Monster Worldwide Inc. (MWW) Short Interest Down 48.8% in August
Monster Worldwide Inc. (NYSE:MWW) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 3,953,849 shares, a decline of 48.8% from the August 15th total of 7,729,493 shares. Based on an average daily volume of 2,093,454 shares, the days-to-cover ratio is presently 1.9 days. Approximately 5.2% of the shares of the company are sold short.
Monster Worldwide (NYSE:MWW) opened at 3.57 on Thursday. The company has a 50-day moving average price of $3.47 and a 200-day moving average price of $3.02. The stock’s market capitalization is $317.96 million. Monster Worldwide has a 12-month low of $2.13 and a 12-month high of $7.74.
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 business earned $150.90 million during the quarter, compared to analysts’ expectations of $156.87 million. During the same quarter last year, the business posted $0.10 earnings per share. The company’s quarterly revenue was down 16.4% compared to the same quarter last year. Analysts expect that Monster Worldwide will post $0.05 earnings per share for the current fiscal year.
In other Monster Worldwide news, EVP Michael Connolly Miller sold 7,103 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $3.54, for a total transaction of $25,144.62. Following the completion of 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 filing with the SEC, which is available at the SEC website. Company insiders own 2.70% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System boosted its stake in Monster Worldwide by 0.4% in the second quarter. Arizona State Retirement System now owns 46,226 shares of the company’s stock worth $110,000 after buying an additional 200 shares during the period. American Century Companies Inc. raised its position in shares of Monster Worldwide by 0.3% in the second quarter. American Century Companies Inc. now owns 880,664 shares of the company’s stock worth $2,105,000 after buying an additional 2,364 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of 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. Principal Financial Group Inc. raised its position in shares of Monster Worldwide by 1.4% in the second quarter. Principal Financial Group Inc. now owns 642,134 shares of the company’s stock worth $1,535,000 after buying an additional 9,142 shares in the last quarter. Finally, Squarepoint Ops LLC raised its position in shares of Monster Worldwide by 181.3% in the first quarter. Squarepoint Ops LLC now owns 35,439 shares of the company’s stock worth $116,000 after buying an additional 22,839 shares in the last quarter. Institutional investors own 90.47% of the company’s stock.
A number of equities research analysts have issued reports on the company. Avondale Partners downgraded Monster Worldwide from a “market perform” rating to an “underperform” rating and set a $3.40 price target for the company. in a research note on Monday, August 22nd. B. Riley cut Monster Worldwide to a “neutral” rating and set a $3.40 price objective on the stock. in a research report on Monday, August 15th. Finally, BMO Capital Markets cut Monster Worldwide from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $4.00 to $3.00 in a research report on Monday, July 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $4.43.
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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