Q2 2023 EPS Estimates for WW International, Inc. Cut by Analyst (NASDAQ:WW)

WW International, Inc. (NASDAQ:WW – Get Rating) – Investment analysts at DA Davidson dropped their Q2 2023 earnings per share (EPS) estimates for shares of WW International in a research report issued to clients and investors on Wednesday, May 24th. DA Davidson analyst L. Weiser now expects that the company will earn $0.10 per share for the quarter, down from their prior estimate of $0.36. DA Davidson currently has a “Buy” rating and a $9.00 price objective on the stock. The consensus estimate for WW International’s current full-year earnings is $0.33 per share. DA Davidson also issued estimates for WW International’s FY2023 earnings at ($0.16) EPS.

WW has been the topic of several other reports. UBS Group increased their price objective on shares of WW International from $7.00 to $7.50 in a research report on Monday, May 8th. The Goldman Sachs Group upgraded shares of WW International from a “neutral” rating to a “buy” rating and increased their price target for the company from $3.80 to $13.00 in a report on Monday, April 10th. StockNews.com raised shares of WW International from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Finally, Craig Hallum cut WW International from a “hold” rating to a “sell” rating and set a $4.00 price objective on the stock. in a research report on Wednesday, March 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $6.92.

WW International Price Performance

WW International stock opened at $7.16 on Friday. WW International has a 12 month low of $3.28 and a 12 month high of $10.02. The business’s fifty day simple moving average is $7.77 and its two-hundred day simple moving average is $5.59.

WW International (NASDAQ:WW – Get Rating) last released its earnings results on Monday, March 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. WW International had a negative net margin of 36.74% and a negative return on equity of 8.27%. The firm had revenue of $223.92 million during the quarter, compared to analyst estimates of $226.01 million.

Insider Activity at WW International

In other WW International news, major shareholder S.A. Westend sold 14,818,300 shares of the business’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $7.15, for a total transaction of $105,950,845.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Denis F. Kelly bought 16,000 shares of the stock in a transaction that occurred on Thursday, May 11th. The shares were bought at an average cost of $6.86 per share, for a total transaction of $109,760.00. Following the completion of the transaction, the director now owns 96,921 shares of the company’s stock, valued at $664,878.06. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder S.A. Westend sold 14,818,300 shares of the business’s stock in a transaction dated Wednesday, May 10th. The shares were 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. 8.12% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC increased its holdings in WW International by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 1,162,374 shares of the company’s stock worth $4,486,000 after acquiring an additional 34,597 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of WW International by 2.5% in the third quarter. Bank of New York Mellon Corp now owns 511,982 shares of the company’s stock worth $2,012,000 after purchasing an additional 12,510 shares in the last quarter. Tudor Investment Corp Et Al bought a new stake in shares of WW International during the 3rd quarter valued at $668,000. Rhumbline Advisers lifted its stake in shares of WW International by 9.0% during the 2nd quarter. Rhumbline Advisers now owns 161,576 shares of the company’s stock valued at $1,032,000 after buying an additional 13,311 shares in the last quarter. Finally, Credit Suisse AG boosted its holdings in WW International by 56.0% in the 2nd quarter. Credit Suisse AG now owns 119,331 shares of the company’s stock worth $762,000 after buying an additional 42,859 shares during the period. 81.10% of the stock is owned by hedge funds and other institutional investors.

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.