WW International’s (WW) “Underweight” Rating Reiterated at Barclays

WW International (NASDAQ:WW)‘s stock had its “underweight” rating reiterated by Barclays in a note issued to investors on Thursday, Benzinga reports. They currently have a $0.75 price target on the stock. Barclays‘s target price points to a potential downside of 64.13% from the stock’s current price.

WW has been the topic of several other reports. UBS Group reduced their target price on shares of WW International from $2.10 to $1.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Morgan Stanley downgraded WW International from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $6.50 to $1.25 in a research note on Friday, July 26th. Finally, Guggenheim reduced their price objective 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. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $4.50.

WW International Price Performance

WW stock traded up $0.49 during mid-day trading on Thursday, hitting $2.09. 69,125,688 shares of the stock were exchanged, compared to its average volume of 5,485,203. The stock has a market capitalization of $166.70 million, a price-to-earnings ratio of -0.49 and a beta of 1.72. WW International has a 12 month low of $0.67 and a 12 month high of $13.26. The business has a fifty day moving average price of $0.86 and a 200 day moving average price of $1.31.

WW International (NASDAQ:WW) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.16). The business had revenue of $202.07 million during the quarter, compared to analysts’ expectations of $210.89 million. During the same period in the prior year, the firm earned ($0.04) EPS. As a group, equities analysts forecast that WW International will post -0.13 EPS for the current fiscal year.

Insider Transactions at WW International

In other WW International news, CEO Sima Sistani bought 65,000 shares of WW International stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average cost of $0.75 per share, for a total transaction of $48,750.00. Following the acquisition, the chief executive officer now directly owns 267,410 shares in the company, valued at approximately $200,557.50. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 8.12% of the company’s stock.

Hedge Funds Weigh In On WW International

A number of hedge funds have recently added to or reduced their stakes in WW. SG Americas Securities LLC raised its stake in 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 buying an additional 16,244 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of WW International by 229.7% during the 1st quarter. BNP Paribas Financial Markets now owns 113,427 shares of the company’s stock worth $210,000 after acquiring an additional 79,026 shares in the last quarter. Marshall Wace LLP lifted its position in WW International by 159.9% during the second quarter. Marshall Wace LLP now owns 260,400 shares of the company’s stock valued at $305,000 after acquiring an additional 160,200 shares during the last quarter. Finally, Empirical Capital Management LLC purchased a new position in WW International in the first quarter worth $185,000. 86.18% of the stock is currently owned by 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.