WW International (NASDAQ:WW) Director Eugene Davis Acquires 1,648 Shares

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

WW International Trading Up 9.5%

Shares of NASDAQ:WW traded up $1.31 on Wednesday, reaching $15.15. 445,888 shares of the company traded hands, compared to its average volume of 346,572. The business’s 50-day simple moving average is $12.38 and its 200 day simple moving average is $20.65. WW International, Inc. has a 52 week low of $8.36 and a 52 week high of $46.95. The stock has a market capitalization of $151.48 million, a P/E ratio of -2.62 and a beta of 1.30.

WW International (NASDAQ:WW) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($5.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.85) by ($4.35). The firm had revenue of $168.26 million during the quarter, compared to analysts’ expectations of $149.80 million. Sell-side analysts expect that WW International, Inc. will post -0.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Trading of WW International

Several large investors have recently modified their holdings of WW. Mount Lucas Management LP bought a new stake in shares of WW International in the third quarter worth about $1,094,000. Claret Asset Management Corp bought a new stake in shares of WW International in the third quarter worth about $280,000. Cooper Creek Partners Management LLC bought a new stake in shares of WW International in the third quarter worth about $3,336,000. Ameriprise Financial Inc. bought a new stake in shares of WW International in the third quarter worth about $623,000. Finally, Tudor Investment Corp ET AL bought a new stake in shares of WW International in the third quarter worth about $528,000. 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.