WW International (NASDAQ:WW) Director Buys $147,300.00 in Stock

WW International, Inc. (NASDAQ:WW) Director Eugene Davis acquired 10,000 shares of the stock in a transaction dated Wednesday, May 27th. The stock was bought at an average price of $14.73 per share, for a total transaction of $147,300.00. Following the completion of the purchase, the director owned 21,648 shares in the company, valued at approximately $318,875.04. This trade represents a 85.85% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

WW International Stock Performance

Shares of WW stock traded up $1.31 during trading hours on Wednesday, hitting $15.15. The company had a trading volume of 442,402 shares, compared to its average volume of 346,572. WW International, Inc. has a 12 month low of $8.36 and a 12 month high of $46.95. The firm has a market capitalization of $151.48 million, a price-to-earnings ratio of -2.62 and a beta of 1.30. The firm’s fifty day moving average is $12.38 and its 200 day moving average is $20.65.

WW International (NASDAQ:WW) last released its quarterly earnings data 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 firm had revenue of $168.26 million during the quarter, compared to the consensus estimate of $149.80 million. On average, sell-side analysts expect that WW International, Inc. will post -0.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WW has been the topic of several research analyst reports. Zacks Research upgraded WW International from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Wall Street Zen cut WW International from a “sell” rating to a “strong sell” rating in a report on Saturday, May 9th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, WW International currently has an average rating of “Reduce”.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Mount Lucas Management LP bought a new position in WW International in the 3rd quarter valued at $1,094,000. Claret Asset Management Corp bought a new position in WW International in the 3rd quarter valued at $280,000. Tudor Investment Corp ET AL bought a new position in WW International in the 3rd quarter valued at $528,000. Cooper Creek Partners Management LLC boosted its position in WW International by 50.1% in the 1st quarter. Cooper Creek Partners Management LLC now owns 975,419 shares of the company’s stock valued at $13,402,000 after buying an additional 325,434 shares during the last quarter. Finally, Ameriprise Financial Inc. bought a new position in WW International in the 3rd quarter valued at $623,000. 86.18% of the stock is currently owned by institutional investors.

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.