WW International (NASDAQ:WW) Raised to “Hold” at Wall Street Zen

WW International (NASDAQ:WW) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Several other research analysts have also recently issued reports on WW. Weiss Ratings cut shares of WW International from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. Northland Securities began coverage on shares of WW International in a report on Friday. They set an “outperform” rating and a $25.00 price target for the company. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, WW International currently has a consensus rating of “Hold” and an average target price of $25.00.

WW International Price Performance

NASDAQ WW opened at $14.74 on Friday. The company has a 50-day simple moving average of $15.57 and a two-hundred day simple moving average of $14.69. WW International has a 12-month low of $8.36 and a 12-month high of $38.38. The firm has a market cap of $147.39 million, a price-to-earnings ratio of -2.55 and a beta of 1.73.

WW International (NASDAQ:WW) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.93. The company had revenue of $162.32 million for the quarter, compared to the consensus estimate of $159.13 million. Equities analysts expect that WW International will post -0.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On WW International

Several institutional investors and hedge funds have recently bought and sold shares of WW. Bank of New York Mellon Corp bought a new stake in shares of WW International in the 2nd quarter worth approximately $279,000. Cygnus Capital Advisors LLC raised its holdings in shares of WW International by 96.1% during the second quarter. Cygnus Capital Advisors LLC now owns 388,655 shares of the company’s stock valued at $6,211,000 after acquiring an additional 190,440 shares in the last quarter. Finally, Cooper Creek Partners Management LLC raised its holdings in shares of WW International by 50.1% during the first quarter. Cooper Creek Partners Management LLC now owns 975,419 shares of the company’s stock valued at $13,402,000 after acquiring an additional 325,434 shares in the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

WW International Company Profile

WW International, formerly known as Weight Watchers International, is a global wellness company focused on weight management, healthy living and behavior change. The company provides personalized programs designed to help members improve nutrition, physical activity and other lifestyle habits through digital tools, guidance and community support.

Its offerings have historically included subscription-based access to a points-based food and activity program, mobile applications, meal and recipe resources, educational content, virtual coaching and in-person workshops.