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

WW International, Inc. (NASDAQ:WW)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $28.90 and traded as high as $34.00. WW International shares last traded at $33.76, with a volume of 291,357 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WW. 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 initiated coverage on WW International in a research note on Monday, September 15th. They set a “market perform” rating on the stock. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of WW International in a report on Tuesday, October 14th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, WW International currently has an average rating of “Reduce”.

WW International Stock Up 4.5%

The stock has a market cap of $337.16 million, a PE ratio of -5.83 and a beta of 1.30. The business’s 50-day simple moving average is $28.08 and its 200-day simple moving average is $28.90.

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

Hedge Funds Weigh In On WW International

A number of hedge funds and other institutional investors have recently made changes to their positions in WW. Covestor Ltd purchased a new stake in WW International in the third quarter worth $101,000. Claret Asset Management Corp purchased a new stake in shares of WW International in the 3rd quarter worth about $280,000. Tudor Investment Corp ET AL purchased a new stake in shares of WW International in the 3rd quarter worth about $528,000. Ameriprise Financial Inc. bought a new stake in shares of WW International during the 3rd quarter valued at about $623,000. Finally, Mount Lucas Management LP purchased a new position in shares of WW International during the third quarter valued at about $1,094,000. Institutional investors 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.