Eugene Davis Acquires 10,000 Shares of WW International (NASDAQ:WW) Stock

WW International, Inc. (NASDAQ:WW) Director Eugene Davis acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was purchased at an average price of $14.73 per share, for a total transaction of $147,300.00. Following the completion of the transaction, the director directly owned 21,648 shares in the company, valued at approximately $318,875.04. The trade was a 85.85% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

WW International Stock Performance

WW traded up $1.31 during mid-day trading on Wednesday, reaching $15.15. The stock had a trading volume of 442,402 shares, compared to its average volume of 346,572. The stock has a market capitalization of $151.48 million, a P/E ratio of -2.62 and a beta of 1.30. The firm’s fifty day simple moving average is $12.38 and its two-hundred day simple moving average is $20.65. WW International, Inc. has a 52 week low of $8.36 and a 52 week high of $46.95.

WW International (NASDAQ:WW) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($5.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.85) by ($4.35). The business had revenue of $168.26 million during the quarter, compared to analysts’ expectations of $149.80 million. As a group, analysts expect that WW International, Inc. will post -0.06 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WW. Zacks Research raised WW International from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Wall Street Zen downgraded WW International from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 9th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Mount Lucas Management LP acquired a new position in shares of WW International in the 3rd quarter valued at $1,094,000. Invesco Senior Secured Management Inc. ADV acquired a new position in shares of WW International in the 4th quarter valued at $4,989,000. Cooper Creek Partners Management LLC acquired a new position in shares of WW International in the 3rd quarter valued at $3,336,000. Geode Capital Management LLC raised its stake in WW International by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 113,610 shares of the company’s stock worth $3,321,000 after buying an additional 4,251 shares during the period. Finally, Marshall Wace LLP acquired a new stake in WW International during the 4th quarter worth $1,108,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

About WW International

WW International, Inc (NASDAQ: WW) is a global wellness and weight management company that provides a range of subscription-based programs, digital tools and personalized coaching services. Originally founded in 1963 by Jean Nidetch as a small support group in New York City, the company grew into the well-known Weight Watchers brand before rebranding as WW in 2018 to reflect an expanded focus on overall health, fitness and nutrition. Over the years, WW has introduced innovations such as the SmartPoints® system, which assigns values to foods based on their nutritional composition, and the MyWW® personalized wellness plan, which tailors recommendations to individual lifestyles and goals.

WW’s offerings span digital and in-person channels.