WW International (NASDAQ:WW) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

WW International, Inc. (NASDAQ:WW) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $26.03 and traded as high as $28.38. WW International shares last traded at $27.54, with a volume of 283,238 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of WW International in a research report on Tuesday, October 14th. CJS Securities started coverage on shares of WW International in a research note on Monday, September 15th. They issued a “market perform” rating on the stock. Finally, Wall Street Zen lowered shares of WW International from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, WW International has a consensus rating of “Reduce”.

WW International Stock Up 5.0%

The firm has a market cap of $275.04 million, a P/E ratio of -4.76 and a beta of 1.30. The stock’s 50-day moving average is $28.06 and its 200-day moving average is $26.21.

WW International (NASDAQ:WW) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.30). The business had revenue of $172.09 million for the quarter, compared to the consensus estimate of $161.38 million. As a group, analysts expect that WW International, Inc. will post -0.06 EPS for the current fiscal year.

Institutional Trading of WW International

A number of hedge funds have recently modified their holdings of WW. Cooper Creek Partners Management LLC bought a new stake in shares of WW International during the third quarter valued at approximately $3,336,000. Mount Lucas Management LP acquired a new stake in WW International during the third quarter worth $1,094,000. Ameriprise Financial Inc. acquired a new stake in WW International during the third quarter worth $623,000. Tudor Investment Corp ET AL bought a new stake in WW International in the 3rd quarter valued at $528,000. Finally, Claret Asset Management Corp acquired a new position in shares of WW International in the 3rd quarter valued at $280,000. Institutional investors own 86.18% of the company’s stock.

About WW International

WW International, Inc (NASDAQ: WW) is a global wellness and weight management company that provides a range of subscription-based programs, digital tools and personalized coaching services. Originally founded in 1963 by Jean Nidetch as a small support group in New York City, the company grew into the well-known Weight Watchers brand before rebranding as WW in 2018 to reflect an expanded focus on overall health, fitness and nutrition. Over the years, WW has introduced innovations such as the SmartPoints® system, which assigns values to foods based on their nutritional composition, and the MyWW® personalized wellness plan, which tailors recommendations to individual lifestyles and goals.

WW’s offerings span digital and in-person channels.