Insider Buying: WW International (NASDAQ:WW) Director Purchases $55,150.00 in Stock

WW International, Inc. (NASDAQ:WW) Director Lisa Gavales acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, November 10th. The shares were bought at an average price of $11.03 per share, for a total transaction of $55,150.00. Following the purchase, the director owned 5,000 shares in the company, valued at approximately $55,150. 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 Stock Performance

Shares of NASDAQ:WW opened at $12.27 on Friday. WW International, Inc. has a 52-week low of $8.36 and a 52-week high of $35.25. The company has a market capitalization of $122.69 million, a P/E ratio of -2.12 and a beta of 1.67. The company has a 50-day simple moving average of $14.52 and a 200 day simple moving average of $15.74.

WW International (NASDAQ:WW) last announced its quarterly earnings results on Thursday, November 5th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.88. The business had revenue of $152.90 million for the quarter, compared to analyst estimates of $152.33 million. As a group, equities analysts forecast that WW International, Inc. will post -0.06 earnings per share for the current year.

Institutional Trading of WW International

Several large investors have recently modified their holdings of WW. Cooper Creek Partners Management LLC grew its holdings in WW International by 50.1% in the first quarter. Cooper Creek Partners Management LLC now owns 975,419 shares of the company’s stock worth $13,402,000 after purchasing an additional 325,434 shares during the period. Cygnus Capital Advisors LLC raised its stake in shares of WW International by 96.1% in the second quarter. Cygnus Capital Advisors LLC now owns 388,655 shares of the company’s stock worth $6,211,000 after purchasing an additional 190,440 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in WW International during the 2nd quarter valued at $279,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of WW International in a report on Tuesday, November 3rd. Wall Street Zen raised WW International from a “sell” rating to a “hold” rating in a report on Saturday, October 3rd. Finally, Northland Securities started coverage on shares of WW International in a research report on Friday, October 2nd. They set an “outperform” rating and a $25.00 price objective for the company. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $25.00.

About WW International

WW International, Inc., formerly known as Weight Watchers, is a wellness company focused on weight management and behavior change. Founded in 1963, it adopted the WW name in 2018 and serves members in the United States and other markets through in-person and digital programs. The company’s offerings include a mobile app, personalized food and activity tracking, nutrition guidance, educational content, and support from coaches and member communities. Its programs are designed to help people build and sustain healthier habits.