WW International (NASDAQ:WW) Shares Pass Above 200-Day Moving Average – Here’s What Happened

WW International, Inc. (NASDAQ:WW) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.11 and traded as high as $1.13. WW International shares last traded at $1.09, with a volume of 791,204 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on WW. Barclays restated an “underweight” rating and issued a $0.75 price target on shares of WW International in a research note on Thursday, October 10th. StockNews.com upgraded WW International from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $3.00.

WW International Stock Performance

The business has a 50-day moving average of $1.31 and a 200-day moving average of $1.11. The stock has a market capitalization of $86.25 million, a price-to-earnings ratio of -0.19 and a beta of 1.73.

Hedge Funds Weigh In On WW International

Institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of WW International by 14.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,014,475 shares of the company’s stock valued at $891,000 after buying an additional 130,180 shares during the period. Marshall Wace LLP boosted its stake in shares of WW International by 159.9% in the 2nd quarter. Marshall Wace LLP now owns 260,400 shares of the company’s stock valued at $305,000 after buying an additional 160,200 shares during the period. Finally, Prism Advisors Inc. boosted its stake in shares of WW International by 110.0% in the 3rd quarter. Prism Advisors Inc. now owns 42,000 shares of the company’s stock valued at $37,000 after buying an additional 22,000 shares during the period. 86.18% of the stock is owned by institutional investors and hedge funds.

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; and allows members to inspire and support each other by sharing their experiences with other people on weight health journeys.