WW International (NASDAQ:WW) Stock Passes Above 200 Day Moving Average – Here’s What Happened

WW International, Inc. (NASDAQ:WW) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $24.95 and traded as high as $26.04. WW International shares last traded at $26.03, with a volume of 126,502 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. CJS Securities initiated coverage on WW International in a research note on Monday, September 15th. They set a “market perform” rating for the company. Wall Street Zen cut shares of WW International from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of WW International in a report on Tuesday, October 14th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, WW International currently has a consensus rating of “Reduce”.

WW International Trading Up 4.7%

The firm has a market capitalization of $259.96 million, a price-to-earnings ratio of -4.50 and a beta of 1.30. The company’s 50 day moving average is $28.10 and its 200-day moving average is $24.95.

WW International (NASDAQ:WW) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.30). The company had revenue of $172.09 million during the quarter, compared to analyst estimates of $161.38 million. Research analysts expect that WW International, Inc. will post -0.06 EPS for the current year.

Institutional Trading of WW International

A number of institutional investors have recently modified their holdings of the stock. Cooper Creek Partners Management LLC acquired a new stake in shares of WW International during the 3rd quarter worth approximately $3,336,000. Mount Lucas Management LP acquired a new position in WW International during the third quarter valued at approximately $1,094,000. Ameriprise Financial Inc. bought a new stake in WW International during the third quarter worth $623,000. Tudor Investment Corp ET AL acquired a new stake in shares of WW International in the 3rd quarter valued at $528,000. Finally, Claret Asset Management Corp bought a new position in shares of WW International in the 3rd quarter valued at $280,000. 86.18% of the stock is currently owned by 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.