vice president now owns 144,974 shares in the company, valued at $513,207.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.70% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MWW. Boston Partners acquired a new stake in Monster Worldwide during the second quarter valued at about $1,950,000. Emerald Acquisition Ltd. acquired a new stake in Monster Worldwide during the second quarter valued at about $1,878,000. AQR Capital Management LLC boosted 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 valued at $2,644,000 after buying an additional 567,897 shares during the last quarter. Oxford Asset Management boosted its stake in Monster Worldwide by 50.4% in the second quarter. Oxford Asset Management now owns 1,430,306 shares of the company’s stock valued at $3,418,000 after buying an additional 479,465 shares during the last quarter. Finally, Spark Investment Management LLC boosted its stake in Monster Worldwide by 302.6% in the first quarter. Spark Investment Management LLC now owns 628,500 shares of the company’s stock valued at $2,048,000 after buying an additional 472,400 shares during the last quarter. Hedge funds and other 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.
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