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.
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.
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