Monster Worldwide Inc. (MWW) Receives Average Rating of “Hold” from Analysts
Shares of Monster Worldwide Inc. (NYSE:MWW) have been assigned a consensus recommendation of “Hold” from the six analysts that are covering the company. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $3.41.
Several brokerages recently commented on MWW. B. Riley cut Monster Worldwide to a “neutral” rating and set a $3.40 price target for the company. in a research note on Monday, August 15th. Avondale Partners cut Monster Worldwide from a “market perform” rating to an “underperform” rating and set a $3.40 target price for the company. in a research report on Monday, August 22nd. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $3.50 target price on shares of Monster Worldwide in a research report on Friday, October 7th.
Monster Worldwide (NYSE:MWW) remained flat at $3.40 during mid-day trading on Wednesday. 169,574 shares of the company’s stock were exchanged. The stock’s market capitalization is $302.82 million. The firm has a 50 day moving average of $3.57 and a 200-day moving average of $3.05. Monster Worldwide has a one year low of $2.13 and a one year high of $7.73.
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Monster Worldwide (NYSE:MWW) last announced its quarterly earnings results on Tuesday, August 9th. The company reported ($0.02) 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 negative net margin of 8.79% and a positive return on equity of 3.67%. The company’s quarterly 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. On average, equities research analysts expect 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 stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $3.54, for a total value of $25,144.62. Following the completion of the sale, the executive vice president now directly owns 144,974 shares of the company’s stock, valued at $513,207.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.70% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the stock. Boston Partners purchased a new position in shares of Monster Worldwide during the second quarter worth approximately $1,950,000. Emerald Acquisition Ltd. purchased a new position in shares of Monster Worldwide during the second quarter worth approximately $1,878,000. AQR Capital Management LLC raised its position in shares of 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 during the last quarter. Oxford Asset Management raised its position in shares of Monster Worldwide by 50.4% in the second quarter. Oxford Asset Management now owns 1,430,306 shares of the company’s stock worth $3,418,000 after buying an additional 479,465 shares during the last quarter. Finally, Spark Investment Management LLC raised its position in shares of Monster Worldwide by 302.6% in the first quarter. Spark Investment Management LLC now owns 628,500 shares of the company’s stock worth $2,048,000 after buying an additional 472,400 shares during the last quarter. 90.47% of the stock is owned by institutional investors.
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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