WW International (NASDAQ:WW) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of WW International, Inc. (NASDAQ:WW) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.95 and traded as high as $16.37. WW International shares last traded at $15.99, with a volume of 123,647 shares.

Analyst Ratings Changes

A number of analysts have commented on the company. Weiss Ratings downgraded WW International from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. Wall Street Zen raised shares of WW International from a “strong sell” rating to a “hold” rating in a report on Saturday, August 8th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce”.

WW International Price Performance

The stock has a market capitalization of $175.63 million, a P/E ratio of -3.03 and a beta of 1.30. The company’s 50 day simple moving average is $15.62 and its two-hundred day simple moving average is $15.93.

WW International (NASDAQ:WW) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.93. The business had revenue of $162.32 million for the quarter, compared to analyst estimates of $159.13 million. On average, research analysts anticipate that WW International, Inc. will post -0.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On WW International

A number of institutional investors and hedge funds have recently modified their holdings of WW. Cooper Creek Partners Management LLC raised its position in shares of WW International by 50.1% in the 1st quarter. Cooper Creek Partners Management LLC now owns 975,419 shares of the company’s stock valued at $13,402,000 after acquiring an additional 325,434 shares during the period. Invesco Senior Secured Management Inc. ADV bought a new stake in WW International in the fourth quarter valued at approximately $4,989,000. Marshall Wace LLP acquired a new stake in WW International in the fourth quarter worth $1,108,000. Quinn Opportunity Partners LLC bought a new position in shares of WW International during the fourth quarter worth $1,010,000. Finally, Ameriprise Financial Inc. acquired a new position in shares of WW International in the 3rd quarter valued at $623,000. 86.18% of the stock is owned by institutional investors.

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.