Morgan Stanley Lowers WW International (NASDAQ:WW) to Equal Weight

Morgan Stanley downgraded shares of WW International (NASDAQ:WW) from an overweight rating to an equal weight rating in a report released on Friday, MarketBeat reports. Morgan Stanley currently has $1.25 price objective on the stock, down from their prior price objective of $6.50.

WW has been the topic of several other research reports. UBS Group decreased their price objective on WW International from $3.00 to $2.10 and set a neutral rating on the stock in a report on Thursday, April 25th. DA Davidson decreased their price objective on WW International from $12.50 to $6.00 and set a buy rating on the stock in a report on Friday, May 3rd. Finally, StockNews.com lowered WW International from a hold rating to a sell rating in a report on Thursday, May 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $6.41.

WW International Stock Performance

Shares of WW stock opened at $1.18 on Friday. The stock’s 50 day simple moving average is $1.35 and its 200 day simple moving average is $2.34. WW International has a twelve month low of $1.09 and a twelve month high of $13.31. The company has a market capitalization of $93.55 million, a price-to-earnings ratio of -0.27, a PEG ratio of 0.59 and a beta of 1.66.

WW International (NASDAQ:WW) last issued its quarterly earnings results on Thursday, May 2nd. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.43) by $0.37. The business had revenue of $206.55 million during the quarter, compared to the consensus estimate of $203.34 million. On average, analysts forecast that WW International will post 0.13 EPS for the current fiscal year.

Institutional Investors Weigh In On WW International

A number of institutional investors and hedge funds have recently made changes to their positions in WW. SG Americas Securities LLC raised its position in shares of WW International by 52.1% during the first quarter. SG Americas Securities LLC now owns 47,409 shares of the company’s stock worth $88,000 after acquiring an additional 16,244 shares during the last quarter. Connectus Wealth LLC bought a new stake in WW International in the fourth quarter valued at about $127,000. Empirical Capital Management LLC bought a new stake in WW International in the first quarter valued at about $185,000. BNP Paribas Financial Markets increased its holdings in WW International by 229.7% in the first 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 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.