DA Davidson Analysts Boost Earnings Estimates for WW International, Inc. (NASDAQ:WW)

WW International, Inc. (NASDAQ:WW) – DA Davidson boosted their FY2024 earnings per share estimates for shares of WW International in a report released on Monday, May 6th. DA Davidson analyst L. Weiser now anticipates that the company will earn $0.12 per share for the year, up from their previous estimate of ($0.02). DA Davidson currently has a “Buy” rating and a $6.00 target price on the stock. The consensus estimate for WW International’s current full-year earnings is ($0.03) per share.

A number of other analysts also recently commented on the stock. Barclays dropped their price target on shares of WW International from $8.00 to $1.50 and set an “underweight” rating on the stock in a research report on Friday, March 1st. The Goldman Sachs Group reaffirmed a “buy” rating on shares of WW International in a report on Thursday, February 1st. StockNews.com downgraded WW International from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. UBS Group dropped their price target on WW International from $3.00 to $2.10 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $12.00 target price on shares of WW International in a research report on Monday, March 18th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $8.09.

WW International Stock Performance

Shares of NASDAQ:WW opened at $2.09 on Wednesday. The firm’s 50 day moving average is $2.11 and its two-hundred day moving average is $4.90. WW International has a 52 week low of $1.51 and a 52 week high of $13.31.

WW International (NASDAQ:WW) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). The company had revenue of $205.96 million during the quarter, compared to analysts’ expectations of $205.95 million.

Hedge Funds Weigh In On WW International

A number of hedge funds have recently made changes to their positions in the business. Brevan Howard Capital Management LP grew its position in WW International by 627.0% in the fourth quarter. Brevan Howard Capital Management LP now owns 292,500 shares of the company’s stock valued at $2,559,000 after acquiring an additional 252,267 shares during the period. Barometer Capital Management Inc. grew its holdings in shares of WW International by 16.7% in the 4th quarter. Barometer Capital Management Inc. now owns 220,300 shares of the company’s stock worth $1,928,000 after purchasing an additional 31,600 shares during the last quarter. Black Swift Group LLC acquired a new stake in shares of WW International during the 3rd quarter worth about $1,273,000. Russell Investments Group Ltd. bought a new position in WW International during the 4th quarter valued at about $993,000. Finally, BNP Paribas Financial Markets boosted its position in WW International by 229.7% in the first quarter. BNP Paribas Financial Markets now owns 113,427 shares of the company’s stock valued at $210,000 after buying an additional 79,026 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

About WW International

WW International, Inc provides weight management products and services worldwide. It offers a range of nutritional, activity, behavioral, and lifestyle tools and approaches products and services. The company also provides various digital subscription products to wellness and weight management business, which provide interactive and personalized resources that allow users to follow its weight management program through its app and web-based platform; and allows members to inspire and support each other by sharing their experiences with other people on weight health journeys.