WW International (NASDAQ:WW) CEO Stephen Bye Purchases 12,500 Shares of Stock

WW International, Inc. (NASDAQ:WW) CEO Stephen Bye acquired 12,500 shares of WW International stock in a transaction dated Tuesday, November 10th. The shares were bought at an average cost of $11.01 per share, with a total value of $137,625.00. Following the completion of the purchase, the chief executive officer owned 12,500 shares in the company, valued at approximately $137,625. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

WW International Stock Up 9.6%

Shares of NASDAQ WW opened at $12.02 on Wednesday. The stock’s fifty day simple moving average is $14.69 and its 200 day simple moving average is $15.83. The stock has a market capitalization of $120.19 million, a price-to-earnings ratio of -2.08 and a beta of 1.67. WW International, Inc. has a 52-week low of $8.36 and a 52-week high of $35.25.

WW International (NASDAQ:WW) last announced its earnings results on Thursday, November 5th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $0.63 by $0.88. The company had revenue of $152.90 million for the quarter, compared to analysts’ expectations of $152.33 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

Institutional investors and hedge funds have recently modified their holdings of the business. Cooper Creek Partners Management LLC raised its position in WW International by 50.1% during the first quarter. Cooper Creek Partners Management LLC now owns 975,419 shares of the company’s stock valued at $13,402,000 after buying an additional 325,434 shares during the period. Cygnus Capital Advisors LLC lifted its stake in WW International by 96.1% in the 2nd quarter. Cygnus Capital Advisors LLC now owns 388,655 shares of the company’s stock worth $6,211,000 after acquiring an additional 190,440 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in WW International during the 2nd quarter worth about $279,000. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of WW International in a research report on Tuesday, November 3rd. Northland Securities started coverage on shares of WW International in a report on Friday, October 2nd. They set an “outperform” rating and a $25.00 price target on the stock. Finally, Wall Street Zen upgraded shares of WW International from a “sell” rating to a “hold” rating in a research report on Saturday, October 3rd. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $25.00.

WW International Company Profile

WW International, Inc., formerly known as Weight Watchers, is a global wellness company focused on helping people manage their weight and improve their overall health. The company provides personalized programs built around nutrition, physical activity, behavior change and lifestyle support. WW’s offerings have historically included digital subscriptions, personalized meal and activity guidance, health and wellness content, mobile applications, virtual coaching and community-based support. The company has also operated in-person workshops and has expanded its services to include clinical weight-management support, including access to prescription-based treatment through its digital health platform.