WW International (NASDAQ:WW) Issues Earnings Results

WW International (NASDAQ:WW) released its quarterly earnings results on Wednesday. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.19, reports. The firm had revenue of $192.89 million for the quarter, compared to analysts’ expectations of $188.49 million.

WW International Price Performance

NASDAQ WW opened at $1.03 on Friday. The business’s 50-day moving average is $1.01 and its 200 day moving average is $1.24. WW International has a 1 year low of $0.67 and a 1 year high of $9.77.

Analyst Upgrades and Downgrades

WW has been the topic of a number of recent research reports. UBS Group reduced their price objective on WW International from $2.10 to $1.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Guggenheim reduced their price objective on WW International from $12.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Morgan Stanley cut WW International from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $6.50 to $1.25 in a research note on Friday, July 26th. Finally, Barclays reaffirmed an “underweight” rating and set a $0.75 price objective on shares of WW International in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, WW International currently has an average rating of “Hold” and a consensus price target of $4.50.

Institutional Trading of WW International

Large investors have recently bought and sold shares of the company. Prism Advisors Inc. lifted its holdings in shares of WW International by 110.0% during the third quarter. Prism Advisors Inc. now owns 42,000 shares of the company’s stock valued at $37,000 after purchasing an additional 22,000 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of WW International by 52.1% during the first quarter. SG Americas Securities LLC now owns 47,409 shares of the company’s stock valued at $88,000 after purchasing an additional 16,244 shares during the last quarter. Empirical Capital Management LLC purchased a new position in shares of WW International during the first quarter valued at approximately $185,000. BNP Paribas Financial Markets lifted its holdings in shares of WW International by 229.7% during the first quarter. BNP Paribas Financial Markets now owns 113,427 shares of the company’s stock valued at $210,000 after purchasing an additional 79,026 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of WW International by 159.9% during the second quarter. Marshall Wace LLP now owns 260,400 shares of the company’s stock valued at $305,000 after purchasing an additional 160,200 shares during the last quarter. 86.18% of the stock is owned by institutional investors.

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.