Insider Buying: WW International (NASDAQ:WW) CEO Acquires $137,625.00 in Stock

Key Points

• CEO Stephen Bye bought 12,500 WW shares at an average of $11.01 each, investing $137,625; the purchase was disclosed in an SEC filing.
• WW shares rose 9.6% to $12.02 in Tuesday trading. The company also reported quarterly EPS of $1.51, beating the $0.63 consensus estimate, while revenue slightly exceeded forecasts.
• Analyst views were mixed, with one Buy, one Hold, and one Sell rating; the consensus rating was Hold, with a $25 price target.

WW International, Inc. (NASDAQ:WW - Get Free Report) CEO Stephen Bye purchased 12,500 shares of WW International stock in a transaction on Tuesday, November 10th. The stock was bought at an average price of $11.01 per share, with a total value of $137,625.00. Following the completion of the acquisition, the chief executive officer directly owned 12,500 shares of the company's stock, valued at approximately $137,625. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

WW International Stock Up 9.6%

WW traded up $1.05 during midday trading on Tuesday, hitting $12.02. The company had a trading volume of 271,141 shares, compared to its average volume of 276,510. WW International, Inc. has a 52 week low of $8.36 and a 52 week high of $35.25. The company has a market capitalization of $120.19 million, a price-to-earnings ratio of -2.08 and a beta of 1.67. The stock's 50 day moving average price is $14.78 and its 200 day moving average price is $15.88.

WW International (NASDAQ:WW - Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.88. The company had revenue of $152.90 million for the quarter, compared to analyst estimates of $152.33 million. Research analysts predict that WW International, Inc. will post -0.06 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of WW International in a report on Tuesday, November 3rd. Wall Street Zen upgraded WW International from a "sell" rating to a "hold" rating in a report on Saturday, October 3rd. Finally, Northland Securities initiated coverage on WW International in a report on Friday, October 2nd. They set an "outperform" rating and a $25.00 price objective for the company. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $25.00.

Institutional Investors Weigh In On WW International

Several hedge funds and other institutional investors have recently made changes to their positions in the business. 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. Cooper Creek Partners Management LLC lifted its position 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 in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in WW International during the 2nd quarter valued at about $279,000. 86.18% of the stock is owned by institutional investors.

About WW International

WW International, Inc., formerly known as Weight Watchers, is a global wellness company focused on helping people manage their weight and improve their overall health. The company provides personalized programs built around nutrition, physical activity, behavior change and lifestyle support. WW's offerings have historically included digital subscriptions, personalized meal and activity guidance, health and wellness content, mobile applications, virtual coaching and community-based support. The company has also operated in-person workshops and has expanded its services to include clinical weight-management support, including access to prescription-based treatment through its digital health platform.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.