Insider Buying: WW International (NASDAQ:WW) CFO Purchases $19,020.00 in Stock

WW International, Inc. (NASDAQ:WW) CFO Felicia Dellafortuna bought 1,500 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was purchased at an average cost of $12.68 per share, for a total transaction of $19,020.00. Following the transaction, the chief financial officer owned 1,500 shares of the company’s stock, valued at $19,020. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

WW International Stock Down 2.8%

Shares of NASDAQ WW opened at $16.62 on Friday. The firm has a market cap of $166.18 million, a price-to-earnings ratio of -2.87 and a beta of 1.30. WW International, Inc. has a 52-week low of $8.36 and a 52-week high of $46.95. The business’s 50 day moving average is $12.19 and its two-hundred day moving average is $20.38.

WW International (NASDAQ:WW) last announced its earnings results on Thursday, May 7th. The company reported ($5.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.85) by ($4.35). The business had revenue of $168.26 million during the quarter, compared to the consensus estimate of $149.80 million. Analysts anticipate that WW International, Inc. will post -0.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Zacks Research upgraded shares of WW International from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. 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. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Hedge Funds Weigh In On WW International

Institutional investors and hedge funds have recently modified their holdings of the company. Claret Asset Management Corp acquired a new position in shares of WW International during the third quarter worth $280,000. Tudor Investment Corp ET AL acquired a new position 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. Quinn Opportunity Partners LLC acquired a new position in shares of WW International during the fourth quarter worth $1,010,000. Finally, Marshall Wace LLP acquired a new position in shares of WW International during the fourth quarter worth $1,108,000. Institutional investors and hedge funds 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.