WW International (NASDAQ:WW) Director Eugene Davis Buys 10,000 Shares

WW International, Inc. (NASDAQ:WW) Director Eugene Davis acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was bought at an average price of $14.73 per share, with a total value of $147,300.00. Following the completion of the acquisition, the director directly owned 21,648 shares in the company, valued at approximately $318,875.04. This represents a 85.85% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

WW International Trading Up 9.5%

Shares of NASDAQ WW opened at $15.15 on Thursday. WW International, Inc. has a 12 month low of $8.36 and a 12 month high of $46.95. The firm has a market capitalization of $151.48 million, a PE ratio of -2.62 and a beta of 1.30. The firm has a fifty day simple moving average of $12.25 and a two-hundred day simple moving average of $20.52.

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. On average, sell-side analysts predict that WW International, Inc. will post -0.06 earnings per share for the current year.

Hedge Funds Weigh In On WW International

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cooper Creek Partners Management LLC boosted its holdings in shares of WW International by 50.1% in the first quarter. Cooper Creek Partners Management LLC now owns 975,419 shares of the company’s stock worth $13,402,000 after buying an additional 325,434 shares during the last quarter. Invesco Senior Secured Management Inc. ADV bought a new stake in WW International during the 4th quarter worth approximately $4,989,000. Geode Capital Management LLC raised its stake in WW International by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 113,610 shares of the company’s stock worth $3,321,000 after acquiring an additional 4,251 shares during the period. Mount Lucas Management LP bought a new stake in WW International during the 3rd quarter worth approximately $1,094,000. Finally, Marshall Wace LLP bought a new stake in WW International during the 4th quarter worth approximately $1,108,000. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WW. Zacks Research upgraded shares of WW International from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Wall Street Zen downgraded shares of 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.com, WW International currently 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.