WW International (NASDAQ:WW) Stock Lifted to Hold by Wall Street Zen

Key Points

• Wall Street Zen upgraded WW International from “sell” to “hold,” while analysts’ overall consensus remains “Hold” with an average price target of $25. Northland Securities initiated coverage with an “outperform” rating and a $25 target.
• WW opened at $14.74, with a 52-week range of $8.36 to $38.38 and a market capitalization of approximately $147.4 million. The stock trades below its 50-day moving average of $15.57.
• The company beat quarterly expectations, reporting $1.41 in earnings per share versus a $0.48 consensus estimate and revenue of $162.32 million versus $159.13 million expected. Institutional investors own 86.18% of the outstanding shares.

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

A number of other research analysts also recently commented on the company. Northland Securities initiated coverage on WW International in a research note on Friday. They set an "outperform" rating and a $25.00 price objective for the company. Weiss Ratings cut WW International from a "sell (d)" rating to a "sell (d-)" rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $25.00.

WW International Stock Performance

WW International stock opened at $14.74 on Friday. WW International has a 1 year low of $8.36 and a 1 year high of $38.38. The firm's 50-day moving average is $15.57 and its 200-day moving average is $14.74. The company has a market cap of $147.39 million, a P/E ratio of -2.55 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 for the quarter, topping the consensus estimate of $0.48 by $0.93. The business had revenue of $162.32 million for the quarter, compared to analyst estimates of $159.13 million. As a group, sell-side analysts predict that WW International will post -0.06 earnings per share for the current year.

Institutional Investors Weigh In On WW International

A number of hedge funds have recently made changes to their positions in WW. Bank of New York Mellon Corp bought a new position in WW International in the 2nd quarter worth approximately $279,000. Cygnus Capital Advisors LLC increased its position in WW International by 96.1% in the 2nd quarter. Cygnus Capital Advisors LLC now owns 388,655 shares of the company's stock valued at $6,211,000 after acquiring an additional 190,440 shares during the period. Finally, Cooper Creek Partners Management LLC raised its stake in WW International by 50.1% during 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 in the last quarter. Institutional investors own 86.18% of the company's stock.

About WW International

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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