WW International (NASDAQ:WW) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of WW International (NASDAQ:WW) from a hold rating to a strong sell rating in a research report sent to investors on Monday,Zacks.com reports.

A number of other analysts have also weighed in on WW. Weiss Ratings reiterated a “sell (d+)” rating on shares of WW International in a research note on Friday, January 9th. Wall Street Zen downgraded WW International from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

WW International Stock Performance

WW International stock opened at $23.75 on Monday. The business’s 50-day simple moving average is $25.79 and its two-hundred day simple moving average is $29.07. The company has a market cap of $237.19 million, a PE ratio of -4.10 and a beta of 1.30. WW International has a fifty-two week low of $18.00 and a fifty-two week high of $46.95.

Institutional Trading of WW International

Hedge funds have recently modified their holdings of the stock. Cooper Creek Partners Management LLC bought a new position in shares of WW International during the third quarter worth approximately $3,336,000. Geode Capital Management LLC lifted its holdings in shares of WW International by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 113,610 shares of the company’s stock worth $3,321,000 after buying an additional 4,251 shares in the last quarter. Mount Lucas Management LP bought a new stake in shares of WW International in the third quarter valued at about $1,094,000. Ameriprise Financial Inc. bought a new stake in shares of WW International in the third quarter valued at about $623,000. Finally, Tudor Investment Corp ET AL acquired a new position in shares of WW International in the third quarter valued at about $528,000. 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.