WW International (NASDAQ:WW – Get Free Report) was upgraded by Wall Street Zen from a “strong sell” rating to a “hold” rating in a report issued on Saturday.
Separately, Weiss Ratings lowered shares of WW International from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.
Check Out Our Latest Report on WW
WW International Price Performance
WW International (NASDAQ:WW – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.93. The firm had revenue of $162.32 million for the quarter, compared to the consensus estimate of $159.13 million. As a group, sell-side analysts expect that WW International will post -0.06 EPS for the current year.
Insider Transactions at WW International
In related news, Director Eugene I. Davis bought 10,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were purchased at an average cost of $14.73 per share, for a total transaction of $147,300.00. Following the acquisition, the director owned 21,648 shares of the company’s stock, valued at approximately $318,875.04. This represents a 85.85% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Over the last three months, insiders purchased 23,148 shares of company stock worth $314,835. 0.39% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp acquired a new stake in shares of WW International during the second quarter worth $279,000. Cooper Creek Partners Management LLC increased its holdings in WW International by 50.1% during the 1st quarter. Cooper Creek Partners Management LLC now owns 975,419 shares of the company’s stock worth $13,402,000 after purchasing an additional 325,434 shares in the last quarter. Invesco Senior Secured Management Inc. ADV acquired a new stake in shares of WW International in the 4th quarter valued at about $4,989,000. Marshall Wace LLP bought a new stake in shares of WW International in the fourth quarter valued at about $1,108,000. Finally, Quinn Opportunity Partners LLC bought a new stake in shares of WW International in the fourth quarter valued at about $1,010,000. Institutional investors and hedge funds own 86.18% of the company’s stock.
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.
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