WW International (NASDAQ:WW) Shares Gap Up - Still a Buy?

Key Points

• WW International shares gapped up, opening at $39.50 after closing at $38.01, but last traded at $38.29 with a trading volume of 26,710 shares.
• Analysts gave WW International a consensus "Hold" rating, with one buy and one sell rating, and a price target of $2.25.
• In its recent earnings report, WW International reported an EPS of ($0.47), missing expectations, while revenue was $186.57 million, surpassing estimates.
• Institutional investors hold 86.18% of WW International's stock, with Quinn Opportunity Partners recently acquiring 100,000 shares valued at approximately $127,000.

WW International, Inc. (NASDAQ:WW - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $38.01, but opened at $39.50. WW International shares last traded at $38.29, with a volume of 26,710 shares changing hands.

Analysts Set New Price Targets

Separately, Wall Street Zen initiated coverage on WW International in a research report on Friday, May 16th. They set a "hold" rating for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $2.25.

WW International Stock Performance

The company has a 50-day moving average of $10.72 and a 200-day moving average of $4.14. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of -6.61 and a beta of 1.30.

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

Institutional Investors Weigh In On WW International

A hedge fund recently bought a new stake in WW International stock. Quinn Opportunity Partners LLC purchased a new stake in shares of WW International, Inc. (NASDAQ:WW - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 100,000 shares of the company's stock, valued at approximately $127,000. Quinn Opportunity Partners LLC owned about 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.

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.

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