WW International (NASDAQ:WW) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

WW International, Inc. (NASDAQ:WW)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $19.44 and traded as high as $20.00. WW International shares last traded at $18.41, with a volume of 245,617 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wall Street Zen lowered shares of WW International from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of WW International in a research report on Wednesday, June 17th. Finally, Zacks Research upgraded WW International from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, WW International currently has an average rating of “Reduce”.

WW International Price Performance

The firm has a market cap of $175.48 million, a price-to-earnings ratio of -3.03 and a beta of 1.30. The firm has a 50 day moving average price of $13.41 and a 200-day moving average price of $19.38.

WW International (NASDAQ:WW) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($5.20) EPS for the quarter, missing the consensus estimate of ($0.85) by ($4.35). The firm had revenue of $168.26 million for the quarter, compared to the consensus estimate of $149.80 million. On average, sell-side analysts expect that WW International, Inc. will post -0.06 EPS for the current fiscal year.

Insider Activity

In related news, Director Eugene I. Davis purchased 10,000 shares of the stock in a transaction dated Wednesday, May 27th. The stock was bought at an average cost of $14.73 per share, with a total value of $147,300.00. Following the purchase, the director directly owned 21,648 shares in the company, valued at $318,875.04. The trade was a 85.85% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. In the last three months, insiders bought 23,148 shares of company stock worth $314,835. 0.39% of the stock is currently owned by insiders.

Institutional Trading of WW International

A number of large investors have recently made changes to their positions in WW. Mount Lucas Management LP bought a new stake in WW International during the 3rd quarter worth approximately $1,094,000. Claret Asset Management Corp acquired a new stake in shares of WW International in the 3rd quarter valued at approximately $280,000. Cooper Creek Partners Management LLC bought a new position in shares of WW International in the 3rd quarter valued at about $3,336,000. Ameriprise Financial Inc. acquired a new position in WW International during the third quarter worth approximately $623,000. Finally, Tudor Investment Corp ET AL acquired a new position in shares of WW International during the 3rd quarter worth approximately $528,000. Institutional investors own 86.18% of the company’s stock.

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.