WW International (NASDAQ:WW) Stock Rating Lowered by Wall Street Zen

WW International (NASDAQ:WW) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings cut shares of WW International from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, WW International has an average rating of “Reduce”.

WW International Stock Performance

Shares of NASDAQ:WW opened at $16.10 on Friday. The company has a 50 day moving average of $15.44 and a 200-day moving average of $15.18. The firm has a market cap of $160.98 million, a P/E ratio of -2.78 and a beta of 1.73. WW International has a twelve month low of $8.36 and a twelve month high of $38.38.

WW International (NASDAQ:WW) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.93. The company had revenue of $162.32 million for the quarter, compared to analyst estimates of $159.13 million. Equities research analysts forecast that WW International will post -0.06 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WW. Bank of New York Mellon Corp acquired a new stake in shares of WW International during the 2nd quarter valued at $279,000. Cygnus Capital Advisors LLC grew its holdings in shares of WW International by 96.1% in the 2nd quarter. Cygnus Capital Advisors LLC now owns 388,655 shares of the company’s stock worth $6,211,000 after acquiring an additional 190,440 shares during the last quarter. Finally, Cooper Creek Partners Management LLC raised its position in shares of WW International by 50.1% during 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. Institutional investors own 86.18% of the company’s stock.

WW International Company Profile

WW International, formerly known as Weight Watchers International, is a global wellness company focused on weight management, healthy living and behavior change. The company provides personalized programs designed to help members improve nutrition, physical activity and other lifestyle habits through digital tools, guidance and community support.

Its offerings have historically included subscription-based access to a points-based food and activity program, mobile applications, meal and recipe resources, educational content, virtual coaching and in-person workshops.