StockNews.com Upgrades WW International (NASDAQ:WW) to Hold

StockNews.com upgraded shares of WW International (NASDAQ:WW) from a sell rating to a hold rating in a research report released on Wednesday morning.

A number of other research firms also recently commented on WW. DA Davidson reaffirmed a buy rating and issued a $12.50 target price on shares of WW International in a research report on Thursday, March 14th. The Goldman Sachs Group reaffirmed a buy rating on shares of WW International in a research report on Thursday, February 1st. UBS Group dropped their target price on shares of WW International from $9.00 to $3.00 and set a neutral rating on the stock in a research report on Thursday, February 29th. 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. Finally, Barclays dropped their target price 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $9.14.

WW International Price Performance

Shares of NASDAQ:WW opened at $1.66 on Wednesday. WW International has a 52 week low of $1.56 and a 52 week high of $13.31. The company’s 50 day moving average is $2.44 and its two-hundred day moving average is $5.55.

WW International (NASDAQ:WW) last announced 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 business had revenue of $205.96 million for the quarter, compared to the consensus estimate of $205.95 million. As a group, research analysts forecast that WW International will post -0.06 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Brevan Howard Capital Management LP lifted its stake in shares of WW International by 627.0% in the 4th quarter. Brevan Howard Capital Management LP now owns 292,500 shares of the company’s stock worth $2,559,000 after acquiring an additional 252,267 shares during the period. Barometer Capital Management Inc. lifted its stake 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 acquiring an additional 31,600 shares during the period. Black Swift Group LLC acquired a new stake in shares of WW International in the 3rd quarter worth $1,273,000. Russell Investments Group Ltd. acquired a new stake in shares of WW International in the 4th quarter worth $993,000. Finally, SG Americas Securities LLC lifted its stake in shares of WW International by 9.4% in the 4th quarter. SG Americas Securities LLC now owns 31,165 shares of the company’s stock worth $273,000 after acquiring an additional 2,681 shares during the period. 86.18% of the stock is owned by hedge funds and other institutional investors.

WW International Company Profile

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.