Investors Buy Large Volume of WW International Call Options (NASDAQ:WW)

WW International, Inc. (NASDAQ:WW) was the target of unusually large options trading on Tuesday. Investors acquired 5,355 call options on the company. This represents an increase of 62% compared to the typical daily volume of 3,311 call options.

WW International Stock Performance

Shares of WW stock opened at $1.19 on Wednesday. WW International has a 1 year low of $0.67 and a 1 year high of $9.65. The firm has a market capitalization of $95.04 million, a PE ratio of -0.21 and a beta of 1.73. The stock has a fifty day moving average of $1.19 and a two-hundred day moving average of $1.10.

Hedge Funds Weigh In On WW International

A number of institutional investors and hedge funds have recently bought and sold shares of WW. Prism Advisors Inc. lifted its position in WW International by 110.0% in the third quarter. Prism Advisors Inc. now owns 42,000 shares of the company’s stock worth $37,000 after purchasing an additional 22,000 shares during the period. Marshall Wace LLP raised its stake in shares of WW International by 159.9% in the 2nd quarter. Marshall Wace LLP now owns 260,400 shares of the company’s stock worth $305,000 after buying an additional 160,200 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of WW International by 14.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,014,475 shares of the company’s stock worth $891,000 after buying an additional 130,180 shares in the last quarter. Institutional investors own 86.18% of the company’s stock.

Wall Street Analysts Forecast Growth

WW has been the topic of several analyst reports. Barclays reaffirmed an “underweight” rating and issued a $0.75 target price on shares of WW International in a research report on Thursday, October 10th. StockNews.com raised shares of WW International from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $4.50.

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.