WW International (NASDAQ:WW) Downgraded by StockNews.com

WW International (NASDAQ:WW) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report issued on Thursday.

A number of other equities research analysts have also recently commented on WW. Guggenheim reiterated a “buy” rating and set a $12.00 target price on shares of WW International in a report on Monday, March 18th. The Goldman Sachs Group restated a “buy” rating on shares of WW International in a report on Thursday, February 1st. UBS Group decreased their price objective on WW International from $9.00 to $3.00 and set a “neutral” rating on the stock in a report on Thursday, February 29th. DA Davidson restated a “buy” rating and set a $12.50 price objective on shares of WW International in a report on Thursday, March 14th. Finally, Barclays decreased their price objective on WW International from $8.00 to $1.50 and set an “underweight” rating on the stock in a report on Friday, March 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.14.

WW International Price Performance

NASDAQ WW opened at $1.78 on Thursday. WW International has a 1-year low of $1.56 and a 1-year high of $13.31. The company has a market capitalization of $140.99 million, a P/E ratio of -1.11 and a beta of 1.77. The business has a 50 day moving average price of $2.74 and a 200 day moving average price of $5.85.

WW International (NASDAQ:WW) last announced its earnings results on Wednesday, February 28th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). The business had revenue of $205.96 million during the quarter, compared to analysts’ expectations of $205.95 million. On average, research analysts expect that WW International will post -0.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in WW. MetLife Investment Management LLC raised its position in WW International by 49.1% in the first quarter. MetLife Investment Management LLC now owns 28,205 shares of the company’s stock valued at $289,000 after purchasing an additional 9,291 shares during the period. Rhumbline Advisers raised its position in WW International by 3.1% in the first quarter. Rhumbline Advisers now owns 148,265 shares of the company’s stock valued at $1,517,000 after purchasing an additional 4,435 shares during the period. Raymond James Trust N.A. raised its position in WW International by 15.2% in the first quarter. Raymond James Trust N.A. now owns 15,118 shares of the company’s stock valued at $155,000 after purchasing an additional 2,000 shares during the period. Quantbot Technologies LP purchased a new position in WW International in the first quarter valued at about $267,000. Finally, Credit Suisse AG raised its position in WW International by 56.0% in the second quarter. Credit Suisse AG now owns 119,331 shares of the company’s stock valued at $762,000 after purchasing an additional 42,859 shares during the period. 86.18% of the stock is owned by hedge funds and other institutional investors.

About WW International

WW International, Inc provides weight management products and services worldwide. It offers a range of nutritional, activity, behavioral, and lifestyle tools and approaches products and services. The company also provides various digital subscription products to wellness and weight management business, which provide interactive and personalized resources that allow users to follow its weight management program through its app and web-based platform; and allows members to inspire and support each other by sharing their experiences with other people on weight health journeys.