DA Davidson Trims WW International (NASDAQ:WW) Target Price to $6.00

WW International (NASDAQ:WW) had its price target reduced by DA Davidson from $12.50 to $6.00 in a research note released on Friday morning, Benzinga reports. DA Davidson currently has a buy rating on the stock.

Several other research firms also recently weighed in on WW. UBS Group cut their price objective on WW International from $3.00 to $2.10 and set a neutral rating on the stock in a report on Thursday, April 25th. Barclays cut their price target on WW International from $8.00 to $1.50 and set an underweight rating on the stock in a research note on Friday, March 1st. Guggenheim reaffirmed a buy rating and issued a $12.00 price objective on shares of WW International in a research note on Monday, March 18th. StockNews.com downgraded shares of WW International from a hold rating to a sell rating in a research report on Wednesday, May 1st. Finally, The Goldman Sachs Group restated a buy rating on shares of WW International in a research report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus target price of $8.09.

WW International Stock Up 10.6 %

WW International stock opened at $2.09 on Friday. The stock has a market cap of $165.55 million, a PE ratio of -0.48 and a beta of 1.75. WW International has a 12-month low of $1.51 and a 12-month high of $13.31. The business’s 50-day moving average price is $2.17 and its two-hundred day moving average price is $5.06.

WW International (NASDAQ:WW) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.07). The company had revenue of $205.96 million for the quarter, compared to the consensus estimate of $205.95 million. As a group, analysts expect that WW International will post -0.06 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its position 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 in the last quarter. Connectus Wealth LLC bought a new stake in WW International in the fourth quarter worth approximately $127,000. Raymond James Trust N.A. acquired a new position in WW International in the fourth quarter valued at approximately $175,000. Advisors Preferred LLC bought a new position in shares of WW International during the 3rd quarter worth approximately $268,000. Finally, Barometer Capital Management Inc. grew its position in shares of WW International by 16.7% during the 4th quarter. Barometer Capital Management Inc. now owns 220,300 shares of the company’s stock worth $1,928,000 after buying an additional 31,600 shares during the period. Institutional investors own 86.18% 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; and allows members to inspire and support each other by sharing their experiences with other people on weight health journeys.