WW International (NASDAQ:WW) Shares Gap Down - Here's What Happened

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.

Shares of WW International, Inc. (NASDAQ:WW - Get Free Report) gapped down prior to trading 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 trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have commented on WW shares. Morgan Stanley reaffirmed an "equal weight" rating and set a $45.00 price target on shares of WW International in a research report on Friday. Wall Street Zen began coverage on shares of WW International in a report on Friday, May 16th. They set a "hold" rating for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $13.19.

WW International Trading Down 2.0%

The business's 50 day moving average price is $14.83 and its two-hundred day moving average price is $5.51. The stock has a market cap of $3.74 billion, a P/E ratio of -7.10 and a beta of 1.30.

WW International (NASDAQ:WW - Get Free Report) last posted 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 company had revenue of $186.57 million for the quarter, compared to analyst estimates of $178.53 million. As a group, analysts expect that WW International, Inc. will post -0.06 earnings per share for the current year.

Institutional Trading of WW International

An institutional investor recently bought a new position 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 filing with the SEC. The fund 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 reporting period. 86.18% of the stock is currently 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.