WW International (NASDAQ:WW) Share Price Crosses Above 200 Day Moving Average – What’s Next?

WW International, Inc. (NASDAQ:WW)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $23.11 and traded as high as $26.90. WW International shares last traded at $26.74, with a volume of 219,096 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WW. Wall Street Zen cut shares of WW International from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Morgan Stanley reaffirmed an “equal weight” rating on shares of WW International in a report on Friday, August 1st. CJS Securities started coverage on shares of WW International in a research note on Monday, September 15th. They set a “market perform” rating on the stock. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of WW International in a research report on Tuesday, October 14th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

WW International Stock Performance

The firm’s fifty day simple moving average is $28.61 and its 200 day simple moving average is $23.11. The firm has a market cap of $267.05 million, a P/E ratio of -4.62 and a beta of 1.30.

WW International (NASDAQ:WW) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.30). The business had revenue of $172.09 million during the quarter, compared to analyst estimates of $161.38 million. WW International has set its FY 2025 guidance at EPS. On average, equities research analysts predict that WW International, Inc. will post -0.06 earnings per share for the current year.

Institutional Trading of WW International

Several hedge funds have recently made changes to their positions in WW. Covestor Ltd purchased a new position in WW International in the third quarter worth about $101,000. Claret Asset Management Corp purchased a new position in shares of WW International in the 3rd quarter worth approximately $280,000. Ameriprise Financial Inc. purchased a new stake in WW International during the 3rd quarter valued at $623,000. Mount Lucas Management LP bought a new stake in WW International in the third quarter worth $1,094,000. Finally, Cooper Creek Partners Management LLC purchased a new position in WW International during the third quarter worth $3,336,000. 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.