Monster Worldwide Inc. (NYSE:MWW)‘s stock had its “hold” rating reiterated by stock analysts at BMO Capital Markets in a report issued on Friday. They currently have a $3.50 target price on the stock. BMO Capital Markets’ target price indicates a potential upside of 0.29% from the company’s current price.
Other research analysts also recently issued research reports about the stock. B. Riley reaffirmed a “buy” rating and issued a $3.50 price target on shares of Monster Worldwide in a research note on Wednesday, August 10th. Avondale Partners downgraded 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 note on Monday, August 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $3.41.
Monster Worldwide (NYSE:MWW) traded down 2.29% on Friday, hitting $3.41. 541,320 shares of the stock traded hands. The firm has a 50-day moving average price of $3.59 and a 200-day moving average price of $3.05. Monster Worldwide has a 12 month low of $2.13 and a 12 month high of $7.74. The company’s market capitalization is $303.71 million.
Monster Worldwide (NYSE:MWW) last posted 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 company earned $150.90 million during the quarter, compared to analysts’ expectations of $156.87 million. Monster Worldwide had a positive return on equity of 3.67% and a negative net margin of 8.79%. The company’s quarterly revenue was down 16.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.10 EPS. Analysts forecast that Monster Worldwide will post $0.05 earnings per share for the current year.
In other news, EVP Michael Connolly Miller sold 7,103 shares of the firm’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans boosted its stake in Monster Worldwide by 7.0% in the second quarter. Thrivent Financial for Lutherans now owns 43,260 shares of the company’s stock worth $103,000 after buying an additional 2,820 shares in the last quarter. DIAM Co. Ltd. purchased a new stake in Monster Worldwide during the second quarter worth $105,000. Arizona State Retirement System boosted its stake in Monster Worldwide by 2.4% in the first quarter. Arizona State Retirement System now owns 46,026 shares of the company’s stock worth $150,000 after buying an additional 1,100 shares in the last quarter. Acrospire Investment Management LLC purchased a new stake in Monster Worldwide during the first quarter worth $275,000. Finally, State of Tennessee Treasury Department boosted 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 and hedge funds own 90.47% of the company’s stock.
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