WW International (NASDAQ:WW) Share Price Passes Above 200 Day Moving Average – Here’s Why

Shares of WW International, Inc. (NASDAQ:WW) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $26.03 and traded as high as $28.38. WW International shares last traded at $27.54, with a volume of 283,238 shares.

Analyst Ratings Changes

Several research analysts have recently weighed in on WW shares. CJS Securities assumed coverage on shares of WW International in a report on Monday, September 15th. They issued a “market perform” rating for the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of WW International in a research note on Tuesday, October 14th. Finally, Wall Street Zen downgraded WW International from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, WW International presently has a consensus rating of “Reduce”.

WW International Trading Up 5.0%

The firm’s 50 day simple moving average is $28.06 and its 200-day simple moving average is $26.03. The stock has a market capitalization of $275.04 million, a price-to-earnings ratio of -4.76 and a beta of 1.30.

WW International (NASDAQ:WW) last announced its quarterly earnings data 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 firm had revenue of $172.09 million during the quarter, compared to the consensus estimate of $161.38 million. As a group, equities research analysts predict that WW International, Inc. will post -0.06 earnings per share for the current year.

Institutional Investors Weigh In On WW International

Several large investors have recently made changes to their positions in WW. Covestor Ltd bought a new position in shares of WW International in the third quarter valued at $101,000. Claret Asset Management Corp acquired a new stake in WW International in the third quarter valued at $280,000. Tudor Investment Corp ET AL bought a new position in shares of WW International in the 3rd quarter valued at about $528,000. Ameriprise Financial Inc. acquired a new position in shares of WW International during the 3rd quarter worth about $623,000. Finally, Mount Lucas Management LP acquired a new position in shares of WW International during the 3rd quarter worth about $1,094,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

WW International Company Profile

WW International, Inc (NASDAQ: WW) is a global wellness and weight management company that provides a range of subscription-based programs, digital tools and personalized coaching services. Originally founded in 1963 by Jean Nidetch as a small support group in New York City, the company grew into the well-known Weight Watchers brand before rebranding as WW in 2018 to reflect an expanded focus on overall health, fitness and nutrition. Over the years, WW has introduced innovations such as the SmartPoints® system, which assigns values to foods based on their nutritional composition, and the MyWW® personalized wellness plan, which tailors recommendations to individual lifestyles and goals.

WW’s offerings span digital and in-person channels.