WW International (NASDAQ:WW) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of WW International (NASDAQ:WW) from a strong sell rating to a hold rating in a research note published on Saturday.

Separately, Weiss Ratings lowered shares of WW International from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, WW International currently has an average rating of “Reduce”.

WW International Price Performance

Shares of NASDAQ WW opened at $18.12 on Friday. WW International has a one year low of $8.36 and a one year high of $41.57. The business’s fifty day moving average price is $16.26 and its 200-day moving average price is $16.52. The stock has a market capitalization of $181.18 million, a PE ratio of -3.13 and a beta of 1.30.

WW International (NASDAQ:WW) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.93. The firm had revenue of $162.32 million during the quarter, compared to analysts’ expectations of $159.13 million. As a group, equities analysts expect that WW International will post -0.06 EPS for the current fiscal year.

Insider Activity at WW International

In related news, Director Eugene I. Davis purchased 10,000 shares of WW International stock in a transaction dated Wednesday, May 27th. The stock was bought at an average cost of $14.73 per share, for a total transaction of $147,300.00. Following the completion of the transaction, the director owned 21,648 shares in the company, valued at $318,875.04. This trade represents a 85.85% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired 23,148 shares of company stock valued at $314,835 over the last three months. 0.39% of the stock is owned by company insiders.

Institutional Trading of WW International

A number of institutional investors have recently added to or reduced their stakes in WW. Bank of New York Mellon Corp purchased a new position in WW International during the 2nd quarter valued at about $279,000. Cooper Creek Partners Management LLC increased its position in shares of WW International by 50.1% during the first quarter. Cooper Creek Partners Management LLC now owns 975,419 shares of the company’s stock valued at $13,402,000 after buying an additional 325,434 shares during the period. Invesco Senior Secured Management Inc. ADV purchased a new stake in shares of WW International in the fourth quarter worth about $4,989,000. Marshall Wace LLP purchased a new stake in shares of WW International in the fourth quarter worth about $1,108,000. Finally, Quinn Opportunity Partners LLC bought a new position in shares of WW International in the fourth quarter valued at approximately $1,010,000. Hedge funds and other institutional investors 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.