Eugene Davis Acquires 1,648 Shares of WW International (NASDAQ:WW) Stock

WW International, Inc. (NASDAQ:WW) Director Eugene Davis bought 1,648 shares of the stock in a transaction on Tuesday, May 26th. The shares were bought at an average price of $13.48 per share, for a total transaction of $22,215.04. Following the purchase, the director directly owned 11,648 shares in the company, valued at approximately $157,015.04. This trade represents a 16.48% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

WW International Stock Performance

WW opened at $17.10 on Friday. The stock has a market capitalization of $170.98 million, a P/E ratio of -2.95 and a beta of 1.30. The company’s 50-day simple moving average is $12.22 and its two-hundred day simple moving average is $20.41. WW International, Inc. has a 52-week low of $8.36 and a 52-week high of $46.95.

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

Analyst Upgrades and Downgrades

WW has been the subject of several research reports. Zacks Research raised shares of WW International from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Wall Street Zen lowered shares of WW International from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 9th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Institutional Investors Weigh In On WW International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Claret Asset Management Corp purchased a new stake in WW International in the 3rd quarter worth approximately $280,000. Tudor Investment Corp ET AL purchased a new stake in WW International in the 3rd quarter worth approximately $528,000. Ameriprise Financial Inc. purchased a new stake in WW International in the 3rd quarter worth approximately $623,000. Quinn Opportunity Partners LLC purchased a new stake in WW International in the 4th quarter worth approximately $1,010,000. Finally, Marshall Wace LLP purchased a new stake in WW International in the 4th quarter worth approximately $1,108,000. 86.18% of the stock is owned by hedge funds and other institutional investors.

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.