WW International, Inc. (NASDAQ:WW) Receives Average Rating of “Hold” from Analysts

Shares of WW International, Inc. (NASDAQ:WW) have received an average recommendation of “Hold” from the six research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $4.50.

Several research firms have weighed in on WW. Guggenheim lowered their target price on WW International from $12.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. UBS Group decreased their price objective on WW International from $2.10 to $1.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. 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. Finally, Barclays reaffirmed an “underweight” rating and set a $0.75 price objective on shares of WW International in a research note on Thursday, October 10th.

WW International Price Performance

Shares of WW stock opened at $1.57 on Tuesday. The firm has a market capitalization of $125.18 million, a PE ratio of -0.34 and a beta of 1.72. WW International has a 1-year low of $0.67 and a 1-year high of $11.84. The business’s fifty day moving average price is $0.91 and its 200 day moving average price 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. Equities research analysts expect that WW International will post -0.13 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Hedge Funds Weigh In On WW International

A number of large investors have recently modified their holdings of WW. 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. Empirical Capital Management LLC purchased a new stake in shares of WW International during the 1st quarter valued at about $185,000. BNP Paribas Financial Markets raised its holdings in shares of 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 buying an additional 79,026 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of 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 buying an additional 16,244 shares during the period. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

WW International Company Profile

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.