WW International (NASDAQ:WW) Stock: Insider Stephen Bye Buys 12,500 Shares

WW International, Inc. (NASDAQ:WW) CEO Stephen Bye purchased 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The shares were purchased at an average cost of $11.01 per share, with a total value of $137,625.00. Following the completion of the purchase, the chief executive officer owned 12,500 shares in the company, valued at $137,625. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

WW International Trading Up 8.6%

Shares of NASDAQ:WW opened at $13.05 on Thursday. WW International, Inc. has a 12 month low of $8.36 and a 12 month high of $35.25. The company has a market capitalization of $130.49 million, a price-to-earnings ratio of -2.25 and a beta of 1.67. The firm’s 50-day moving average is $14.62 and its 200 day moving average is $15.79.

WW International (NASDAQ:WW) last announced its quarterly earnings data on Thursday, November 5th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.88. The firm had revenue of $152.90 million during the quarter, compared to the consensus estimate of $152.33 million. As a group, equities analysts forecast that WW International, Inc. will post -0.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Cygnus Capital Advisors LLC grew its stake in WW International by 96.1% in the 2nd 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 in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of WW International during the second quarter worth approximately $279,000. Finally, Cooper Creek Partners Management LLC raised 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 valued at $13,402,000 after acquiring an additional 325,434 shares in the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Wall Street Zen raised WW International from a “sell” rating to a “hold” rating in a research note on Saturday, October 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of WW International in a report on Tuesday, November 3rd. Finally, Northland Securities began coverage on WW International in a research report on Friday, October 2nd. They issued an “outperform” rating and a $25.00 price objective on the stock. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, WW International currently has a consensus rating of “Hold” and a consensus price target 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.