WW International (NASDAQ:WW) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

WW International, Inc. (NASDAQ:WW) shares passed 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 traded.

Wall Street Analyst Weigh In

Several research firms have commented on WW. CJS Securities initiated coverage on shares of WW International in a research report on Monday, September 15th. They set a “market perform” rating for the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of WW International in a report on Tuesday, October 14th. Finally, Wall Street Zen lowered WW International from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

WW International Price Performance

The firm has a market cap of $284.03 million, a P/E ratio of -4.91 and a beta of 1.30. The stock’s 50-day simple moving average is $28.20 and its two-hundred day simple moving average is $27.60.

WW International (NASDAQ:WW) last released 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 for the quarter, compared to analysts’ expectations of $161.38 million. As a group, sell-side analysts expect that WW International, Inc. will post -0.06 earnings per share for the current year.

Hedge Funds Weigh In On WW International

Large investors have recently bought and sold shares of the business. Covestor Ltd purchased a new stake in WW International in the third quarter worth $101,000. Mount Lucas Management LP bought a new stake in WW International during the 3rd quarter valued at about $1,094,000. Claret Asset Management Corp purchased a new stake in WW International in the 3rd quarter valued at about $280,000. Cooper Creek Partners Management LLC bought a new position in WW International in the 3rd quarter worth about $3,336,000. Finally, Ameriprise Financial Inc. purchased a new position in shares of WW International during the third quarter worth approximately $623,000. Hedge funds and other 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.