Insider Buying: WW International (NASDAQ:WW) Director Buys 10,000 Shares of Stock

WW International, Inc. (NASDAQ:WW) Director Eugene Davis acquired 10,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were bought at an average price of $12.63 per share, for a total transaction of $126,300.00. Following the purchase, the director owned 10,000 shares in the company, valued at approximately $126,300. This represents 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 on Wednesday, reaching $15.15. 445,888 shares of the company were exchanged, compared to its average volume of 346,572. WW International, Inc. has a one year low of $8.36 and a one year high of $46.95. The company has a market capitalization of $151.48 million, a price-to-earnings ratio of -2.62 and a beta of 1.30. The company has a 50-day moving average of $12.38 and a 200 day moving average of $20.65.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Mount Lucas Management LP acquired a new position in shares of WW International during the 3rd quarter worth approximately $1,094,000. Invesco Senior Secured Management Inc. ADV acquired a new position in shares of WW International during the 4th quarter worth approximately $4,989,000. Cooper Creek Partners Management LLC acquired a new position in shares of WW International during the 3rd quarter worth approximately $3,336,000. Geode Capital Management LLC increased its holdings in shares of 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 acquiring an additional 4,251 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in WW International in the 4th quarter valued at $1,108,000. 86.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on WW shares. Zacks Research upgraded WW International from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Wall Street Zen cut WW International from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 9th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, WW International currently has a consensus rating of “Reduce”.

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.