WW International (NASDAQ:WW) Stock Rating Reaffirmed by Barclays

Barclays reissued their underweight rating on shares of WW International (NASDAQ:WW) in a report published on Thursday morning, Benzinga reports. Barclays currently has a $0.75 price objective on the stock.

Several other brokerages also recently issued reports on WW. UBS Group reduced their price objective on WW International from $2.10 to $1.00 and set a neutral rating on the stock in a research report on Friday, August 2nd. Morgan Stanley cut shares of WW International from an overweight rating to an equal weight rating and decreased their price target for the stock from $6.50 to $1.25 in a research note on Friday, July 26th. Finally, Guggenheim cut their price objective on shares of WW International from $12.00 to $6.00 and set a buy rating for the company in a research report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $4.50.

WW International Stock Performance

NASDAQ:WW opened at $1.96 on Thursday. The firm has a 50-day moving average price of $0.88 and a two-hundred day moving average price of $1.31. WW International has a twelve month low of $0.67 and a twelve month high of $13.26.

WW International (NASDAQ:WW) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.16). The firm had revenue of $202.07 million for the quarter, compared to analyst estimates of $210.89 million. During the same period last year, the business posted ($0.04) earnings per share. On average, equities analysts anticipate that WW International will post -0.13 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Sima Sistani acquired 65,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average cost of $0.75 per share, for a total transaction of $48,750.00. Following the acquisition, the chief executive officer now directly owns 267,410 shares in the company, valued at approximately $200,557.50. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 8.12% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Marshall Wace LLP raised its position in WW International by 159.9% in the second quarter. Marshall Wace LLP now owns 260,400 shares of the company’s stock valued at $305,000 after purchasing an additional 160,200 shares during the period. Empirical Capital Management LLC purchased a new stake in shares of WW International during the 1st quarter valued at about $185,000. SG Americas Securities LLC raised its holdings in shares of WW International by 52.1% during the 1st quarter. SG Americas Securities LLC now owns 47,409 shares of the company’s stock valued at $88,000 after buying an additional 16,244 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in WW International by 229.7% during the 1st quarter. BNP Paribas Financial Markets now owns 113,427 shares of the company’s stock worth $210,000 after acquiring an additional 79,026 shares in the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

About WW International

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.