Insider Buying: WW International (NASDAQ:WW) Director Purchases $147,300.00 in Stock

WW International, Inc. (NASDAQ:WW) Director Eugene Davis purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were bought at an average cost of $14.73 per share, for a total transaction of $147,300.00. Following the acquisition, the director owned 21,648 shares of the company’s stock, valued at approximately $318,875.04. The trade was a 85.85% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

WW International Stock Down 2.8%

NASDAQ WW opened at $16.62 on Friday. 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 price is $12.19 and its 200 day moving average price is $20.38. The firm has a market cap of $166.18 million, a P/E ratio of -2.87 and a beta of 1.30.

WW International (NASDAQ:WW) last released its quarterly 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 company had revenue of $168.26 million during the quarter, compared to analysts’ expectations of $149.80 million. As a group, analysts anticipate that WW International, Inc. will post -0.06 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Cooper Creek Partners Management LLC raised its position in shares of WW International by 50.1% during the 1st quarter. Cooper Creek Partners Management LLC now owns 975,419 shares of the company’s stock worth $13,402,000 after purchasing an additional 325,434 shares during the last quarter. Invesco Senior Secured Management Inc. ADV acquired a new position in shares of WW International during the 4th quarter worth approximately $4,989,000. Marshall Wace LLP acquired a new position in shares of WW International during the 4th quarter worth approximately $1,108,000. Quinn Opportunity Partners LLC acquired a new position in shares of WW International during the 4th quarter worth approximately $1,010,000. Finally, Geode Capital Management LLC raised its position in shares of WW International by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 113,610 shares of the company’s stock worth $3,321,000 after purchasing an additional 4,251 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WW. Zacks Research raised WW International from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Wall Street Zen lowered WW International from a “sell” rating to a “strong sell” rating in a report on Saturday, May 9th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

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.