WW International (NASDAQ:WW) Shares Pass Above 200 Day Moving Average - What's Next?

Key Points

• WW International shares moved above their 200-day moving average of $15.23, reaching $16.75 before trading at $16.10, up 0.4%.
• Analyst sentiment remains negative: Wall Street Zen downgraded the stock to “sell,” Weiss Ratings lowered its rating further, and the consensus rating is “Reduce.”
• The company exceeded quarterly expectations, reporting $1.41 in earnings per share versus a $0.48 estimate and $162.32 million in revenue versus $159.13 million expected. Institutional investors own 86.18% of the stock, with several hedge funds recently increasing their positions.

WW International, Inc. (NASDAQ:WW - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.23 and traded as high as $16.75. WW International shares last traded at $16.10, with a volume of 275,761 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WW. Wall Street Zen cut WW International from a "hold" rating to a "sell" rating in a report on Saturday. Weiss Ratings downgraded WW International from a "sell (d)" rating to a "sell (d-)" rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, WW International presently has a consensus rating of "Reduce".

WW International Stock Up 0.4%

The firm has a market capitalization of $160.98 million, a PE ratio of -2.78 and a beta of 1.73. The company has a 50-day moving average of $15.44 and a 200 day moving average of $15.23.

WW International (NASDAQ:WW - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.41 earnings per share for the quarter, beating 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 anticipate that WW International, Inc. will post -0.06 EPS for the current fiscal year.

Institutional Investors Weigh In On WW International

Several hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp purchased a new position in WW International in the 2nd quarter worth approximately $279,000. Cygnus Capital Advisors LLC increased 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 buying an additional 190,440 shares during the last quarter. Finally, Cooper Creek Partners Management LLC raised its position in shares of 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 buying an additional 325,434 shares in the last quarter. 86.18% of the stock is currently owned by institutional investors.

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.

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.