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

Wall Street Zen upgraded shares of WW International (NASDAQ:WW) from a strong sell rating to a hold rating in a report published on Saturday morning.

Separately, Weiss Ratings lowered shares of WW International from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday. 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, WW International has a consensus rating of “Reduce”.

WW International Price Performance

Shares of WW opened at $15.87 on Friday. WW International has a one year low of $8.36 and a one year high of $41.57. The firm has a market capitalization of $158.68 million, a P/E ratio of -2.74 and a beta of 1.30. The business has a fifty day moving average of $16.24 and a 200 day moving average of $16.42.

WW International (NASDAQ:WW) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.93. The firm had revenue of $162.32 million for the quarter, compared to analysts’ expectations of $159.13 million. Analysts expect that WW International will post -0.06 EPS for the current fiscal year.

Insider Activity

In other WW International news, Director Eugene I. Davis acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was purchased at an average price of $14.73 per share, with a total value of $147,300.00. Following the transaction, the director directly owned 21,648 shares in the company, valued at approximately $318,875.04. The trade was a 85.85% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have acquired 23,148 shares of company stock worth $314,835. Insiders own 0.39% of the company’s stock.

Hedge Funds Weigh In On WW International

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cooper Creek Partners Management LLC grew its holdings 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 purchasing an additional 325,434 shares during the period. Invesco Senior Secured Management Inc. ADV purchased a new position in shares of WW International during the 4th quarter valued at about $4,989,000. Geode Capital Management LLC lifted its position in shares of WW International by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 113,610 shares of the company’s stock valued at $3,321,000 after buying an additional 4,251 shares in the last quarter. Marshall Wace LLP bought a new position in shares of WW International during the 4th quarter valued at approximately $1,108,000. Finally, Quinn Opportunity Partners LLC bought a new position in shares of WW International during the 4th quarter valued at approximately $1,010,000. 86.18% of the stock is currently owned by hedge funds and other 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.