WW International (NASDAQ:WW) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of WW International (NASDAQ:WW) from a sell rating to a hold rating in a research report sent to investors on Friday.

A number of other equities analysts have also commented on WW. Morgan Stanley lowered shares of WW International from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $6.50 to $1.25 in a research report on Friday, July 26th. Barclays restated an “underweight” rating and issued a $0.75 price target on shares of WW International in a research report on Thursday, October 10th. UBS Group reduced their price target 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. Finally, Guggenheim reduced their target price on shares of WW International from $12.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $4.50.

WW International Price Performance

Shares of WW International stock traded down $0.17 during trading on Friday, hitting $0.86. 9,594,014 shares of the company’s stock traded hands, compared to its average volume of 5,664,278. The firm’s fifty day moving average price is $1.01 and its 200 day moving average price is $1.23. WW International has a twelve month low of $0.67 and a twelve month high of $9.77. The company has a market cap of $68.34 million, a PE ratio of -0.15 and a beta of 1.69.

WW International (NASDAQ:WW) last issued its earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.19. The business had revenue of $192.89 million for the quarter, compared to analyst estimates of $188.49 million. As a group, equities research analysts anticipate that WW International will post -0.12 earnings per share for the current year.

Institutional Investors Weigh In On WW International

A number of institutional investors and hedge funds have recently modified their holdings of WW. Marshall Wace LLP raised its stake in shares of WW International by 159.9% during the second quarter. Marshall Wace LLP now owns 260,400 shares of the company’s stock worth $305,000 after buying an additional 160,200 shares during the last quarter. Empirical Capital Management LLC bought a new stake in shares of WW International in the 1st quarter valued at $185,000. BNP Paribas Financial Markets raised its stake in 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 buying an additional 79,026 shares during the period. Prism Advisors Inc. raised its stake in WW International by 110.0% during the 3rd quarter. Prism Advisors Inc. now owns 42,000 shares of the company’s stock worth $37,000 after buying an additional 22,000 shares during the period. Finally, SG Americas Securities LLC raised its stake in WW International by 52.1% during the 1st 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 during the period. 86.18% of the stock is owned by institutional investors.

WW International Company Profile

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.