WW International (NASDAQ:WW) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of WW International, Inc. (NASDAQ:WW) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $19.44 and traded as high as $20.00. WW International shares last traded at $18.41, with a volume of 245,617 shares.

Wall Street Analysts Forecast Growth

WW has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of WW International in a research note on Wednesday, June 17th. Zacks Research upgraded shares of WW International from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Wall Street Zen downgraded WW International from a “sell” rating to a “strong sell” rating in a report on Saturday, May 9th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, WW International has a consensus rating of “Reduce”.

WW International Stock Down 4.1%

The stock has a market cap of $184.08 million, a price-to-earnings ratio of -3.18 and a beta of 1.30. The stock’s fifty day moving average is $13.26 and its 200-day moving average is $19.44.

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

Insider Activity

In other news, Director Eugene I. Davis acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was acquired at an average price of $14.73 per share, for a total transaction of $147,300.00. Following the transaction, the director directly owned 21,648 shares in the company, valued at approximately $318,875.04. This represents a 85.85% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Over the last three months, insiders have acquired 23,148 shares of company stock valued at $314,835. 0.39% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cooper Creek Partners Management LLC grew 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 during the period. Invesco Senior Secured Management Inc. ADV acquired a new stake in shares of WW International during the fourth quarter worth about $4,989,000. Geode Capital Management LLC raised its position 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 period. Mount Lucas Management LP bought a new position in shares of WW International during the 3rd quarter valued at about $1,094,000. Finally, Marshall Wace LLP bought a new position in shares of WW International during the 4th quarter valued at about $1,108,000. 86.18% of the stock is currently owned by 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.