The Goldman Sachs Group Upgrades WW International (NASDAQ:WW) to Buy

Posted by Defense World Staff on Apr 11th, 2023

The Goldman Sachs Group upgraded shares of WW International (NASDAQ:WW – Get Rating) from a neutral rating to a buy rating in a research report sent to investors on Monday, The Fly reports.

Other equities analysts also recently issued research reports about the company. Craig Hallum downgraded WW International from a hold rating to a sell rating and set a $4.00 target price on the stock. in a research note on Wednesday, March 8th. DA Davidson reaffirmed a buy rating and set a $9.00 target price on shares of WW International in a research report on Tuesday, March 28th. Finally, Morgan Stanley lowered their target price on WW International from $5.00 to $3.00 and set an equal weight rating on the stock in a research note on Wednesday, January 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, WW International currently has a consensus rating of Hold and an average price target of $4.96.

WW International Stock Performance

WW International stock opened at $4.12 on Monday. The stock’s 50 day moving average price is $4.35 and its two-hundred day moving average price is $4.20. The stock has a market capitalization of $290.83 million, a price-to-earnings ratio of -1.15 and a beta of 1.65. WW International has a 52-week low of $3.28 and a 52-week high of $11.03.

WW International (NASDAQ:WW – Get Rating) last issued its earnings results on Monday, March 6th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.02. WW International had a negative net margin of 24.15% and a negative return on equity of 9.89%. The business had revenue of $223.92 million for the quarter, compared to analyst estimates of $226.01 million. On average, equities research analysts forecast that WW International will post -0.11 EPS for the current year.

Hedge Funds Weigh In On WW International

Several hedge funds have recently made changes to their positions in WW. MetLife Investment Management LLC lifted its position in WW International by 26.0% in the third quarter. MetLife Investment Management LLC now owns 29,393 shares of the company’s stock valued at $116,000 after purchasing an additional 6,057 shares during the last quarter. New York State Common Retirement Fund boosted its stake in WW International by 14.3% during the third quarter. New York State Common Retirement Fund now owns 117,724 shares of the company’s stock worth $463,000 after acquiring an additional 14,689 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in shares of WW International in the 3rd quarter worth approximately $81,000. Raymond James Trust N.A. increased its stake in WW International by 138.9% during the 3rd quarter. Raymond James Trust N.A. now owns 36,118 shares of the company’s stock valued at $142,000 after purchasing an additional 21,000 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in WW International in the 1st quarter worth about $267,000. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

WW International Company Profile

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WW International, Inc engages in the provision of weight management services. It operates through the following geographical segments: North America, United Kingdom, Continental Europe and Other. The North America segment consists of United States and Canada company-owned operations. The United Kingdom segment includes United Kingdom company-owned operations.