WW International (NASDAQ:WW) Downgraded to Equal Weight at Morgan Stanley

Morgan Stanley lowered shares of WW International (NASDAQ:WW) from an overweight rating to an equal weight rating in a research report sent to investors on Friday morning, MarketBeat Ratings reports. The brokerage currently has $1.25 target price on the stock, down from their previous target price of $6.50.

Several other research analysts have also issued reports on WW. StockNews.com lowered shares of WW International from a hold rating to a sell rating in a report on Thursday, May 9th. UBS Group cut their target price on WW International from $3.00 to $2.10 and set a neutral rating on the stock in a research report on Thursday, April 25th. Finally, DA Davidson lowered their price target on WW International from $12.50 to $6.00 and set a buy rating for the company in a research report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Hold and an average target price of $6.41.

WW International Stock Performance

NASDAQ WW opened at $1.16 on Friday. The firm’s fifty day moving average price is $1.36 and its two-hundred day moving average price is $2.43. The stock has a market cap of $91.56 million, a PE ratio of -0.27, a PEG ratio of 0.68 and a beta of 1.66. WW International has a fifty-two week low of $1.09 and a fifty-two week high of $13.31.

WW International (NASDAQ:WW) last issued its quarterly earnings data on Thursday, May 2nd. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.37. The firm had revenue of $206.55 million for the quarter, compared to the consensus estimate of $203.34 million. As a group, sell-side analysts predict that WW International will post 0.13 earnings per share for the current fiscal year.

Institutional Trading of WW International

Hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its holdings in WW International by 52.1% in the 1st 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 during the period. Connectus Wealth LLC purchased a new stake in WW International during the fourth quarter valued at about $127,000. Empirical Capital Management LLC purchased a new position in WW International in the 1st quarter worth $185,000. BNP Paribas Financial Markets lifted its stake 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 purchasing an additional 79,026 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in WW International during the fourth quarter valued at about $993,000. Institutional investors own 86.18% of the company’s stock.

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.