Monster Worldwide (MWW) is Downgraded by Avondale to Mkt Underperform

Monster Worldwide (MWW) was Downgraded by Avondale to ” Mkt Underperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Avondale advised their investors in a research report released on Aug 22, 2016.

On the company’s financial health, Monster Worldwide reported $-0.02 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Aug 9, 2016. Analyst had a consensus of $0.03. The company had revenue of $150.90 million for the quarter, compared to analysts expectations of $156.59 million. The company’s revenue was down -16.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.10 EPS.

Monster Worldwide opened for trading at $3.6 and hit $3.81 on the upside on Friday, eventually ending the session at $3.78, with a gain of 9.88% or 0.34 points. The heightened volatility saw the trading volume jump to 54,05,380 shares. Company has a market cap of $337 M.

In a different news, on Aug 17, 2016, Michael Connolly Miller (EVP, GC and Secretary) sold 7,103 shares at $3.54 per share price. According to the SEC, on Feb 18, 2016, Gillian Munson (director) purchased 10,000 shares at $2.91 per share price. On Feb 16, 2016, Timothy T Yates (CEO) purchased 25,000 shares at $2.93 per share price, according to the Form-4 filing with the securities and exchange commission.

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 operates in three segments: Careers-North America Careers-International and Internet Advertising & Fees. The Company’s Careers North America and International segments works by connecting employers with job seekers at various levels and by providing searchable jobs and career management resources online in North America Europe and Asia markets. Its Internet Advertising & Fees business operates a network of Websites that connect companies to targeted audiences. Its services and solutions include: searchable job advertisements; resume database access; recruitment media solutions through its advertising network and partnerships; Twitter Cards and social job distribution; social profile aggregation and other career-related content.

Monster Worldwide

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