Zacks Research Downgrades WW International (NASDAQ:WW) to Strong Sell

WW International (NASDAQ:WW) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other research analysts have also issued reports on WW. Weiss Ratings reissued a “sell (d+)” rating on shares of WW International in a research note on Friday, January 9th. Wall Street Zen downgraded WW International from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

WW International Price Performance

Shares of NASDAQ WW opened at $23.78 on Monday. The company has a 50 day simple moving average of $25.85 and a 200 day simple moving average of $29.10. WW International has a 1 year low of $18.00 and a 1 year high of $46.95. The firm has a market cap of $237.49 million, a PE ratio of -4.11 and a beta of 1.30.

Institutional Trading of WW International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WW. Cooper Creek Partners Management LLC purchased a new position in WW International in the third quarter valued at approximately $3,336,000. Mount Lucas Management LP bought a new stake in shares of WW International in the third quarter valued at $1,094,000. Ameriprise Financial Inc. purchased a new position in shares of WW International during the 3rd quarter valued at $623,000. Tudor Investment Corp ET AL bought a new position in shares of WW International during the 3rd quarter worth $528,000. Finally, Claret Asset Management Corp purchased a new stake in WW International in the 3rd quarter worth about $280,000. 86.18% of the stock is owned by institutional investors.

WW International Company Profile

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.