WW International (NASDAQ:WW) Price Target Cut to $2.10 by Analysts at UBS Group

WW International (NASDAQ:WW) had its target price reduced by equities researchers at UBS Group from $3.00 to $2.10 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential upside of 31.25% from the company’s previous close.

Several other research analysts have also weighed in on WW. StockNews.com raised shares of WW International from a “sell” rating to a “hold” rating in a research note on Wednesday. DA Davidson reissued a “buy” rating and issued a $12.50 price objective on shares of WW International in a research report on Thursday, March 14th. Guggenheim restated a “buy” rating and set a $12.00 target price on shares of WW International in a report on Monday, March 18th. Barclays lowered their target price on shares of WW International from $8.00 to $1.50 and set an “underweight” rating on the stock in a report on Friday, March 1st. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of WW International in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $9.01.

WW International Stock Down 3.6 %

Shares of WW traded down $0.06 during mid-day trading on Thursday, hitting $1.60. 2,322,162 shares of the company’s stock were exchanged, compared to its average volume of 5,946,003. WW International has a twelve month low of $1.51 and a twelve month high of $13.31. The firm has a fifty day moving average of $2.44 and a two-hundred day moving average of $5.55. The stock has a market cap of $126.74 million, a price-to-earnings ratio of -0.98 and a beta of 1.77.

WW International (NASDAQ:WW) last announced its earnings results on Wednesday, February 28th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). The company had revenue of $205.96 million for the quarter, compared to analyst estimates of $205.95 million. On average, equities analysts predict that WW International will post -0.06 earnings per share for the current year.

Institutional Investors Weigh In On WW International

Several large investors have recently made changes to their positions in WW. SG Americas Securities LLC bought a new stake in shares of WW International during the 3rd quarter valued at about $315,000. Black Swift Group LLC purchased a new position in shares of WW International during the third quarter valued at approximately $1,273,000. Advisors Preferred LLC purchased a new position in shares of WW International during the third quarter valued at approximately $268,000. Barometer Capital Management Inc. grew its stake in WW International by 64.7% in the third quarter. Barometer Capital Management Inc. now owns 188,700 shares of the company’s stock worth $2,089,000 after purchasing an additional 74,100 shares during the period. Finally, Raymond James Trust N.A. bought a new position in WW International in the fourth quarter worth $175,000. 86.18% of the stock is owned by hedge funds and other institutional investors.

About WW International

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.