WW International Inc (NASDAQ: WW) stock jumped 9.11% on Friday to $6.95 against a previous-day closing price of $6.37. With 6.45 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.27 million shares. During the session, the Personal Services company that operates in wider Consumer Cyclical sector, reached to the highest price of $7.04 whereas the lowest price it dropped to was $6.30. The 52-week range on WW shows that it touched its highest point at $13.31 and its lowest point at $3.28 during that stretch. It currently has a 1-year price target of $12.10. Beta for the stock currently stands at 1.72.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WW was down-trending over the past week, with a drop of -0.71%, but this was down by -31.29% over a month. Three-month performance dropped to -30.78% while six-month performance fell -9.74%. The stock gained 63.53% in the past year, while it has gained 80.05% so far this year. A look at the trailing 12-month EPS for WW yields -0.95 with Next year EPS estimates of 0.30. For the next quarter, that number is -0.07. This implies an EPS growth rate of -117.82% for this year and 295.50% for next year.
Float and Shares Shorts:
At present, 79.08 million WW shares are outstanding with a float of 76.83 million shares on hand for trading. On Oct 30, 2023, short shares totaled 11.57 million, which was 14.64% higher than short shares on Sep 28, 2023. In addition to WM as the firm’s Waste Management, Inc., W serves as its Wayfair Inc..
Institutional Ownership:
Through their ownership of 59.16% of WW’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 49.08% of WW, in contrast to 30.68% held by mutual funds. Shares owned by individuals account for 22.03%. As the largest shareholder in WW with 7.09% of the stake, Millennium Management LLC holds 5,601,990 shares worth 5,601,990. A second-largest stockholder of WW, Contrarius Investment Management, holds 5,316,589 shares, controlling over 6.73% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in WW, holding 4,105,865 shares or 5.20% stake. With a 8.67% stake in WW, the Contrarius ICAV – Global Equity F is the largest stakeholder. A total of 6,845,386 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.15% of WW stock, is the second-largest Mutual Fund holder. It holds 2,486,637 shares valued at 19.45 million. Columbia Small Cap Growth Fund holds 2.42% of the stake in WW, owning 1,912,366 shares worth 14.95 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WW since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With WW analysts setting a high price target of $18.00 and a low target of $8.00, the average target price over the next 12 months is $12.10. Based on these targets, WW could surge 158.99% to reach the target high and rise by 15.11% to reach the target low. Reaching the average price target will result in a growth of 74.1% from current levels.
Summary of Insider Activity:
Insiders traded WW stock several times over the past three months with 4 Buys and 0 Sells. In these transactions, 14,784 shares were bought while 0 shares were sold. The number of buy transactions has increased to 38 while that of sell transactions has risen to 9 over the past year. The total number of shares bought during that period was 258,305 while 14,890,629 shares were sold.
