Northland Securities Begins Coverage on WW International (NASDAQ:WW)

Key Points

• Northland Securities initiated coverage of WW International with an “outperform” rating and a $25 price target, implying approximately 71% upside from the previous close.
• Analyst sentiment remains mixed: WW has a consensus “Hold” rating from three analysts, with one Buy, one Hold, and one Sell recommendation; the average price target is $25.
• WW reported quarterly earnings of $1.41 per share, beating the $0.48 consensus estimate, while revenue of $162.32 million also exceeded expectations. Institutional investors own 86.18% of the company.

Analysts at Northland Securities initiated coverage on shares of WW International (NASDAQ:WW - Get Free Report) in a report released on Friday, Marketbeat Ratings reports. The brokerage set an "outperform" rating and a $25.00 price target on the stock. Northland Securities' target price suggests a potential upside of 70.93% from the company's previous close.

Other equities research analysts also recently issued research reports about the company. Wall Street Zen downgraded WW International from a "hold" rating to a "sell" rating in a research report on Saturday, September 19th. Weiss Ratings lowered shares of WW International from a "sell (d)" rating to a "sell (d-)" rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $25.00.

WW International Stock Performance

WW International stock traded up $0.91 during midday trading on Friday, hitting $14.63. 18,147 shares of the company's stock were exchanged, compared to its average volume of 288,174. The company has a market cap of $146.25 million, a PE ratio of -2.51 and a beta of 1.73. The firm has a 50-day moving average of $15.54 and a two-hundred day moving average of $14.74. WW International has a 12 month low of $8.36 and a 12 month high of $38.38.

WW International (NASDAQ:WW - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.93. The business had revenue of $162.32 million during the quarter, compared to analysts' expectations of $159.13 million. As a group, equities analysts expect that WW International will post -0.06 earnings per share for the current year.

Institutional Trading of WW International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new stake in shares of WW International during the 2nd quarter worth about $279,000. Cygnus Capital Advisors LLC lifted its position in shares of WW International by 96.1% during the 2nd quarter. Cygnus Capital Advisors LLC now owns 388,655 shares of the company's stock valued at $6,211,000 after buying an additional 190,440 shares in the last quarter. Finally, Cooper Creek Partners Management LLC grew its stake in WW International by 50.1% in the 1st quarter. Cooper Creek Partners Management LLC now owns 975,419 shares of the company's stock valued at $13,402,000 after acquiring an additional 325,434 shares during the period. Institutional investors and hedge funds own 86.18% of the company's stock.

WW International Company Profile

WW International, formerly known as Weight Watchers International, is a global wellness company focused on weight management, healthy living and behavior change. The company provides personalized programs designed to help members improve nutrition, physical activity and other lifestyle habits through digital tools, guidance and community support.

Its offerings have historically included subscription-based access to a points-based food and activity program, mobile applications, meal and recipe resources, educational content, virtual coaching and in-person workshops.

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