StockNews.com Upgrades WW International (NASDAQ:WW) to “Hold”

WW International (NASDAQ:WW) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Several other brokerages also recently issued reports on WW. DA Davidson reiterated a “buy” rating and set a $12.50 price target on shares of WW International in a report on Thursday, March 14th. Barclays reduced their price objective on WW International from $8.00 to $1.50 and set an “underweight” rating for the company in a research note on Friday, March 1st. Guggenheim restated a “buy” rating and issued a $12.00 price objective on shares of WW International in a research note on Monday, March 18th. The Goldman Sachs Group restated a “buy” rating on shares of WW International in a research note on Thursday, February 1st. Finally, UBS Group reduced their price objective on WW International from $9.00 to $3.00 and set a “neutral” rating for the company in a research note on Thursday, February 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $9.01.

WW International Stock Down 4.2 %

Shares of NASDAQ:WW opened at $1.59 on Wednesday. WW International has a twelve month low of $1.51 and a twelve month high of $13.31. The stock’s 50 day moving average is $2.38 and its 200-day moving average is $5.52. The firm has a market capitalization of $125.94 million, a price-to-earnings ratio of -0.99 and a beta of 1.77.

WW International (NASDAQ:WW) last issued its earnings results on Wednesday, February 28th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). The firm had revenue of $205.96 million during the quarter, compared to the consensus estimate of $205.95 million. Equities research analysts anticipate that WW International will post -0.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Brevan Howard Capital Management LP lifted its holdings in WW International by 627.0% during the 4th quarter. Brevan Howard Capital Management LP now owns 292,500 shares of the company’s stock worth $2,559,000 after purchasing an additional 252,267 shares in the last quarter. Barometer Capital Management Inc. lifted its holdings in WW International by 16.7% during the 4th quarter. Barometer Capital Management Inc. now owns 220,300 shares of the company’s stock worth $1,928,000 after purchasing an additional 31,600 shares in the last quarter. Black Swift Group LLC purchased a new stake in WW International during the 3rd quarter worth about $1,273,000. Russell Investments Group Ltd. purchased a new stake in WW International during the 4th quarter worth about $993,000. Finally, SG Americas Securities LLC lifted its holdings in WW International by 9.4% during the 4th quarter. SG Americas Securities LLC now owns 31,165 shares of the company’s stock worth $273,000 after purchasing an additional 2,681 shares in the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

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.