WW International (NASDAQ:WW) Downgraded by StockNews.com

WW International (NASDAQ:WW) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Other equities analysts also recently issued research reports about the company. UBS Group cut their target price on WW International from $9.00 to $3.00 and set a “neutral” rating on the stock in a research report on Thursday, February 29th. The Goldman Sachs Group restated a “buy” rating on shares of WW International in a report on Thursday, February 1st. DA Davidson restated a “buy” rating and set a $12.50 price objective on shares of WW International in a report on Thursday, March 14th. Guggenheim restated a “buy” rating and set a $12.00 price objective on shares of WW International in a report on Monday, March 18th. Finally, Barclays dropped their price objective on WW International from $8.00 to $1.50 and set an “underweight” rating for the company in a report on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, WW International has a consensus rating of “Hold” and an average price target of $9.14.

WW International Price Performance

NASDAQ:WW opened at $1.78 on Thursday. WW International has a 1 year low of $1.56 and a 1 year high of $13.31. The stock’s 50 day simple moving average is $2.74 and its two-hundred day simple moving average is $5.85. The company has a market cap of $140.99 million, a price-to-earnings ratio of -1.11 and a beta of 1.77.

WW International (NASDAQ:WW) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). The business had revenue of $205.96 million during the quarter, compared to analyst estimates of $205.95 million. As a group, analysts anticipate that WW International will post -0.06 EPS for the current year.

Institutional Investors Weigh In On WW International

A number of hedge funds have recently made changes to their positions in WW. Teachers Retirement System of The State of Kentucky acquired a new position in WW International during the 3rd quarter valued at about $84,000. Captrust Financial Advisors increased its position in WW International by 49.9% during the 2nd quarter. Captrust Financial Advisors now owns 17,665 shares of the company’s stock valued at $119,000 after buying an additional 5,878 shares in the last quarter. Legato Capital Management LLC acquired a new position in WW International during the 2nd quarter valued at about $123,000. Connectus Wealth LLC acquired a new position in WW International during the 4th quarter valued at about $127,000. Finally, Counterpoint Mutual Funds LLC acquired a new position in WW International during the 3rd quarter valued at about $128,000. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

WW International Company Profile

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.