WW International (NASDAQ:WW) Director Acquires $22,215.04 in Stock

WW International, Inc. (NASDAQ:WW) Director Eugene Davis purchased 1,648 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were bought at an average cost of $13.48 per share, for a total transaction of $22,215.04. Following the completion of the transaction, the director directly owned 11,648 shares in the company, valued at $157,015.04. This trade represents a 16.48% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.

WW International Stock Performance

Shares of WW opened at $16.62 on Friday. The business’s 50-day moving average is $12.19 and its two-hundred day moving average is $20.38. The company has a market capitalization of $166.18 million, a P/E ratio of -2.87 and a beta of 1.30. WW International, Inc. has a fifty-two week low of $8.36 and a fifty-two week high of $46.95.

WW International (NASDAQ:WW) last announced its quarterly earnings results 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 business had revenue of $168.26 million during the quarter, compared to the consensus estimate of $149.80 million. Analysts forecast that WW International, Inc. will post -0.06 EPS for the current year.

Hedge Funds Weigh In On WW International

Institutional investors and hedge funds have recently modified their holdings of the business. Claret Asset Management Corp purchased a new position in shares of WW International in the 3rd quarter valued at about $280,000. Tudor Investment Corp ET AL purchased a new position in shares of WW International in the 3rd quarter valued at about $528,000. Ameriprise Financial Inc. purchased a new position in shares of WW International in the 3rd quarter valued at about $623,000. Quinn Opportunity Partners LLC purchased a new position in shares of WW International in the 4th quarter valued at about $1,010,000. Finally, Marshall Wace LLP purchased a new position in shares of WW International in the 4th quarter valued at about $1,108,000. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on WW shares. Zacks Research raised WW International from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Wall Street Zen downgraded WW International from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 9th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce”.

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.