WW International (NASDAQ:WW) Raised to Hold at StockNews.com

WW International (NASDAQ:WW) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

Other analysts have also issued research reports about the stock. Guggenheim reduced their target price on shares of WW International from $12.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. UBS Group reduced their price objective on shares of WW International from $2.10 to $1.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Morgan Stanley lowered shares of WW International from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $6.50 to $1.25 in a research note on Friday, July 26th. Finally, Barclays restated an “underweight” rating and issued a $0.75 target price on shares of WW International in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $4.50.

WW International Stock Down 16.8 %

WW stock traded down $0.17 during mid-day trading on Friday, reaching $0.86. 9,585,503 shares of the company traded hands, compared to its average volume of 5,664,278. The firm’s 50 day moving average price is $1.01 and its 200 day moving average price is $1.24. The stock has a market cap of $68.34 million, a price-to-earnings ratio of -0.15 and a beta of 1.69. WW International has a fifty-two week low of $0.67 and a fifty-two week high of $9.77.

WW International (NASDAQ:WW) last announced its earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.19. The company had revenue of $192.89 million for the quarter, compared to analysts’ expectations of $188.49 million. On average, analysts anticipate that WW International will post -0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On WW International

A number of hedge funds have recently modified their holdings of the stock. Prism Advisors Inc. raised its stake in WW International by 110.0% in the 3rd quarter. Prism Advisors Inc. now owns 42,000 shares of the company’s stock valued at $37,000 after acquiring an additional 22,000 shares during the period. SG Americas Securities LLC increased its stake in shares of WW International by 52.1% in the first quarter. SG Americas Securities LLC now owns 47,409 shares of the company’s stock worth $88,000 after purchasing an additional 16,244 shares in the last quarter. Empirical Capital Management LLC bought a new stake in shares of WW International in the first quarter valued at approximately $185,000. BNP Paribas Financial Markets raised its position in shares of WW International by 229.7% in the first quarter. BNP Paribas Financial Markets now owns 113,427 shares of the company’s stock valued at $210,000 after purchasing an additional 79,026 shares during the period. Finally, Marshall Wace LLP lifted its stake in shares of WW International by 159.9% during the 2nd quarter. Marshall Wace LLP now owns 260,400 shares of the company’s stock valued at $305,000 after buying an additional 160,200 shares in the last quarter. Institutional investors own 86.18% of the company’s stock.

WW International Company Profile

WW International, Inc provides weight management products and services worldwide. It offers a range of nutritional, activity, behavioral, and lifestyle tools and approaches products and services. The company also provides various digital subscription products to wellness and weight management business, which provide interactive and personalized resources that allow users to follow its weight management program through its app and web-based platform; and allows members to inspire and support each other by sharing their experiences with other people on weight health journeys.