StockNews.com Lowers WW International (NASDAQ:WW) to Sell

StockNews.com cut shares of WW International (NASDAQ:WW) from a hold rating to a sell rating in a report issued on Tuesday morning.

A number of other equities research analysts have also recently weighed in on WW. DA Davidson boosted their price target on shares of WW International from $11.00 to $12.50 and gave the company a buy rating in a research report on Friday, August 4th. Morgan Stanley reaffirmed an overweight rating and issued a $13.00 target price on shares of WW International in a report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, WW International has a consensus rating of Hold and an average price target of $9.17.

WW International Stock Up 6.9 %

NASDAQ:WW opened at $11.56 on Tuesday. The company has a fifty day simple moving average of $9.72 and a two-hundred day simple moving average of $8.24. The company has a market cap of $912.85 million, a price-to-earnings ratio of -2.62 and a beta of 1.83. WW International has a 52 week low of $3.28 and a 52 week high of $12.13.

WW International (NASDAQ:WW) last issued its earnings results on Thursday, August 3rd. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12). The firm had revenue of $226.83 million for the quarter, compared to analyst estimates of $229.94 million. WW International had a negative return on equity of 3.07% and a negative net margin of 32.51%. On average, analysts expect that WW International will post -0.16 EPS for the current year.

Hedge Funds Weigh In On WW International

A number of large investors have recently bought and sold shares of the stock. California State Teachers Retirement System raised its stake in WW International by 236.3% during the second quarter. California State Teachers Retirement System now owns 67,816 shares of the company’s stock worth $456,000 after purchasing an additional 47,650 shares during the period. Legato Capital Management LLC purchased a new position in shares of WW International in the 2nd quarter valued at $123,000. Captrust Financial Advisors raised its stake in shares of WW International by 49.9% in the 2nd quarter. Captrust Financial Advisors now owns 17,665 shares of the company’s stock valued at $119,000 after acquiring an additional 5,878 shares during the period. Tudor Investment Corp Et Al purchased a new position in shares of WW International in the 2nd quarter valued at $500,000. Finally, Portolan Capital Management LLC purchased a new position in shares of WW International in the 2nd quarter valued at $2,407,000. Hedge funds and other institutional investors own 71.23% of the company’s stock.

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, including personal coaching and digital products; and allows members to inspire and support each other by sharing their experiences with other people on weight loss and weight management journeys.