WW International (NASDAQ:WW) Earns Equal Weight Rating from Morgan Stanley

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 reaffirmed by research analysts at Morgan Stanley in a research report issued on Friday,Benzinga reports.

Separately, Wall Street Zen began coverage on shares of WW International in a research note on Friday, May 16th. They set a "hold" rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $2.58.

WW International Trading Up 1.6%

NASDAQ:WW traded up $0.68 during trading hours on Friday, hitting $42.99. 295,648 shares of the stock were exchanged, compared to its average volume of 324,481. The company has a market cap of $3.88 billion, a P/E ratio of -7.42 and a beta of 1.30. The firm's fifty day moving average price is $14.83 and its 200 day moving average price is $5.51. WW International has a 52-week low of $23.01 and a 52-week high of $46.95.

WW International (NASDAQ:WW - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.21). The firm had revenue of $186.57 million during the quarter, compared to analyst estimates of $178.53 million. Equities analysts expect that WW International will post -0.06 EPS for the current fiscal year.

Hedge Funds Weigh In On WW International

A hedge fund recently bought a new stake in WW International stock. Quinn Opportunity Partners LLC bought a new stake in WW International, Inc. (NASDAQ:WW - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & 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 currently owned by institutional investors and hedge funds.

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.