WW International (NASDAQ:WW) Issues Earnings Results, Beats Estimates By $0.19 EPS

WW International (NASDAQ:WW) announced its quarterly earnings data on Wednesday. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.19, reports. The firm had revenue of $192.89 million during the quarter, compared to analysts’ expectations of $188.49 million.

WW International Price Performance

WW International stock opened at $1.03 on Friday. WW International has a 1-year low of $0.67 and a 1-year high of $9.77. The company’s 50-day moving average is $1.01 and its 200 day moving average is $1.24.

Wall Street Analysts Forecast Growth

WW has been the subject of a number of research reports. Barclays reiterated an “underweight” rating and set a $0.75 target price on shares of WW International in a research note on Thursday, October 10th. Guggenheim cut their price objective on shares of WW International from $12.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. UBS Group cut their price objective on shares of WW International from $2.10 to $1.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, Morgan Stanley downgraded shares of WW International from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $6.50 to $1.25 in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, WW International presently has an average rating of “Hold” and a consensus target price of $4.50.

Hedge Funds Weigh In On WW International

A number of hedge funds have recently added to or reduced their stakes in WW. SG Americas Securities LLC boosted its stake in WW International by 52.1% in the first quarter. SG Americas Securities LLC now owns 47,409 shares of the company’s stock valued at $88,000 after acquiring an additional 16,244 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of WW International by 229.7% in the first quarter. BNP Paribas Financial Markets now owns 113,427 shares of the company’s stock worth $210,000 after buying an additional 79,026 shares during the last quarter. Prism Advisors Inc. raised its holdings in shares of WW International by 110.0% in the third quarter. Prism Advisors Inc. now owns 42,000 shares of the company’s stock worth $37,000 after buying an additional 22,000 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of WW International by 159.9% in the second quarter. Marshall Wace LLP now owns 260,400 shares of the company’s stock worth $305,000 after buying an additional 160,200 shares during the last quarter. Finally, Empirical Capital Management LLC purchased a new position in shares of WW International in the first quarter worth $185,000. 86.18% of the stock is currently owned by 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.