WW International (NASDAQ:WW) Cut to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen downgraded WW International from “hold” to “sell,” while Weiss Ratings also lowered its rating; analysts’ average view is “Reduce.”
• WW International reported quarterly EPS of $1.41, exceeding the $0.48 consensus estimate, while revenue of $162.32 million also topped expectations.
• Institutional investors own 86.18% of the company, with several funds increasing their holdings during the latest reported quarters.

WW International (NASDAQ:WW - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings lowered WW International from a "sell (d)" rating to a "sell (d-)" rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Reduce".

WW International Trading Up 0.4%

WW stock opened at $16.10 on Friday. The firm has a 50-day moving average price of $15.44 and a 200-day moving average price of $15.23. WW International has a 12 month low of $8.36 and a 12 month high of $38.38. The stock has a market capitalization of $160.98 million, a P/E ratio of -2.78 and a beta of 1.73.

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

Institutional Trading of WW International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new position in shares of WW International during the second quarter valued at about $279,000. Cygnus Capital Advisors LLC raised its holdings in shares of WW International by 96.1% in the 2nd quarter. Cygnus Capital Advisors LLC now owns 388,655 shares of the company's stock worth $6,211,000 after acquiring an additional 190,440 shares during the last quarter. Finally, Cooper Creek Partners Management LLC raised its holdings in shares of WW International by 50.1% in the 1st quarter. Cooper Creek Partners Management LLC now owns 975,419 shares of the company's stock worth $13,402,000 after acquiring an additional 325,434 shares during the last quarter. Institutional investors 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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