WW International (NASDAQ:WW) Shares Pass Above 200-Day Moving Average – Here’s What Happened

WW International, Inc. (NASDAQ:WW) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.11 and traded as high as $1.13. WW International shares last traded at $1.09, with a volume of 791,204 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Barclays reaffirmed an “underweight” rating and issued a $0.75 price objective on shares of WW International in a report on Thursday, October 10th. StockNews.com raised WW International from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. One equities research analyst has 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.com, the stock has an average rating of “Hold” and an average price target of $3.00.

WW International Stock Performance

The company has a fifty day simple moving average of $1.31 and a two-hundred day simple moving average of $1.11. The company has a market capitalization of $87.05 million, a price-to-earnings ratio of -0.19 and a beta of 1.73.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in WW. Marshall Wace LLP raised its position in shares of WW International by 159.9% in the 2nd quarter. Marshall Wace LLP now owns 260,400 shares of the company’s stock worth $305,000 after buying an additional 160,200 shares during the period. Prism Advisors Inc. raised its position in shares of WW International by 110.0% in the 3rd quarter. Prism Advisors Inc. now owns 42,000 shares of the company’s stock worth $37,000 after buying an additional 22,000 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of WW International by 14.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,014,475 shares of the company’s stock worth $891,000 after buying an additional 130,180 shares during the period. 86.18% of the stock is owned by hedge funds and other institutional investors.

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.