UBS Group Cuts WW International (NASDAQ:WW) Price Target to $1.00

WW International (NASDAQ:WW) had its target price decreased by UBS Group from $2.10 to $1.00 in a research note issued to investors on Friday, Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other brokerages have also recently issued reports on WW. Barclays lowered their price objective on shares of WW International from $1.50 to $0.75 and set an underweight rating on the stock in a research note on Friday. Morgan Stanley cut WW International from an overweight rating to an equal weight rating and dropped their price target for the company from $6.50 to $1.25 in a report on Friday, July 26th. StockNews.com cut WW International from a hold rating to a sell rating in a report on Thursday, May 9th. Finally, DA Davidson reduced their target price on WW International from $12.50 to $6.00 and set a buy rating for the company in a report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $5.29.

WW International Price Performance

WW International stock opened at $0.78 on Friday. WW International has a 12-month low of $0.72 and a 12-month high of $13.31. The stock has a market capitalization of $61.57 million, a PE ratio of -0.18, a price-to-earnings-growth ratio of 0.45 and a beta of 1.66. The firm has a 50 day simple moving average of $1.28 and a 200-day simple moving average of $2.20.

WW International (NASDAQ:WW) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.16). The firm had revenue of $202.07 million during the quarter, compared to the consensus estimate of $210.89 million. During the same quarter in the previous year, the company earned ($0.04) earnings per share. On average, analysts forecast that WW International will post 0.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On WW International

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC grew its stake in shares of WW International by 52.1% in the 1st quarter. SG Americas Securities LLC now owns 47,409 shares of the company’s stock valued at $88,000 after buying an additional 16,244 shares in the last quarter. Connectus Wealth LLC acquired a new position in shares of WW International during the 4th quarter worth $127,000. Empirical Capital Management LLC bought a new position in shares of WW International during the 1st quarter valued at $185,000. BNP Paribas Financial Markets lifted its stake in shares of WW International by 229.7% in the 1st quarter. BNP Paribas Financial Markets now owns 113,427 shares of the company’s stock valued at $210,000 after purchasing an additional 79,026 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in WW International in the fourth quarter worth $993,000. Hedge funds and other institutional investors own 86.18% of the company’s stock.

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.