WW International (NASDAQ:WW) Director Buys $55,150.00 in Stock

WW International, Inc. (NASDAQ:WW) Director Lisa Gavales acquired 5,000 shares of WW International stock in a transaction on Tuesday, November 10th. The shares were bought at an average cost of $11.03 per share, for a total transaction of $55,150.00. Following the completion of the purchase, the director directly owned 5,000 shares of the company’s stock, valued at $55,150. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

WW International Stock Up 9.6%

WW traded up $1.05 during trading on Tuesday, reaching $12.02. The company had a trading volume of 271,141 shares, compared to its average volume of 276,510. WW International, Inc. has a 52 week low of $8.36 and a 52 week high of $35.25. The stock has a market cap of $120.19 million, a P/E ratio of -2.08 and a beta of 1.67. The business has a 50 day simple moving average of $14.78 and a 200-day simple moving average of $15.88.

WW International (NASDAQ:WW) last released its quarterly earnings results on Thursday, November 5th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.88. The firm had revenue of $152.90 million for the quarter, compared to analysts’ expectations of $152.33 million. As a group, equities research analysts expect that WW International, Inc. will post -0.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp purchased a new stake in WW International in the second quarter valued at about $279,000. Cygnus Capital Advisors LLC grew its stake in shares of WW International by 96.1% during the second quarter. Cygnus Capital Advisors LLC now owns 388,655 shares of the company’s stock worth $6,211,000 after acquiring an additional 190,440 shares during the last quarter. Finally, Cooper Creek Partners Management LLC grew its stake in shares of WW International by 50.1% during the first 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. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WW has been the topic of several research analyst reports. Northland Securities began coverage on WW International in a research note on Friday, October 2nd. They issued an “outperform” rating and a $25.00 price objective on the stock. Wall Street Zen upgraded WW International from a “sell” rating to a “hold” rating in a report on Saturday, October 3rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of WW International in a research note on Tuesday, November 3rd. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $25.00.

About WW International

WW International, Inc., formerly known as Weight Watchers, is a global wellness company focused on helping people manage their weight and improve their overall health. The company provides personalized programs built around nutrition, physical activity, behavior change and lifestyle support. WW’s offerings have historically included digital subscriptions, personalized meal and activity guidance, health and wellness content, mobile applications, virtual coaching and community-based support. The company has also operated in-person workshops and has expanded its services to include clinical weight-management support, including access to prescription-based treatment through its digital health platform.