WW International (NASDAQ:WW) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• WW International shares moved above their 200-day moving average, reaching $16.93 before last trading at $16.27, compared with the average of $15.72.
• Analyst sentiment remains cautious: two analysts rate the stock Hold and one rates it Sell, resulting in a consensus rating of “Reduce.”
• The company exceeded quarterly expectations, reporting $1.41 in EPS versus $0.48 expected and revenue of $162.32 million versus $159.13 million forecast. Institutional investors own 86.18% of the stock.

WW International, Inc. (NASDAQ:WW - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $15.72 and traded as high as $16.93. WW International shares last traded at $16.27, with a volume of 155,997 shares.

Analysts Set New Price Targets

WW has been the subject of a number of research reports. Wall Street Zen upgraded shares of WW International from a "strong sell" rating to a "hold" rating in a report on Saturday, August 8th. Weiss Ratings lowered shares of WW International from a "sell (d)" rating to a "sell (d-)" rating in a report on Thursday, August 6th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Reduce".

WW International Trading Down 2.5%

The firm has a market cap of $162.68 million, a P/E ratio of -2.81 and a beta of 1.30. The company's 50-day moving average is $15.40 and its two-hundred day moving average is $15.72.

WW International (NASDAQ:WW - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.41 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 the consensus estimate of $159.13 million. Research analysts anticipate that WW International, Inc. will post -0.06 EPS for the current fiscal year.

Institutional Investors Weigh In On WW International

A number of institutional investors and hedge funds have recently bought and sold shares of WW. Cooper Creek Partners Management LLC boosted its holdings 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 worth $13,402,000 after acquiring an additional 325,434 shares during the last quarter. Invesco Senior Secured Management Inc. ADV bought a new stake in shares of WW International in the 4th quarter worth $4,989,000. Marshall Wace LLP purchased a new stake in shares of WW International in the fourth quarter valued at about $1,108,000. Quinn Opportunity Partners LLC purchased a new stake in shares of WW International in the fourth quarter valued at about $1,010,000. Finally, Ameriprise Financial Inc. bought a new position in shares of WW International during the third quarter valued at about $623,000. 86.18% of the stock is owned by hedge funds and other institutional investors.

WW International Company Profile

WW International, Inc NASDAQ: WW is a global wellness and weight management company that provides a range of subscription-based programs, digital tools and personalized coaching services. Originally founded in 1963 by Jean Nidetch as a small support group in New York City, the company grew into the well-known Weight Watchers brand before rebranding as WW in 2018 to reflect an expanded focus on overall health, fitness and nutrition. Over the years, WW has introduced innovations such as the SmartPoints® system, which assigns values to foods based on their nutritional composition, and the MyWW® personalized wellness plan, which tailors recommendations to individual lifestyles and goals.

WW's offerings span digital and in-person channels.

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