WW International’s (WW) Underweight Rating Reiterated at Barclays

Barclays reissued their underweight rating on shares of WW International (NASDAQ:WW) in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a $0.75 price target on the stock.

WW has been the topic of a number of other research reports. Morgan Stanley lowered WW International from an overweight rating to an equal weight rating and decreased their price objective for the company from $6.50 to $1.25 in a research note on Friday, July 26th. UBS Group reduced their target price on WW International from $2.10 to $1.00 and set a neutral rating on the stock in a research report on Friday, August 2nd. Finally, Guggenheim reduced their target price on WW International from $12.00 to $6.00 and set a buy rating on the stock in a research report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, WW International has an average rating of Hold and an average target price of $4.50.

WW International Stock Performance

WW International stock opened at $1.66 on Thursday. The firm has a market capitalization of $132.35 million, a price-to-earnings ratio of -0.36 and a beta of 1.72. WW International has a fifty-two week low of $0.67 and a fifty-two week high of $12.58. The stock’s fifty day moving average is $0.90 and its two-hundred day moving average is $1.31.

WW International (NASDAQ:WW) last posted its earnings results on Thursday, August 1st. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.16). The business had revenue of $202.07 million during the quarter, compared to the consensus estimate of $210.89 million. During the same quarter last year, the business earned ($0.04) earnings per share. As a group, sell-side analysts forecast that WW International will post -0.13 EPS for the current fiscal year.

Insider Transactions at WW International

In other news, CEO Sima Sistani acquired 65,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were bought at an average cost of $0.75 per share, for a total transaction of $48,750.00. Following the acquisition, the chief executive officer now directly owns 267,410 shares in the company, valued at $200,557.50. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 8.12% of the company’s stock.

Institutional Investors Weigh In On WW International

Several hedge funds have recently modified their holdings of the stock. Marshall Wace LLP raised its holdings in shares of WW International by 159.9% during the 2nd quarter. Marshall Wace LLP now owns 260,400 shares of the company’s stock valued at $305,000 after buying an additional 160,200 shares during the period. BNP Paribas Financial Markets grew its stake in WW International by 229.7% during the 1st quarter. BNP Paribas Financial Markets now owns 113,427 shares of the company’s stock valued at $210,000 after purchasing an additional 79,026 shares in the last quarter. Empirical Capital Management LLC acquired a new stake in WW International during the 1st quarter valued at approximately $185,000. Finally, SG Americas Securities LLC grew its stake in WW International by 52.1% during the 1st quarter. SG Americas Securities LLC now owns 47,409 shares of the company’s stock valued at $88,000 after purchasing an additional 16,244 shares in the last quarter. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

About WW International

WW International, Inc provides weight management products and services worldwide. It offers a range of nutritional, activity, behavioral, and lifestyle tools and approaches products and services. The company also provides various digital subscription products to wellness and weight management business, which provide interactive and personalized resources that allow users to follow its weight management program through its app and web-based platform; and allows members to inspire and support each other by sharing their experiences with other people on weight health journeys.