Eugene Davis Buys 10,000 Shares of WW International (NASDAQ:WW) Stock

WW International, Inc. (NASDAQ:WW) Director Eugene Davis purchased 10,000 shares of WW International stock in a transaction dated Wednesday, May 27th. The shares were acquired at an average cost of $14.73 per share, with a total value of $147,300.00. Following the transaction, the director directly owned 21,648 shares in the company, valued at approximately $318,875.04. The trade was a 85.85% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

WW International Stock Up 12.9%

NASDAQ WW opened at $17.10 on Friday. WW International, Inc. has a 52 week low of $8.36 and a 52 week high of $46.95. The firm has a market capitalization of $170.98 million, a P/E ratio of -2.95 and a beta of 1.30. The company has a 50-day moving average price of $12.22 and a 200-day moving average price of $20.41.

WW International (NASDAQ:WW) last released its quarterly earnings results on Thursday, May 7th. The company reported ($5.20) EPS for the quarter, missing the consensus estimate of ($0.85) by ($4.35). The firm had revenue of $168.26 million for the quarter, compared to analysts’ expectations of $149.80 million. As a group, equities research analysts anticipate that WW International, Inc. will post -0.06 EPS for the current year.

Institutional Investors Weigh In On WW International

A number of institutional investors have recently added to or reduced their stakes in WW. Claret Asset Management Corp purchased a new stake in WW International during the 3rd quarter valued at approximately $280,000. Tudor Investment Corp ET AL purchased a new stake in WW International during the 3rd quarter valued at approximately $528,000. Ameriprise Financial Inc. purchased a new stake in WW International during the 3rd quarter valued at approximately $623,000. Quinn Opportunity Partners LLC purchased a new stake in WW International during the 4th quarter valued at approximately $1,010,000. Finally, Mount Lucas Management LP purchased a new stake in WW International during the 3rd quarter valued at approximately $1,094,000. 86.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WW has been the subject of several analyst reports. Zacks Research raised shares of WW International from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Wall Street Zen cut shares of WW International from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 9th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce”.

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.