Traders Purchase High Volume of Call Options on WW International (NASDAQ:WW)

Posted by Defense World Staff on Sep 7th, 2023

WW International, Inc. (NASDAQ:WW – Get Free Report) was the recipient of some unusual options trading activity on Wednesday. Traders purchased 18,203 call options on the company. This is an increase of 148% compared to the average daily volume of 7,334 call options.

Wall Street Analyst Weigh In

A number of analysts recently commented on WW shares. DA Davidson boosted their target price on shares of WW International from $11.00 to $12.50 and gave the stock a “buy” rating in a report on Friday, August 4th. StockNews.com upgraded shares of WW International from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Morgan Stanley restated an “overweight” rating and set a $13.00 price target on shares of WW International in a report on Friday, August 4th. One investment analyst has 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 has an average rating of “Hold” and an average target price of $9.17.

Read Our Latest Analysis on WW

Institutional Investors Weigh In On WW International

A number of hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in shares of WW International in the 1st quarter valued at about $104,000. BNP Paribas Arbitrage SNC boosted its stake in WW International by 69.5% during the 1st quarter. BNP Paribas Arbitrage SNC now owns 58,198 shares of the company’s stock worth $240,000 after acquiring an additional 23,861 shares during the last quarter. Quantbot Technologies LP boosted its stake in WW International by 17.3% during the 2nd quarter. Quantbot Technologies LP now owns 30,672 shares of the company’s stock worth $195,000 after acquiring an additional 4,516 shares during the last quarter. Raymond James Trust N.A. boosted its stake in WW International by 15.2% during the 1st quarter. Raymond James Trust N.A. now owns 15,118 shares of the company’s stock worth $155,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Legato Capital Management LLC bought a new position in WW International during the 2nd quarter worth approximately $123,000. Institutional investors own 71.23% of the company’s stock.

WW International Trading Up 14.2 %

NASDAQ WW opened at $11.17 on Thursday. The company has a market cap of $882.09 million, a P/E ratio of -2.47 and a beta of 1.83. The company has a fifty day simple moving average of $9.32 and a 200 day simple moving average of $7.98. WW International has a 1 year low of $3.28 and a 1 year high of $12.13.

WW International (NASDAQ:WW – Get Free Report) last announced its earnings results on Thursday, August 3rd. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12). The firm had revenue of $226.83 million for the quarter, compared to analyst estimates of $229.94 million. WW International had a negative return on equity of 3.07% and a negative net margin of 32.51%. Equities research analysts forecast that WW International will post -0.16 EPS for the current fiscal year.

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, including personal coaching and digital products; and allows members to inspire and support each other by sharing their experiences with other people on weight loss and weight management journeys.