WW International Target of Unusually Large Options Trading (NASDAQ:WW)

WW International, Inc. (NASDAQ:WW - Get Free Report) was the recipient of some unusual options trading activity on Wednesday. Investors bought 17,056 call options on the stock. This represents an increase of 1,502% compared to the typical daily volume of 1,065 call options.

WW International Stock Up 37.9 %

Shares of NASDAQ WW traded up $0.44 during trading hours on Wednesday, hitting $1.60. 164,056,099 shares of the stock were exchanged, compared to its average volume of 5,155,172. The company has a market cap of $127.57 million, a PE ratio of -0.37 and a beta of 1.72. The firm has a fifty day moving average price of $0.86 and a 200-day moving average price of $1.31. WW International has a 12 month low of $0.67 and a 12 month high of $13.31.

WW International (NASDAQ:WW - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.16). The company had revenue of $202.07 million for the quarter, compared to analysts' expectations of $210.89 million. During the same period in the previous year, the business posted ($0.04) EPS. As a group, equities analysts anticipate that WW International will post -0.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Morgan Stanley cut shares of WW International from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $6.50 to $1.25 in a research note on Friday, July 26th. Barclays dropped their price target on shares of WW International from $1.50 to $0.75 and set an "underweight" rating for the company in a research note on Friday, August 2nd. UBS Group dropped their price target on shares of WW International from $2.10 to $1.00 and set a "neutral" rating for the company in a research note on Friday, August 2nd. Finally, Guggenheim dropped their price target on shares of WW International from $12.00 to $6.00 and set a "buy" rating for the company in a research note on Friday, August 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $4.50.

Insider Activity

In related news, CEO Sima Sistani purchased 65,000 shares of WW International stock in a transaction on Wednesday, August 7th. The shares were bought at an average cost of $0.75 per share, for a total transaction of $48,750.00. Following the acquisition, the chief executive officer now owns 267,410 shares in the company, valued at approximately $200,557.50. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 8.12% of the company's stock.

Institutional Investors Weigh In On WW International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Connectus Wealth LLC acquired a new stake in shares of WW International during the fourth quarter worth $127,000. SG Americas Securities LLC increased its stake in shares of WW International by 52.1% in the first quarter. SG Americas Securities LLC now owns 47,409 shares of the company's stock worth $88,000 after acquiring an additional 16,244 shares during the period. Empirical Capital Management LLC acquired a new stake in shares of WW International in the first quarter worth $185,000. BNP Paribas Financial Markets raised its holdings in shares of WW International by 229.7% during the first quarter. BNP Paribas Financial Markets now owns 113,427 shares of the company's stock worth $210,000 after purchasing an additional 79,026 shares during the last quarter. Finally, Barometer Capital Management Inc. raised its holdings in shares of WW International by 16.7% during the fourth quarter. Barometer Capital Management Inc. now owns 220,300 shares of the company's stock worth $1,928,000 after purchasing an additional 31,600 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.

About WW International

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.