WW International (NASDAQ:WW) Shares Gap Down - Should You Sell?

Key Points

• WW International's shares gapped down from a previous close of $41.96 to an opening price of $40.07, and last traded at $40.92, indicating a trading decline of 6.4%.
• The company reported earnings of ($0.47) per share, missing consensus estimates, while its revenue for the quarter was $186.57 million, surpassing expectations.
• An institutional investor, Quinn Opportunity Partners LLC, has acquired 100,000 shares of WW International, highlighting continued interest from larger investors.

WW International, Inc. (NASDAQ:WW - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $41.96, but opened at $40.07. WW International shares last traded at $40.92, with a volume of 33,003 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Morgan Stanley restated an "equal weight" rating on shares of WW International in a research report on Friday. Wall Street Zen assumed coverage on WW International in a research report on Friday, May 16th. They issued a "hold" rating for the company. One equities research 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. According to data from MarketBeat, WW International currently has a consensus rating of "Hold" and a consensus target price of $2.58.

WW International Trading Up 1.6%

The stock has a market capitalization of $3.88 billion, a P/E ratio of -7.42 and a beta of 1.30. The stock has a 50 day moving average of $15.68 and a 200-day moving average of $5.80.

WW International (NASDAQ:WW - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.21). The business had revenue of $186.57 million during the quarter, compared to the consensus estimate of $178.53 million. Research analysts anticipate that WW International, Inc. will post -0.06 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in WW International stock. Quinn Opportunity Partners LLC acquired a new position in WW International, Inc. (NASDAQ:WW - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 100,000 shares of the company's stock, valued at approximately $127,000. Quinn Opportunity Partners LLC owned approximately 0.13% of WW International at the end of the most recent reporting period. 86.18% of the stock is currently owned by institutional investors and hedge funds.

About WW International

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.