Insider Buying: WW International (NASDAQ:WW) Director Buys 1,648 Shares of Stock

WW International, Inc. (NASDAQ:WW) Director Eugene Davis bought 1,648 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average cost of $13.48 per share, for a total transaction of $22,215.04. Following the completion of the purchase, the director directly owned 11,648 shares of the company’s stock, valued at $157,015.04. The trade was a 16.48% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

WW International Price Performance

WW traded up $1.31 on Wednesday, hitting $15.15. The company had a trading volume of 445,888 shares, compared to its average volume of 346,572. WW International, Inc. has a 52-week low of $8.36 and a 52-week high of $46.95. The stock has a fifty day simple moving average of $12.38 and a 200-day simple moving average of $20.65. The firm has a market capitalization of $151.48 million, a P/E ratio of -2.62 and a beta of 1.30.

WW International (NASDAQ:WW) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($5.20) EPS for the quarter, missing the consensus estimate of ($0.85) by ($4.35). The business had revenue of $168.26 million for the quarter, compared to analyst estimates of $149.80 million. Equities research analysts expect that WW International, Inc. will post -0.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On WW International

A number of large investors have recently added to or reduced their stakes in WW. Mount Lucas Management LP bought a new stake in WW International in the 3rd quarter worth approximately $1,094,000. Claret Asset Management Corp bought a new stake in shares of WW International during the 3rd quarter valued at $280,000. Cooper Creek Partners Management LLC bought a new stake in shares of WW International during the 3rd quarter valued at $3,336,000. Ameriprise Financial Inc. bought a new stake in shares of WW International during the 3rd quarter valued at $623,000. Finally, Tudor Investment Corp ET AL bought a new stake in shares of WW International during the 3rd quarter valued at $528,000. Institutional investors own 86.18% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on WW shares. Zacks Research upgraded shares of WW International from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Wall Street Zen lowered shares of WW International from a “sell” rating to a “strong sell” rating in a report on Saturday, May 9th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

About WW International

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.