WW International (NASDAQ:WW) Trading Down 4.2%

WW International, Inc. (NASDAQ:WW – Get Rating)’s stock price was down 4.2% on Friday . The stock traded as low as $7.62 and last traded at $7.70. Approximately 980,357 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 6,066,810 shares. The stock had previously closed at $8.04.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on WW shares. Craig Hallum lowered WW International from a “hold” rating to a “sell” rating and set a $4.00 price objective on the stock. in a research note on Wednesday, March 8th. UBS Group raised their price objective on shares of WW International from $7.00 to $7.50 in a research report on Monday, May 8th. StockNews.com raised shares of WW International from a “sell” rating to a “hold” rating in a research note on Friday, May 5th. DA Davidson reissued a “buy” rating and issued a $9.00 price target on shares of WW International in a research note on Wednesday, April 12th. Finally, Morgan Stanley reduced their price target on shares of WW International from $5.00 to $3.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $6.92.

WW International Trading Down 4.2 %

The firm has a market capitalization of $605.68 million, a price-to-earnings ratio of -1.50, a price-to-earnings-growth ratio of 1.65 and a beta of 1.68. The stock’s fifty day moving average price is $6.78 and its two-hundred day moving average price is $5.13.

WW International (NASDAQ:WW – Get Rating) last released its quarterly earnings data on Monday, March 6th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The business had revenue of $223.92 million for the quarter, compared to the consensus estimate of $226.01 million. WW International had a negative return on equity of 8.27% and a negative net margin of 36.74%. Analysts anticipate that WW International, Inc. will post 0.33 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Denis F. Kelly acquired 16,000 shares of the firm’s stock in a transaction dated Thursday, May 11th. The stock was acquired at an average cost of $6.86 per share, with a total value of $109,760.00. Following the completion of the acquisition, the director now owns 96,921 shares of the company’s stock, valued at $664,878.06. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In other WW International news, Director Denis F. Kelly bought 16,000 shares of WW International stock in a transaction dated Thursday, May 11th. The stock was acquired at an average cost of $6.86 per share, with a total value of $109,760.00. Following the completion of the acquisition, the director now owns 96,921 shares of the company’s stock, valued at $664,878.06. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder S.A. Westend sold 14,818,300 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $7.15, for a total value of $105,950,845.00. The disclosure for this sale can be found here. Company insiders own 8.12% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of WW. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of WW International during the 3rd quarter valued at approximately $84,000. Dupont Capital Management Corp raised its holdings in WW International by 57.0% during the fourth quarter. Dupont Capital Management Corp now owns 22,998 shares of the company’s stock worth $89,000 after purchasing an additional 8,350 shares during the last quarter. SG Americas Securities LLC purchased a new stake in WW International during the first quarter worth $104,000. MetLife Investment Management LLC grew its holdings in WW International by 26.0% in the third quarter. MetLife Investment Management LLC now owns 29,393 shares of the company’s stock valued at $116,000 after purchasing an additional 6,057 shares during the last quarter. Finally, Raymond James Trust N.A. raised its stake in shares of WW International by 15.2% during the 1st quarter. Raymond James Trust N.A. now owns 15,118 shares of the company’s stock worth $155,000 after buying an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

About WW International

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WW International, Inc engages in the provision of weight management services. It operates through the following geographical segments: North America, United Kingdom, Continental Europe and Other. The North America segment consists of United States and Canada company-owned operations. The United Kingdom segment includes United Kingdom company-owned operations.