WW International (NASDAQ:WW) Upgraded at Zacks Research

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

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of WW International in a research note on Friday, January 9th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, WW International presently has an average rating of “Reduce”.

WW International Price Performance

WW opened at $18.27 on Monday. The company has a 50 day simple moving average of $22.73 and a two-hundred day simple moving average of $26.62. The firm has a market cap of $182.46 million, a P/E ratio of -3.16 and a beta of 1.30. WW International has a 1-year low of $17.85 and a 1-year high of $46.95.

WW International (NASDAQ:WW) last announced its quarterly earnings data on Monday, March 16th. The company reported ($0.58) EPS for the quarter, beating the consensus estimate of ($0.94) by $0.36. The firm had revenue of $161.45 million for the quarter, compared to the consensus estimate of $149.80 million. Equities analysts anticipate that WW International will post -0.06 earnings per share for the current year.

Institutional Trading of WW International

A number of institutional investors and hedge funds have recently bought and sold shares of WW. Covestor Ltd purchased a new stake in WW International in the 3rd quarter worth $101,000. Geode Capital Management LLC lifted its position in shares of WW International by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 113,610 shares of the company’s stock worth $3,321,000 after buying an additional 4,251 shares in the last quarter. Claret Asset Management Corp purchased a new stake in shares of WW International in the third quarter worth about $280,000. Tudor Investment Corp ET AL bought a new position in WW International during the third quarter valued at approximately $528,000. Finally, Ameriprise Financial Inc. bought a new position in WW International during the third quarter valued at approximately $623,000. 86.18% of the stock is currently 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.