WW International (NASDAQ:WW) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of WW International (NASDAQ:WW) from a hold rating to a sell rating in a research note published on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings lowered WW International from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce”.

WW International Stock Performance

NASDAQ WW opened at $16.10 on Friday. The stock has a market capitalization of $160.98 million, a P/E ratio of -2.78 and a beta of 1.73. WW International has a 52 week low of $8.36 and a 52 week high of $38.38. The stock has a fifty day moving average of $15.44 and a 200-day moving average of $15.23.

WW International (NASDAQ:WW) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.93. The firm had revenue of $162.32 million during the quarter, compared to the consensus estimate of $159.13 million. Equities 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 hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp bought a new stake in shares of WW International in the second quarter worth $279,000. Cygnus Capital Advisors LLC boosted its holdings in WW International by 96.1% during the second quarter. Cygnus Capital Advisors LLC now owns 388,655 shares of the company’s stock worth $6,211,000 after purchasing an additional 190,440 shares during the last quarter. Finally, Cooper Creek Partners Management LLC grew its position in WW International by 50.1% in the first quarter. Cooper Creek Partners Management LLC now owns 975,419 shares of the company’s stock valued at $13,402,000 after purchasing an additional 325,434 shares in the last quarter. 86.18% of the stock is owned by institutional investors.

WW International Company Profile

WW International, formerly known as Weight Watchers International, is a global wellness company focused on weight management, healthy living and behavior change. The company provides personalized programs designed to help members improve nutrition, physical activity and other lifestyle habits through digital tools, guidance and community support.

Its offerings have historically included subscription-based access to a points-based food and activity program, mobile applications, meal and recipe resources, educational content, virtual coaching and in-person workshops.