Morgan Stanley Reaffirms Equal Weight Rating for WW International (NASDAQ:WW)

Key Points

• Morgan Stanley has reaffirmed an "equal weight" rating for WW International, with a price target of $45.00, indicating a potential upside of 9.49% based on the stock's previous close.
• WW International's recent earnings report showed a loss of ($0.47) earnings per share for the quarter, missing expectations, but revenue surpassed analyst predictions at $186.57 million.
• A hedge fund has recently acquired a new stake in WW International, purchasing 100,000 shares valued at approximately $127,000, reflecting strong institutional investor interest in the company.

WW International (NASDAQ:WW - Get Free Report)'s stock had its "equal weight" rating restated by equities research analysts at Morgan Stanley in a report released on Friday,Benzinga reports.

Separately, Wall Street Zen assumed coverage on WW International in a research report on Friday, May 16th. They issued a "hold" rating for the company.

WW International Stock Down 2.5%

Shares of NASDAQ:WW traded down $1.04 during midday trading on Friday, reaching $40.61. The company's stock had a trading volume of 126,951 shares, compared to its average volume of 331,850. WW International has a 1 year low of $23.01 and a 1 year high of $46.95. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of -7.01 and a beta of 1.30. The business has a 50 day moving average price of $17.40 and a 200 day moving average price of $6.42.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in WW International stock. Quinn Opportunity Partners LLC bought a new position in shares of WW International, Inc. (NASDAQ:WW - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 100,000 shares of the company's stock, valued at approximately $127,000. Quinn Opportunity Partners LLC owned 0.13% of WW International at the end of the most recent quarter. 86.18% of the stock is owned by institutional investors.

WW International Company Profile

WW International, Inc provides weight management products and services worldwide. It offers a range of nutritional, activity, behavioral, and lifestyle tools and approaches products and services. The company also provides various digital subscription products to wellness and weight management business, which provide interactive and personalized resources that allow users to follow its weight management program through its app and web-based platform; and allows members to inspire and support each other by sharing their experiences with other people on weight health journeys.