WW International (NASDAQ:WW) Director Eugene Davis Acquires 10,000 Shares of Stock

WW International, Inc. (NASDAQ:WW) Director Eugene Davis purchased 10,000 shares of the stock in a transaction dated Friday, May 22nd. The shares were purchased at an average price of $12.63 per share, with a total value of $126,300.00. Following the completion of the acquisition, the director owned 10,000 shares of the company’s stock, valued at approximately $126,300. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

WW International Stock Performance

WW opened at $15.15 on Thursday. The company’s 50 day simple moving average is $12.25 and its 200 day simple moving average is $20.52. WW International, Inc. has a 1 year low of $8.36 and a 1 year high of $46.95. The stock has a market capitalization of $151.48 million, a PE ratio of -2.62 and a beta of 1.30.

WW International (NASDAQ:WW) last released its earnings results on Thursday, May 7th. The company reported ($5.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.85) by ($4.35). The company had revenue of $168.26 million for the quarter, compared to analyst estimates of $149.80 million. As a group, sell-side analysts expect that WW International, Inc. will post -0.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on WW shares. Wall Street Zen cut shares of WW International from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 9th. Zacks Research raised shares of WW International from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WW. Mount Lucas Management LP acquired a new position in WW International during the third quarter valued at approximately $1,094,000. Claret Asset Management Corp acquired a new position in WW International during the third quarter valued at approximately $280,000. Cooper Creek Partners Management LLC acquired a new position in WW International during the third quarter valued at approximately $3,336,000. Ameriprise Financial Inc. acquired a new position in WW International during the third quarter valued at approximately $623,000. Finally, Tudor Investment Corp ET AL acquired a new position in WW International during the third quarter valued at approximately $528,000. 86.18% of the stock is owned by institutional investors and hedge funds.

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.