WW International (NASDAQ:WW) Stock Breaks Above 200-Day Moving Average – Here’s Why

WW International, Inc. (NASDAQ:WW)’s stock price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $14.88 and traded as high as $15.13. WW International shares last traded at $15.03, with a volume of 485,741 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wall Street Zen downgraded WW International from a “hold” rating to a “sell” rating in a report on Saturday, September 19th. Weiss Ratings downgraded shares of WW International from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

WW International Trading Down 6.1%

The firm’s 50-day simple moving average is $15.53 and its 200 day simple moving average is $14.84. The stock has a market cap of $160.48 million, a P/E ratio of -2.77 and a beta of 1.73.

WW International (NASDAQ:WW) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.93. The business had revenue of $162.32 million for the quarter, compared to the consensus estimate of $159.13 million. On average, analysts anticipate that WW International, Inc. will post -0.06 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp acquired a new position in shares of WW International during the second quarter valued at $279,000. Cygnus Capital Advisors LLC raised its stake in shares of WW International by 96.1% during the second quarter. Cygnus Capital Advisors LLC now owns 388,655 shares of the company’s stock valued at $6,211,000 after purchasing an additional 190,440 shares in the last quarter. Finally, Cooper Creek Partners Management LLC lifted its holdings in 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 purchasing an additional 325,434 shares during the period. Institutional investors own 86.18% of the company’s stock.

About WW International

WW International, formerly known as Weight Watchers International, is a global wellness company focused on weight management, healthy living and behavior change. The company provides personalized programs designed to help members improve nutrition, physical activity and other lifestyle habits through digital tools, guidance and community support.

Its offerings have historically included subscription-based access to a points-based food and activity program, mobile applications, meal and recipe resources, educational content, virtual coaching and in-person workshops.