DA Davidson Cuts WW International (NASDAQ:WW) Price Target to $6.00

WW International (NASDAQ:WW) had its target price decreased by equities research analysts at DA Davidson from $12.50 to $6.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s price objective points to a potential upside of 187.08% from the company’s previous close.

Other research analysts also recently issued reports about the stock. The Goldman Sachs Group restated a “buy” rating on shares of WW International in a research report on Thursday, February 1st. Barclays lowered their price target on WW International from $8.00 to $1.50 and set an “underweight” rating on the stock in a research report on Friday, March 1st. UBS Group dropped their target price on shares of WW International from $3.00 to $2.10 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. StockNews.com cut WW International from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Guggenheim reaffirmed a “buy” rating and set a $12.00 price objective on shares of WW International in a research note on Monday, March 18th. 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $8.09.

WW International Stock Up 10.6 %

Shares of NASDAQ:WW opened at $2.09 on Friday. WW International has a 52-week low of $1.51 and a 52-week high of $13.31. The stock has a market cap of $165.55 million, a price-to-earnings ratio of -0.48 and a beta of 1.75. The business has a 50-day moving average price of $2.17 and a 200-day moving average price of $5.10.

WW International (NASDAQ:WW) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.07). The company had revenue of $205.96 million for the quarter, compared to the consensus estimate of $205.95 million. As a group, equities analysts anticipate that WW International will post -0.06 EPS for the current fiscal year.

Institutional Trading of WW International

A number of hedge funds and other institutional investors have recently modified their holdings of WW. Brevan Howard Capital Management LP increased its holdings in WW International by 627.0% in the 4th quarter. Brevan Howard Capital Management LP now owns 292,500 shares of the company’s stock valued at $2,559,000 after purchasing an additional 252,267 shares during the last quarter. Black Swift Group LLC purchased a new position in WW International during the 3rd quarter valued at about $1,273,000. Russell Investments Group Ltd. acquired a new position in WW International in the 4th quarter valued at about $993,000. BNP Paribas Financial Markets increased its stake in WW International by 229.7% during the first quarter. BNP Paribas Financial Markets now owns 113,427 shares of the company’s stock worth $210,000 after purchasing an additional 79,026 shares during the period. Finally, Barometer Capital Management Inc. lifted its position in shares of WW International by 64.7% during the third quarter. Barometer Capital Management Inc. now owns 188,700 shares of the company’s stock worth $2,089,000 after purchasing an additional 74,100 shares in the last quarter. 86.18% of the stock is owned by institutional investors and hedge funds.

WW International Company Profile

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.