WW International (NASDAQ:WW) Stock Crosses Above 200-Day Moving Average – Should You Sell?

WW International, Inc. (NASDAQ:WW)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.72 and traded as high as $16.93. WW International shares last traded at $16.27, with a volume of 155,997 shares.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wall Street Zen raised WW International from a “strong sell” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings lowered WW International from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, WW International has an average rating of “Reduce”.

WW International Trading Up 3.6%

The firm has a market cap of $177.08 million, a P/E ratio of -3.06 and a beta of 1.72. The business’s fifty day simple moving average is $15.39 and its 200-day simple moving average is $15.68.

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 company had revenue of $162.32 million during the quarter, compared to the consensus estimate of $159.13 million. As a group, research analysts expect that WW International, Inc. will post -0.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Cygnus Capital Advisors LLC lifted its holdings in shares of WW International by 96.1% in the second quarter. Cygnus Capital Advisors LLC now owns 388,655 shares of the company’s stock worth $6,211,000 after buying an additional 190,440 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in WW International during the second quarter valued at approximately $279,000. Cooper Creek Partners Management LLC grew its stake in 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 acquiring 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 approximately $4,989,000. Finally, Marshall Wace LLP purchased a new stake in WW International in the 4th quarter worth approximately $1,108,000. Hedge funds and other institutional investors own 86.18% of the company’s stock.

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.