Morgan Stanley Reaffirms “Equal Weight” Rating for WW International (NASDAQ:WW)

WW International (NASDAQ:WW)‘s stock had its “equal weight” rating reissued by equities research analysts at Morgan Stanley in a research report issued on Friday,Benzinga reports.

Separately, Wall Street Zen assumed coverage on WW International in a research note on Friday, May 16th. They set a “hold” rating for the company.

WW International Stock Up 1.6%

WW stock opened at $42.99 on Friday. The company has a market cap of $3.88 billion, a PE ratio of -7.42 and a beta of 1.30. The business has a 50-day simple moving average of $15.68 and a 200 day simple moving average of $5.83. WW International has a 52 week low of $23.01 and a 52 week high of $46.95.

WW International (NASDAQ:WW) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.21). The company had revenue of $186.57 million during the quarter, compared to analyst estimates of $178.53 million. On average, analysts anticipate that WW International will post -0.06 EPS for the current fiscal year.

Hedge Funds Weigh In On WW International

An institutional investor recently bought a new position in WW International stock. Quinn Opportunity Partners LLC bought a new position in shares of WW International, Inc. (NASDAQ:WW) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $127,000. Quinn Opportunity Partners LLC owned 0.13% of WW International as of its most recent SEC filing. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

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.