WW International (NASDAQ:WW) Price Target Lowered to $6.00 at DA Davidson

WW International (NASDAQ:WW) had its price objective decreased by equities research analysts at DA Davidson from $12.50 to $6.00 in a report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price objective points to a potential upside of 187.08% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Guggenheim reiterated a “buy” rating and issued a $12.00 target price on shares of WW International in a report on Monday, March 18th. StockNews.com cut WW International from a “hold” rating to a “sell” rating in a research note on Wednesday. UBS Group reduced their price target on shares of WW International from $3.00 to $2.10 and set a “neutral” rating for the company in a research report on Thursday, April 25th. The Goldman Sachs Group reissued a “buy” rating on shares of WW International in a research report on Thursday, February 1st. Finally, Barclays lowered their target price on WW International from $8.00 to $1.50 and set an “underweight” rating on the stock in a research note on Friday, March 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $8.09.

WW International Price Performance

NASDAQ:WW traded up $0.20 during mid-day trading on Friday, reaching $2.09. The stock had a trading volume of 7,014,149 shares, compared to its average volume of 5,851,077. The stock has a 50-day simple moving average of $2.19 and a two-hundred day simple moving average of $5.17. The stock has a market capitalization of $165.55 million, a PE ratio of -1.31 and a beta of 1.75. WW International has a 12 month low of $1.51 and a 12 month high of $13.31.

WW International (NASDAQ:WW) last posted its quarterly earnings results on Wednesday, February 28th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.07). The business had revenue of $205.96 million for the quarter, compared to analysts’ expectations of $205.95 million. Equities analysts expect that WW International will post -0.06 EPS for the current year.

Hedge Funds Weigh In On WW International

A number of hedge funds have recently modified their holdings of WW. Connectus Wealth LLC bought a new position in shares of WW International in the 4th quarter worth approximately $127,000. Raymond James Trust N.A. purchased a new stake in WW International in the fourth quarter worth $175,000. Advisors Preferred LLC purchased a new position in WW International during the third quarter valued at $268,000. SG Americas Securities LLC bought a new stake in shares of WW International during the 3rd quarter valued at $315,000. Finally, BNP Paribas Financial Markets grew its position in shares of WW International by 229.7% in the 1st quarter. BNP Paribas Financial Markets now owns 113,427 shares of the company’s stock worth $210,000 after buying an additional 79,026 shares during the period. Hedge funds and other institutional investors own 86.18% of the company’s stock.

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.