Eugene Davis Acquires 10,000 Shares of WW International (NASDAQ:WW) Stock

WW International, Inc. (NASDAQ:WW) Director Eugene Davis acquired 10,000 shares of the stock in a transaction dated Friday, May 22nd. The stock was acquired at an average price of $12.63 per share, with a total value of $126,300.00. Following the completion of the acquisition, the director owned 10,000 shares in the company, valued at approximately $126,300. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

WW International Stock Performance

Shares of WW opened at $17.10 on Friday. The firm has a market cap of $170.98 million, a price-to-earnings ratio of -2.95 and a beta of 1.30. WW International, Inc. has a fifty-two week low of $8.36 and a fifty-two week high of $46.95. The firm has a 50 day moving average price of $12.22 and a 200-day moving average price of $20.41.

WW International (NASDAQ:WW) last issued its 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 company had revenue of $168.26 million for the quarter, compared to the consensus estimate of $149.80 million. As a group, equities research analysts predict that WW International, Inc. will post -0.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wall Street Zen downgraded shares of WW International from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 9th. Zacks Research raised shares of WW International from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Mount Lucas Management LP purchased a new position in WW International during the 3rd quarter valued at $1,094,000. Invesco Senior Secured Management Inc. ADV purchased a new position in WW International during the 4th quarter valued at $4,989,000. Marshall Wace LLP purchased a new position in WW International during the 4th quarter valued at $1,108,000. Quinn Opportunity Partners LLC purchased a new position in WW International during the 4th quarter valued at $1,010,000. Finally, Geode Capital Management LLC increased its position in WW International by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 113,610 shares of the company’s stock valued at $3,321,000 after purchasing an additional 4,251 shares during the period. 86.18% of the stock is owned by hedge funds and other institutional investors.

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.