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

Wall Street Zen upgraded shares of WW International (NASDAQ:WW) from a sell rating to a hold rating in a report released on Saturday,Wall Street Zen reports.

A number of other research firms also recently commented on WW. Weiss Ratings downgraded WW International from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. Northland Securities initiated coverage on WW International in a research report on Friday. They set an “outperform” rating and a $25.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.00.

WW International Stock Performance

Shares of WW International stock opened at $14.74 on Friday. The firm has a market cap of $147.39 million, a PE ratio of -2.55 and a beta of 1.73. The firm’s 50-day simple moving average is $15.57 and its 200-day simple moving average is $14.74. WW International has a 1 year low of $8.36 and a 1 year high of $38.38.

WW International (NASDAQ:WW) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.93. The firm had revenue of $162.32 million during the quarter, compared to analyst estimates of $159.13 million. On average, equities analysts predict that WW International will post -0.06 earnings per share for the current year.

Institutional Investors Weigh In On WW International

A number of institutional investors have recently modified their holdings of the business. Cooper Creek Partners Management LLC lifted its holdings in WW International by 50.1% in the first quarter. Cooper Creek Partners Management LLC now owns 975,419 shares of the company’s stock worth $13,402,000 after acquiring an additional 325,434 shares during the last quarter. Cygnus Capital Advisors LLC grew its holdings in shares of WW International by 96.1% during the second quarter. Cygnus Capital Advisors LLC now owns 388,655 shares of the company’s stock valued at $6,211,000 after purchasing an additional 190,440 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of WW International during the 2nd quarter worth approximately $279,000. Institutional investors own 86.18% of the company’s stock.

About WW International

WW International, formerly known as Weight Watchers International, is a global wellness company focused on weight management, healthy living and behavior change. The company provides personalized programs designed to help members improve nutrition, physical activity and other lifestyle habits through digital tools, guidance and community support.

Its offerings have historically included subscription-based access to a points-based food and activity program, mobile applications, meal and recipe resources, educational content, virtual coaching and in-person workshops.