In yesterday’s Wall Street session, WW International Inc. (NASDAQ:WW) shares traded at $8.24, up 6.19% from the previous session.
As of this writing, 6 analysts cover WW International Inc. (NASDAQ:WW). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $13.00 and a low of $4.00, we find $7.50. Given the previous closing price of $7.76, this indicates a potential downside of -3.35 percent. WW stock price is now 13.11% away from the 50-day moving average and 54.39% away from the 200-day moving average. The market capitalization of the company currently stands at $610.42M.
There are 3 analysts who have given it a hold rating, whereas 2 have given it a buy rating. Brokers who have rated the stock have averaged $7.90 as their price target over the next twelve months.
With the price target enhanced from $3.80 to $13, Goldman Upgraded its rating from Neutral to Buy for WW International Inc. (NASDAQ: WW).
In other news, KELLY DENIS F, Director bought 16,000 shares of the company’s stock on May 11. The stock was bought for $109,760 at an average price of $6.86. Upon completion of the transaction, the Director now directly owns 96,921 shares in the company, valued at $0.8 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 10, 10% Owner Westend S.A. sold 14,818,300 shares of the business’s stock. A total of $105,950,845 was realized by selling the stock at an average price of $7.15. Insiders disposed of 14,903,579 shares of company stock worth roughly $122.81 million over the past 1 year. A total of 2.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WW stock. A new stake in WW International Inc. shares was purchased by CONTRARIUS INVESTMENT MANAGEMENT LTD during the first quarter worth $54,658,000. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP invested $19,261,000 in shares of WW during the first quarter. In the first quarter, MARSHALL WACE, LLP acquired a new stake in WW International Inc. valued at approximately $5,650,000. HRT FINANCIAL LP acquired a new stake in WW for approximately $4,797,000. INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC purchased a new stake in WW valued at around $601,000 in the second quarter. In total, there are 237 active investors with 83.40% ownership of the company’s stock.
Friday morning saw WW International Inc. (NASDAQ: WW) opened at $7.87. During the past 12 months, WW International Inc. has had a low of $3.28 and a high of $10.02. The fifty day moving average price for WW is $7.28 and a two-hundred day moving average price translates $5.36 for the stock.
The latest earnings results from WW International Inc. (NASDAQ: WW) was released for Mar, 2023. According to the Personal Services Company, earnings per share came in at -$1.68, missing analysts’ expectations of -$0.5 by -1.18. This compares to -$0.12 EPS in the same period last year. The net profit margin was -36.70% and return on equity was 55.60% for WW. The company reported revenue of $241.9 million for the quarter, compared to $297.76 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -18.76 percent. For the current quarter, analysts expect WW to generate $229.47M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/11/2013. Investors who held shares on 09/27/2013 were paid a $0.175 dividend.
WW International Inc.(WW) 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, including personal coaching and digital products; and allows members to inspire and support each other by sharing their experiences with other people on weight loss and weight management journeys. In addition, it offers various consumer products, including bars, snacks, cookbooks, kitchen tools, and other products. Further, the company licenses its trademarks and other intellectual property in food, beverages, and other relevant consumer products and services, as well as provides publishing services. It offers products through e-commerce platforms and through partners. The company was formerly known as Weight Watchers International, Inc. and changed its name to WW International, Inc. in September 2019. WW International, Inc. was founded in 1961 and is headquartered in New York, New York.
