WW International (NASDAQ:WW) Stock Breaks Above Two Hundred Day Moving Average - What's Next?

Key Points

• WW International shares moved above their 200-day moving average, reaching $15.13 before closing at $15.03, compared with a 200-day average of $14.88.
• Analyst sentiment remains negative: one analyst rates the stock Hold and another Sell, giving WW an overall MarketBeat rating of “Reduce.”
• The company exceeded quarterly expectations, reporting $1.41 in earnings per share versus the $0.48 consensus estimate and revenue of $162.32 million, slightly above forecasts.

WW International, Inc. (NASDAQ:WW - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $14.88 and traded as high as $15.13. WW International shares last traded at $15.03, with a volume of 485,741 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on WW shares. Wall Street Zen lowered WW International from a "hold" rating to a "sell" rating in a report on Saturday, September 19th. Weiss Ratings downgraded WW International from a "sell (d)" rating to a "sell (d-)" rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, WW International currently has an average rating of "Reduce".

WW International Price Performance

The firm's 50-day simple moving average is $15.49 and its 200 day simple moving average is $14.88. The firm has a market capitalization of $150.28 million, a price-to-earnings ratio of -2.60 and a beta of 1.73.

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

Institutional Trading of WW International

Several large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new position in WW International during the second quarter worth about $279,000. Cygnus Capital Advisors LLC lifted its holdings in shares of WW International by 96.1% in the second 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 boosted its stake 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 valued at $13,402,000 after purchasing an additional 325,434 shares in the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

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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