Key Points
- WW International director Eugene Davis bought 10,000 shares on May 22 at an average price of $12.63, a total purchase of $126,300.
- The stock was up 9.5% and opened at $15.15, while the company’s market cap stood at about $151.48 million.
- WW International’s latest earnings missed estimates sharply, with a loss of $5.20 per share versus an expected loss of $0.85, though revenue came in above forecast at $168.26 million.
WW International, Inc. (NASDAQ:WW - Get Free Report) CFO Felicia Dellafortuna purchased 1,500 shares of the stock in a transaction dated Friday, May 22nd. The shares were bought 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 owned 1,500 shares in the company, valued at approximately $19,020. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
WW International Stock Up 9.5%
NASDAQ:WW opened at $15.15 on Thursday. WW International, Inc. has a fifty-two week low of $8.36 and a fifty-two week high of $46.95. The stock has a market cap of $151.48 million, a PE ratio of -2.62 and a beta of 1.30. The firm's fifty day simple moving average is $12.25 and its 200-day simple moving average is $20.52.
WW International (NASDAQ:WW - Get Free Report) last issued 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 company had revenue of $168.26 million for the quarter, compared to analysts' expectations of $149.80 million. Equities analysts anticipate that WW International, Inc. will post -0.06 earnings per share for the current year.
Institutional Investors Weigh In On WW International
A number of large investors have recently added to or reduced their stakes in the business. Cooper Creek Partners Management LLC grew its stake in WW International by 50.1% in the 1st quarter. Cooper Creek Partners Management LLC now owns 975,419 shares of the company's stock valued at $13,402,000 after acquiring an additional 325,434 shares during the last quarter. Invesco Senior Secured Management Inc. ADV acquired a new stake in shares of WW International during the 4th quarter worth about $4,989,000. Marshall Wace LLP acquired a new stake in shares of WW International during the 4th quarter worth about $1,108,000. Quinn Opportunity Partners LLC acquired a new stake in shares of WW International during the 4th quarter worth about $1,010,000. Finally, Geode Capital Management LLC boosted its stake 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 purchasing an additional 4,251 shares during the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages recently commented on WW. Wall Street Zen cut shares of WW International from a "sell" rating to a "strong sell" rating in a research note on Saturday, May 9th. Zacks Research raised shares of WW International from a "strong sell" rating to a "hold" rating in a research note on Monday, March 16th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce".
View Our Latest Analysis on WW International
WW International Company Profile
(
Get Free Report)
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.
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