WW International (NASDAQ:WW) Downgraded by Zacks Research to “Strong Sell”

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

Other analysts have also issued reports about the stock. Weiss Ratings restated a “sell (d+)” rating on shares of WW International in a report on Friday, January 9th. Wall Street Zen downgraded WW International from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, WW International presently has an average rating of “Reduce”.

WW International Stock Performance

WW International stock opened at $23.78 on Monday. WW International has a 52 week low of $18.00 and a 52 week high of $46.95. The firm has a market capitalization of $237.49 million, a PE ratio of -4.11 and a beta of 1.30. The business’s 50-day simple moving average is $25.85 and its 200-day simple moving average is $29.10.

Institutional Trading of WW International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Covestor Ltd acquired a new stake in shares of WW International in the 3rd quarter valued at approximately $101,000. Claret Asset Management Corp acquired a new stake in WW International in the third quarter valued at approximately $280,000. Tudor Investment Corp ET AL bought a new stake in shares of WW International during the third quarter worth $528,000. Ameriprise Financial Inc. acquired a new position in shares of WW International during the third quarter worth $623,000. Finally, Mount Lucas Management LP acquired a new position in shares of WW International during the third quarter worth $1,094,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

WW International Company Profile

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.