WW International (NASDAQ:WW) Rating Increased to Hold at Zacks Research

WW International (NASDAQ:WW) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of WW International in a report on Friday, January 9th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, WW International presently has an average rating of “Reduce”.

WW International Stock Performance

WW stock opened at $18.27 on Monday. The company has a market cap of $182.46 million, a price-to-earnings ratio of -3.16 and a beta of 1.30. The business’s 50-day moving average is $22.73 and its two-hundred day moving average is $26.62. WW International has a fifty-two week low of $17.85 and a fifty-two week high of $46.95.

WW International (NASDAQ:WW) last released its quarterly earnings results on Monday, March 16th. The company reported ($0.58) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.94) by $0.36. The firm had revenue of $161.45 million for the quarter, compared to the consensus estimate of $149.80 million. Equities analysts predict that WW International will post -0.06 earnings per share for the current year.

Hedge Funds Weigh In On WW International

Several institutional investors and hedge funds have recently bought and sold shares of WW. Covestor Ltd purchased a new stake in WW International in the third quarter worth about $101,000. Geode Capital Management LLC raised its stake in shares of WW International by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 113,610 shares of the company’s stock worth $3,321,000 after buying an additional 4,251 shares during the period. Claret Asset Management Corp purchased a new position in shares of WW International during the 3rd quarter valued at about $280,000. Tudor Investment Corp ET AL purchased a new position in shares of WW International during the 3rd quarter valued at about $528,000. Finally, Ameriprise Financial Inc. bought a new position in shares of WW International during the 3rd quarter valued at approximately $623,000. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

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.