Morgan Stanley Issues Pessimistic Forecast for WW International (NASDAQ:WW) Stock Price

WW International (NASDAQ:WW - Get Free Report) had its price objective cut by equities research analysts at Morgan Stanley from $38.00 to $34.50 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Morgan Stanley's price target would suggest a potential upside of 41.05% from the stock's previous close.Get WW International alerts:Woodward: Delivering Critical Components for the Aerospace BoomOther analysts have also issued research reports about the stock. Wall Street Zen lowered shares of WW International from a "hold" rating to a "sell" rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of WW International in a research note on Friday, January 9th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus price target of $34.50.Read Our Latest Stock Report on WWWW International Trading Down 6.0%Is It Time to Lock in Profits on These 3 Overbought Stocks?WW stock traded down $1.56 during trading on Thursday, hitting $24.46. 282,065 shares of the stock traded hands, compared to its average volume of 446,267. The company has a 50 day simple moving average of $27.70 and a 200 day simple moving average of $29.97. WW International has a one year low of $20.53 and a one year high of $46.95. The stock has a market cap of $244.28 million, a price-to-earnings ratio of -4.19 and a beta of 1.30. WW International (NASDAQ:WW - Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.30). The company had revenue of $172.09 million for the quarter, compared to analysts' expectations of $161.38 million. As a group, analysts predict that WW International will post -0.06 earnings per share for the current fiscal year. Institutional Trading of WW InternationalLifeMD Shares Come Back to Life on GLP-1 Business Growth Several large investors have recently modified their holdings of WW. Covestor Ltd bought a new stake in shares of WW International in the third quarter valued at approximately $101,000. Mount Lucas Management LP purchased a new stake in shares of WW International during the third quarter worth $1,094,000. Claret Asset Management Corp bought a new position in shares of WW International in the third quarter worth $280,000. Cooper Creek Partners Management LLC bought a new stake in shares of WW International during the 3rd quarter valued at $3,336,000. Finally, Ameriprise Financial Inc. purchased a new stake in WW International during the 3rd quarter worth about $623,000. Institutional investors and hedge funds own 86.18% of the company's stock. WW International Company Profile (Get Free Report)WW International, Inc NASDAQ: WW is a global wellness and weight management company that provides a range of subscription-based programs, digital tools and personalized coaching services. Originally founded in 1963 by Jean Nidetch as a small support group in New York City, the company grew into the well-known Weight Watchers brand before rebranding as WW in 2018 to reflect an expanded focus on overall health, fitness and nutrition. Over the years, WW has introduced innovations such as the SmartPoints® system, which assigns values to foods based on their nutritional composition, and the MyWW® personalized wellness plan, which tailors recommendations to individual lifestyles and goals. WW's offerings span digital and in-person channels.Featured ArticlesFive stocks we like better than WW InternationalElon Taking SpaceX Public! $100 Pre-IPO Opportunity!How a Family Trust May Be Able To Help Preserve Your WealthA U.S. “birthright” claim worth trillions - activated quietlyExecutive Order 14330: Trump’s Biggest YetThe Crash Has Already Started (Most Just Don’t See It Yet)This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in WW International Right Now?Before you consider WW International, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WW International wasn't on the list.While WW International currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here