FY2024 Earnings Forecast for WW International, Inc. (NASDAQ:WW) Issued By DA Davidson

WW International, Inc. (NASDAQ:WW) – Research analysts at DA Davidson lifted their FY2024 earnings per share estimates for WW International in a research note issued on Monday, May 6th. DA Davidson analyst L. Weiser now anticipates that the company will post earnings per share of $0.12 for the year, up from their previous estimate of ($0.02). DA Davidson has a “Buy” rating and a $6.00 price objective on the stock. The consensus estimate for WW International’s current full-year earnings is ($0.03) per share.

WW International (NASDAQ:WW) last released its earnings results on Wednesday, February 28th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.07). The firm had revenue of $205.96 million during the quarter, compared to analyst estimates of $205.95 million.

A number of other brokerages also recently issued reports on WW. Barclays cut their target price on WW International from $8.00 to $1.50 and set an “underweight” rating for the company in a research note on Friday, March 1st. Guggenheim reaffirmed a “buy” rating and set a $12.00 target price on shares of WW International in a research note on Monday, March 18th. The Goldman Sachs Group reissued a “buy” rating on shares of WW International in a research note on Thursday, February 1st. UBS Group reduced their price target on shares of WW International from $3.00 to $2.10 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. Finally, StockNews.com cut WW International from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, WW International has a consensus rating of “Hold” and a consensus target price of $8.09.

WW International Trading Down 9.6 %

NASDAQ:WW opened at $1.89 on Wednesday. WW International has a twelve month low of $1.51 and a twelve month high of $13.31. The company has a market cap of $149.84 million, a P/E ratio of -0.44 and a beta of 1.75. The company’s 50-day moving average price is $2.07 and its 200-day moving average price is $4.88.

Hedge Funds Weigh In On WW International

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC lifted its position in shares of WW International by 52.1% during the 1st quarter. SG Americas Securities LLC now owns 47,409 shares of the company’s stock worth $88,000 after buying an additional 16,244 shares during the last quarter. Connectus Wealth LLC purchased a new stake in WW International in the fourth quarter valued at $127,000. Raymond James Trust N.A. acquired a new position in WW International in the fourth quarter valued at $175,000. BNP Paribas Financial Markets grew its holdings in shares of WW International by 229.7% during the first quarter. BNP Paribas Financial Markets now owns 113,427 shares of the company’s stock worth $210,000 after purchasing an additional 79,026 shares during the last quarter. Finally, Advisors Preferred LLC acquired a new stake in shares of WW International during the third quarter worth about $268,000. Hedge funds and other 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.