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

WW International, Inc. (NASDAQ:WW – Get Rating) – Investment analysts at DA Davidson cut their Q2 2023 earnings per share (EPS) estimates for WW International in a research note issued on Wednesday, May 24th. DA Davidson analyst L. Weiser now forecasts that the company will post earnings per share of $0.10 for the quarter, down from their prior forecast of $0.36. DA Davidson has a “Buy” rating and a $9.00 price target on the stock. The consensus estimate for WW International’s current full-year earnings is $0.33 per share. DA Davidson also issued estimates for WW International’s FY2023 earnings at ($0.16) EPS.

WW International (NASDAQ:WW – Get Rating) last announced its quarterly earnings data on Monday, March 6th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.02. The business had revenue of $223.92 million during the quarter, compared to the consensus estimate of $226.01 million. WW International had a negative net margin of 36.74% and a negative return on equity of 8.27%.

Several other research firms have also recently issued reports on WW. Craig Hallum cut shares of WW International from a “hold” rating to a “sell” rating and set a $4.00 price objective for the company. in a research report on Wednesday, March 8th. The Goldman Sachs Group upgraded WW International from a “neutral” rating to a “buy” rating and boosted their price target for the company from $3.80 to $13.00 in a report on Monday, April 10th. StockNews.com raised WW International from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Finally, UBS Group lifted their target price on WW International from $7.00 to $7.50 in a research report on Monday, May 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $6.92.

WW International Stock Performance

WW opened at $7.16 on Friday. The business has a fifty day moving average of $7.77 and a 200 day moving average of $5.59. WW International has a 52-week low of $3.28 and a 52-week high of $10.02.

Insider Buying and Selling

In related news, Director Denis F. Kelly bought 16,000 shares of the business’s stock in a transaction on Thursday, May 11th. The shares were bought at an average price of $6.86 per share, for a total transaction of $109,760.00. Following the completion of the purchase, the director now directly owns 96,921 shares of the company’s stock, valued at $664,878.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder S.A. Westend sold 14,818,300 shares of the company’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $7.15, for a total transaction of $105,950,845.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Denis F. Kelly purchased 16,000 shares of the firm’s stock in a transaction on Thursday, May 11th. The stock was acquired at an average price of $6.86 per share, with a total value of $109,760.00. Following the completion of the purchase, the director now owns 96,921 shares of the company’s stock, valued at approximately $664,878.06. The disclosure for this purchase can be found here. 8.12% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On WW International

Hedge funds have recently modified their holdings of the stock. Dupont Capital Management Corp increased its holdings in shares of WW International by 57.0% in the fourth quarter. Dupont Capital Management Corp now owns 22,998 shares of the company’s stock valued at $89,000 after purchasing an additional 8,350 shares during the period. MetLife Investment Management LLC raised its position in WW International by 26.0% during the 3rd quarter. MetLife Investment Management LLC now owns 29,393 shares of the company’s stock worth $116,000 after buying an additional 6,057 shares during the last quarter. Tudor Investment Corp Et Al acquired a new stake in WW International during the 3rd quarter valued at approximately $668,000. New York State Common Retirement Fund boosted its holdings in shares of WW International by 14.3% in the 3rd quarter. New York State Common Retirement Fund now owns 117,724 shares of the company’s stock valued at $463,000 after acquiring an additional 14,689 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of WW International in the first quarter worth $267,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

WW International Company Profile

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WW International, Inc engages in the provision of weight management services. It operates through the following geographical segments: North America, United Kingdom, Continental Europe and Other. The North America segment consists of United States and Canada company-owned operations. The United Kingdom segment includes United Kingdom company-owned operations.