WW International (NASDAQ:WW) Director Eugene Davis Buys 1,648 Shares of Stock

WW International, Inc. (NASDAQ:WW) Director Eugene Davis purchased 1,648 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was purchased at an average cost of $13.48 per share, with a total value of $22,215.04. Following the acquisition, the director directly owned 11,648 shares in the company, valued at $157,015.04. This trade represents a 16.48% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

WW International Stock Up 9.5%

Shares of WW stock opened at $15.15 on Thursday. WW International, Inc. has a 12-month low of $8.36 and a 12-month high of $46.95. The firm has a market capitalization of $151.48 million, a price-to-earnings ratio of -2.62 and a beta of 1.30. The firm has a fifty day moving average of $12.25 and a 200-day moving average of $20.52.

WW International (NASDAQ:WW) last announced its quarterly 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 firm had revenue of $168.26 million for the quarter, compared to the consensus estimate of $149.80 million. Research analysts expect that WW International, Inc. will post -0.06 earnings per share for the current year.

Analyst Ratings Changes

WW has been the subject of several research analyst reports. Zacks Research raised shares of WW International from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. 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. Three 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, the stock has an average rating of “Reduce”.

Institutional Investors Weigh In On WW International

Several institutional investors and hedge funds have recently added to or reduced their stakes in WW. Cooper Creek Partners Management LLC lifted its position in WW International by 50.1% during the 1st quarter. Cooper Creek Partners Management LLC now owns 975,419 shares of the company’s stock worth $13,402,000 after buying an additional 325,434 shares in the last quarter. Invesco Senior Secured Management Inc. ADV bought a new stake in WW International during the 4th quarter worth about $4,989,000. Mount Lucas Management LP bought a new stake in shares of WW International in the 3rd quarter valued at about $1,094,000. Marshall Wace LLP bought a new stake in shares of WW International in the 4th quarter valued at about $1,108,000. Finally, Quinn Opportunity Partners LLC bought a new stake in shares of WW International in the 4th quarter valued at about $1,010,000. 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.