Insider Buying: WW International (NASDAQ:WW) CFO Purchases 1,500 Shares of Stock

WW International, Inc. (NASDAQ:WW) CFO Felicia Dellafortuna purchased 1,500 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were purchased at an average cost of $12.68 per share, for a total transaction of $19,020.00. Following the completion of the purchase, the chief financial officer directly owned 1,500 shares in the company, valued at $19,020. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

WW International Trading Up 9.5%

Shares of WW International stock traded up $1.31 during mid-day trading on Wednesday, hitting $15.15. 445,888 shares of the stock were exchanged, compared to its average volume of 346,572. The company has a 50-day simple moving average of $12.38 and a 200 day simple moving average of $20.65. WW International, Inc. has a twelve month low of $8.36 and a twelve month high of $46.95. The stock has a market capitalization of $151.48 million, a price-to-earnings ratio of -2.62 and a beta of 1.30.

WW International (NASDAQ:WW) last released its earnings results on Thursday, May 7th. The company reported ($5.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.85) by ($4.35). The company had revenue of $168.26 million for the quarter, compared to analyst estimates of $149.80 million. Equities research analysts forecast that WW International, Inc. will post -0.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WW has been the topic of several research analyst reports. Zacks Research raised shares of WW International from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Wall Street Zen cut shares of WW International from a “sell” rating to a “strong sell” rating in a research report 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.com, WW International presently has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of WW. Mount Lucas Management LP purchased a new position in WW International in the third quarter valued at approximately $1,094,000. Claret Asset Management Corp purchased a new position in WW International in the third quarter valued at approximately $280,000. Cooper Creek Partners Management LLC purchased a new position in WW International in the third quarter valued at approximately $3,336,000. Ameriprise Financial Inc. purchased a new position in WW International in the third quarter valued at approximately $623,000. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of WW International during the third quarter valued at approximately $528,000. Hedge funds and other institutional investors 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.