WW International (NASDAQ:WW) Shares Gap Up to $11.37

WW International, Inc. (NASDAQ:WW)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $11.37, but opened at $11.64. WW International shares last traded at $11.27, with a volume of 284,928 shares traded.

Analyst Ratings Changes

WW has been the subject of several research analyst reports. StockNews.com cut shares of WW International from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Morgan Stanley reaffirmed an “overweight” rating and issued a $13.00 target price on shares of WW International in a research report on Friday, August 4th. Finally, DA Davidson raised their target price on shares of WW International from $11.00 to $12.50 and gave the stock a “buy” rating in a research report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $9.17.

WW International Stock Down 1.1 %

The firm has a market cap of $887.58 million, a PE ratio of -2.52 and a beta of 1.83. The firm’s fifty day simple moving average is $9.78 and its two-hundred day simple moving average is $8.27.

WW International (NASDAQ:WW) last released its earnings results on Thursday, August 3rd. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.12). WW International had a negative return on equity of 3.07% and a negative net margin of 32.51%. The company had revenue of $226.83 million during the quarter, compared to analysts’ expectations of $229.94 million. As a group, analysts anticipate that WW International, Inc. will post -0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On WW International

A number of hedge funds have recently bought and sold shares of the business. Raymond James Trust N.A. raised its stake in WW International by 15.2% during the first quarter. Raymond James Trust N.A. now owns 15,118 shares of the company’s stock valued at $155,000 after purchasing an additional 2,000 shares in the last quarter. Rhumbline Advisers increased its position in WW International by 3.1% during the first quarter. Rhumbline Advisers now owns 148,265 shares of the company’s stock valued at $1,517,000 after acquiring an additional 4,435 shares during the last quarter. Quantbot Technologies LP increased its position in WW International by 17.3% during the second quarter. Quantbot Technologies LP now owns 30,672 shares of the company’s stock valued at $195,000 after acquiring an additional 4,516 shares during the last quarter. Captrust Financial Advisors increased its position in WW International by 49.9% during the second 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 last quarter. Finally, MetLife Investment Management LLC increased its position in WW International by 49.1% during the first quarter. MetLife Investment Management LLC now owns 28,205 shares of the company’s stock valued at $289,000 after acquiring an additional 9,291 shares during the last quarter. Hedge funds and other institutional investors own 71.23% 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, 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.