WW International (NASDAQ:WW) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen downgraded shares of WW International (NASDAQ:WW) from a sell rating to a strong sell rating in a research report sent to investors on Saturday.

WW has been the subject of several other research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of WW International in a research note on Friday, January 9th. Zacks Research upgraded shares of WW International from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

WW International Stock Performance

NASDAQ WW opened at $9.99 on Friday. The firm has a 50-day simple moving average of $14.86 and a 200 day simple moving average of $22.36. WW International has a twelve month low of $8.36 and a twelve month high of $46.95. The stock has a market cap of $99.89 million, a PE ratio of -1.73 and a beta of 1.30.

WW International (NASDAQ:WW) last released its earnings results on Thursday, May 7th. The company reported ($5.20) earnings per share for the quarter, missing the consensus estimate of ($0.85) by ($4.35). The company had revenue of $168.26 million for the quarter, compared to analyst estimates of $149.80 million. Research analysts forecast that WW International will post -0.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On WW International

Several institutional investors and hedge funds have recently made changes to their positions in the company. Covestor Ltd bought a new stake in WW International in the 3rd quarter valued at $101,000. Mount Lucas Management LP bought a new stake in WW International in the 3rd quarter valued at $1,094,000. Claret Asset Management Corp bought a new stake in WW International in the 3rd quarter valued at $280,000. Cooper Creek Partners Management LLC bought a new stake in WW International in the 3rd quarter valued at $3,336,000. Finally, Ameriprise Financial Inc. bought a new stake in WW International in the 3rd quarter valued at $623,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

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.