WW International (NASDAQ:WW) Shares Pass Above 200-Day Moving Average – Should You Sell?

WW International, Inc. (NASDAQ:WW)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $19.83 and traded as high as $19.90. WW International shares last traded at $19.58, with a volume of 291,081 shares.

Wall Street Analysts Forecast Growth

WW has been the subject of several research reports. Wall Street Zen downgraded shares of WW International from a “sell” rating to a “strong sell” rating in a report on Saturday, May 9th. Zacks Research raised shares of WW International from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce”.

WW International Price Performance

The firm has a market capitalization of $195.78 million, a PE ratio of -3.38 and a beta of 1.30. The stock’s 50-day moving average price is $12.40 and its 200 day moving average price is $19.83.

WW International (NASDAQ:WW) last issued its earnings results on Thursday, May 7th. The company reported ($5.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.85) by ($4.35). The firm had revenue of $168.26 million for the quarter, compared to analyst estimates of $149.80 million. Equities research analysts forecast that WW International, Inc. will post -0.06 earnings per share for the current fiscal year.

Insider Transactions at WW International

In other WW International news, Director Eugene I. Davis acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were bought at an average cost of $14.73 per share, with a total value of $147,300.00. Following the completion of the acquisition, the director directly owned 21,648 shares in the company, valued at $318,875.04. This represents a 85.85% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased 23,148 shares of company stock worth $314,835 over the last 90 days. Company insiders own 8.12% of the company’s stock.

Hedge Funds Weigh In On WW International

Several institutional investors have recently bought and sold shares of WW. Cooper Creek Partners Management LLC boosted its stake in WW International by 50.1% in the first quarter. Cooper Creek Partners Management LLC now owns 975,419 shares of the company’s stock valued at $13,402,000 after acquiring an additional 325,434 shares in the last quarter. Invesco Senior Secured Management Inc. ADV acquired a new stake in shares of WW International during the fourth quarter worth $4,989,000. Marshall Wace LLP acquired a new stake in shares of WW International during the fourth quarter worth $1,108,000. Quinn Opportunity Partners LLC purchased a new position in shares of WW International during the fourth quarter worth $1,010,000. Finally, Geode Capital Management LLC raised 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 purchasing an additional 4,251 shares during the last quarter. 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.