Wall Street Zen cut shares of WW International (NASDAQ:WW – Free Report) from a hold rating to a sell rating in a report published on Saturday,Wall Street Zen reports.
Separately, Weiss Ratings lowered shares of WW International from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.
Get Our Latest Stock Analysis on WW International
WW International Price Performance
WW International (NASDAQ:WW – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.93. The company had revenue of $162.32 million during the quarter, compared to analysts’ expectations of $159.13 million. On average, equities analysts anticipate that WW International will post -0.06 earnings per share for the current fiscal year.
Institutional Investors Weigh In On WW International
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp acquired a new stake in shares of WW International during the 2nd quarter worth about $279,000. Cygnus Capital Advisors LLC raised its stake in shares of WW International by 96.1% in the 2nd quarter. Cygnus Capital Advisors LLC now owns 388,655 shares of the company’s stock valued at $6,211,000 after acquiring an additional 190,440 shares during the period. Finally, Cooper Creek Partners Management LLC lifted its holdings in shares of WW International by 50.1% in the 1st quarter. Cooper Creek Partners Management LLC now owns 975,419 shares of the company’s stock worth $13,402,000 after acquiring an additional 325,434 shares during the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.
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.
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