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

WW International, Inc. (NASDAQ:WW) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $27.60 and traded as high as $29.40. WW International shares last traded at $28.44, with a volume of 251,911 shares changing hands.

Analyst Upgrades and Downgrades

WW has been the topic of a number of recent research reports. Wall Street Zen cut shares of WW International from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. CJS Securities began coverage on shares of WW International in a report on Monday, September 15th. They issued a “market perform” rating for the company. Finally, Weiss Ratings reaffirmed 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 stock. Based on data from MarketBeat.com, WW International presently has an average rating of “Reduce”.

WW International Price Performance

The firm has a 50-day moving average of $28.20 and a 200-day moving average of $27.60. The stock has a market cap of $284.03 million, a PE ratio of -4.91 and a beta of 1.30.

WW International (NASDAQ:WW) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.44) EPS 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 the consensus estimate of $161.38 million. Equities analysts forecast that WW International, Inc. will post -0.06 EPS for the current fiscal year.

Hedge Funds Weigh In On WW International

Institutional investors have recently bought and sold shares of the stock. Covestor Ltd bought a new stake in WW International in the 3rd quarter valued at $101,000. Claret Asset Management Corp purchased a new position in shares of WW International during the third quarter valued at about $280,000. Tudor Investment Corp ET AL bought a new stake in shares of WW International in the third quarter worth about $528,000. Ameriprise Financial Inc. bought a new stake in WW International in the 3rd quarter worth approximately $623,000. Finally, Mount Lucas Management LP purchased a new stake in shares of WW International during the 3rd quarter worth approximately $1,094,000. 86.18% of the stock is owned by hedge funds and other institutional investors.

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.