WW International (NASDAQ:WW) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded WW International from “strong sell” to “hold,” although Weiss Ratings separately lowered its rating to “sell (d-).” Overall, MarketBeat reports an average analyst rating of “Reduce.”
• WW International shares opened at $18.12, up 7.3%, after the company reported quarterly EPS of $1.41, beating the $0.48 consensus estimate, while revenue of $162.32 million also exceeded expectations.
• Insiders purchased 23,148 shares worth approximately $314,835 over the past 90 days, and institutional investors and hedge funds own 86.18% of the company’s stock.

WW International (NASDAQ:WW - Get Free Report) was upgraded by analysts at Wall Street Zen from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings downgraded WW International from a "sell (d)" rating to a "sell (d-)" rating in a research note on Thursday. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, WW International currently has an average rating of "Reduce".

WW International Stock Up 7.3%

Shares of NASDAQ WW opened at $18.12 on Friday. WW International has a 12 month low of $8.36 and a 12 month high of $41.57. The company has a market cap of $181.18 million, a price-to-earnings ratio of -3.13 and a beta of 1.30. The business has a fifty day simple moving average of $16.26 and a 200-day simple moving average of $16.52.

WW International (NASDAQ:WW - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $1.41 EPS for the quarter, topping the consensus estimate of $0.48 by $0.93. The firm had revenue of $162.32 million during the quarter, compared to analyst estimates of $159.13 million. As a group, sell-side analysts expect that WW International will post -0.06 EPS for the current fiscal year.

Insider Activity

In other news, Director Eugene I. Davis acquired 10,000 shares of the business's stock in a transaction that occurred on Wednesday, May 27th. The stock was acquired at an average cost of $14.73 per share, for a total transaction of $147,300.00. Following the completion of the acquisition, the director owned 21,648 shares in the company, valued at approximately $318,875.04. The trade was a 85.85% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 23,148 shares of company stock worth $314,835 in the last ninety days. 0.39% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new stake in shares of WW International during the 2nd quarter valued at about $279,000. Tudor Investment Corp ET AL bought a new stake in WW International in the third quarter worth approximately $528,000. Ameriprise Financial Inc. bought a new stake in WW International in the third quarter worth $623,000. Quinn Opportunity Partners LLC bought a new stake in WW International in the fourth quarter worth $1,010,000. Finally, Marshall Wace LLP acquired a new position in WW International during the fourth quarter worth $1,108,000. 86.18% of the stock is owned by institutional investors and hedge funds.

About WW International

WW International, Inc NASDAQ: WW is a global wellness and weight management company that provides a range of subscription-based programs, digital tools and personalized coaching services. Originally founded in 1963 by Jean Nidetch as a small support group in New York City, the company grew into the well-known Weight Watchers brand before rebranding as WW in 2018 to reflect an expanded focus on overall health, fitness and nutrition. Over the years, WW has introduced innovations such as the SmartPoints® system, which assigns values to foods based on their nutritional composition, and the MyWW® personalized wellness plan, which tailors recommendations to individual lifestyles and goals.

WW's offerings span digital and in-person channels.

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