WW International (NASDAQ:WW) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of WW International (NASDAQ:WW) from a strong sell rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of WW International in a research report on Friday, January 9th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce”.

WW International Trading Down 1.9%

NASDAQ WW opened at $18.27 on Monday. The company has a market cap of $182.46 million, a price-to-earnings ratio of -3.16 and a beta of 1.30. The company has a 50 day moving average of $22.73 and a 200-day moving average of $26.62. WW International has a 1-year low of $17.85 and a 1-year high of $46.95.

WW International (NASDAQ:WW) last issued its quarterly earnings results on Monday, March 16th. The company reported ($0.58) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.94) by $0.36. The company had revenue of $161.45 million for the quarter, compared to analyst estimates of $149.80 million. On average, equities research analysts forecast that WW International will post -0.06 earnings per share for the current year.

Institutional Trading of WW International

Several large investors have recently made changes to their positions in WW. Mount Lucas Management LP bought a new position in WW International in the third quarter valued at approximately $1,094,000. Tudor Investment Corp ET AL bought a new stake in WW International during the third quarter worth $528,000. Invesco Senior Secured Management Inc. ADV acquired a new stake in shares of WW International in the 4th quarter valued at $4,989,000. Cooper Creek Partners Management LLC acquired a new stake in shares of WW International in the 3rd quarter valued at $3,336,000. Finally, Geode Capital Management LLC increased its stake in shares of WW International by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 113,610 shares of the company’s stock valued at $3,321,000 after purchasing an additional 4,251 shares during the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

WW International Company Profile

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.