WW International (NASDAQ:WW) Releases Earnings Results, Beats Expectations By $0.93 EPS

WW International (NASDAQ:WW) released its earnings results on Wednesday. The company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.93, FiscalAI reports. The business had revenue of $162.32 million for the quarter, compared to the consensus estimate of $159.13 million.

WW International Price Performance

NASDAQ:WW traded down $1.11 during midday trading on Wednesday, reaching $15.41. The stock had a trading volume of 414,036 shares, compared to its average volume of 294,062. The stock has a market capitalization of $154.08 million, a P/E ratio of -2.66 and a beta of 1.30. WW International has a 1-year low of $8.36 and a 1-year high of $41.90. The firm’s fifty day simple moving average is $16.23 and its 200-day simple moving average is $16.61.

Insider Transactions at WW International

In other news, Director Eugene I. Davis purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was bought at an average cost of $14.73 per share, for a total transaction of $147,300.00. Following the completion of the acquisition, the director directly owned 21,648 shares of the company’s stock, valued at approximately $318,875.04. The trade was a 85.85% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought 23,148 shares of company stock worth $314,835 in the last three months. 0.39% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On WW International

Large investors have recently made changes to their positions in the business. Invesco Senior Secured Management Inc. ADV bought a new stake in WW International during the 4th quarter valued at approximately $4,989,000. Cooper Creek Partners Management LLC bought a new stake in shares of WW International in the third quarter valued at about $3,336,000. Geode Capital Management LLC grew its holdings 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 worth $3,321,000 after purchasing 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 worth about $1,108,000. Finally, Quinn Opportunity Partners LLC acquired a new stake in WW International during the fourth quarter valued at approximately $1,010,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on WW shares. Wall Street Zen downgraded WW International from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded shares of WW International from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, July 17th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, WW International has an average rating of “Reduce”.

WW International Company Profile

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.