WW International (NASDAQ:WW) Director Purchases $126,300.00 in Stock

WW International, Inc. (NASDAQ:WW) Director Eugene Davis bought 10,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average price of $12.63 per share, for a total transaction of $126,300.00. Following the completion of the transaction, the director owned 10,000 shares in the company, valued at $126,300. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

WW International Price Performance

WW opened at $16.62 on Friday. WW International, Inc. has a 12 month low of $8.36 and a 12 month high of $46.95. The stock has a market cap of $166.18 million, a P/E ratio of -2.87 and a beta of 1.30. The stock’s 50 day moving average price is $12.19 and its 200 day moving average price is $20.38.

WW International (NASDAQ:WW) last issued its quarterly 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 firm had revenue of $168.26 million during the quarter, compared to the consensus estimate of $149.80 million. Equities analysts anticipate that WW International, Inc. will post -0.06 EPS for the current year.

Wall Street Analyst Weigh In

WW has been the topic of several research analyst reports. Zacks Research upgraded WW International from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Wall Street Zen cut 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

Institutional Trading of WW International

Several hedge funds and other institutional investors have recently modified their holdings of WW. Cooper Creek Partners Management LLC boosted its position in shares of WW International by 50.1% in the first quarter. Cooper Creek Partners Management LLC now owns 975,419 shares of the company’s stock worth $13,402,000 after buying an additional 325,434 shares during the period. Invesco Senior Secured Management Inc. ADV acquired a new stake in shares of WW International in the fourth quarter worth $4,989,000. Mount Lucas Management LP acquired a new stake in shares of WW International in the third quarter worth $1,094,000. Marshall Wace LLP acquired a new stake in shares of WW International in the fourth quarter worth $1,108,000. Finally, Quinn Opportunity Partners LLC acquired a new stake in shares of WW International in the fourth quarter worth $1,010,000. 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.