WW International, Inc. (NASDAQ:WW - Get Free Report) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 15,790,000 shares, a growth of 20.4% from the September 30th total of 13,110,000 shares. Based on an average trading volume of 8,110,000 shares, the days-to-cover ratio is currently 1.9 days.
Insider Activity at WW International
In other WW International news, CEO Sima Sistani purchased 65,000 shares of the company's stock in a transaction on Wednesday, August 7th. The stock was acquired at an average price of $0.75 per share, for a total transaction of $48,750.00. Following the completion of the purchase, the chief executive officer now directly owns 267,410 shares in the company, valued at approximately $200,557.50. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.12% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On WW International
Several institutional investors have recently bought and sold shares of WW. BNP Paribas Financial Markets raised its position in 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 acquiring an additional 79,026 shares in the last quarter. SG Americas Securities LLC boosted its holdings in WW International by 52.1% during the first quarter. SG Americas Securities LLC now owns 47,409 shares of the company's stock worth $88,000 after buying an additional 16,244 shares in the last quarter. Empirical Capital Management LLC acquired a new position in WW International in the first quarter worth approximately $185,000. Marshall Wace LLP increased 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 valued at $305,000 after buying an additional 160,200 shares in the last quarter. Finally, Prism Advisors Inc. lifted its position in shares of WW International by 110.0% during the 3rd quarter. Prism Advisors Inc. now owns 42,000 shares of the company's stock valued at $37,000 after acquiring an additional 22,000 shares during the last quarter. Institutional investors and hedge funds own 86.18% of the company's stock.
WW International Stock Performance
Shares of WW stock traded up $0.06 during mid-day trading on Monday, reaching $1.12. 3,856,423 shares of the company were exchanged, compared to its average volume of 5,714,651. The company has a market capitalization of $89.30 million, a P/E ratio of -0.24 and a beta of 1.72. The business's 50 day simple moving average is $0.99 and its 200 day simple moving average is $1.27. WW International has a fifty-two week low of $0.67 and a fifty-two week high of $9.77.
WW International (NASDAQ:WW - Get Free Report) last released its earnings results on Thursday, August 1st. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.16). The business had revenue of $202.07 million for the quarter, compared to analysts' expectations of $210.89 million. During the same period last year, the firm posted ($0.04) EPS. On average, analysts forecast that WW International will post -0.12 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on WW shares. Guggenheim cut their price target on shares of WW International from $12.00 to $6.00 and set a "buy" rating for the company in a report on Friday, August 2nd. UBS Group decreased their target price on WW International from $2.10 to $1.00 and set a "neutral" rating on the stock in a research report on Friday, August 2nd. Morgan Stanley cut shares of WW International from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $6.50 to $1.25 in a research note on Friday, July 26th. Finally, Barclays reaffirmed an "underweight" rating and issued a $0.75 price target on shares of WW International in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $4.50.
Read Our Latest Stock Analysis on WW
About WW International
(
Get Free Report)
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.
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