Weight Watchers International, Inc. (NASDAQ:WW) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totalling 9,120,300 shares, a drop of 10.0% from the May 30th total of 10,128,400 shares. Based on an average daily trading volume, of 3,020,000 shares, the days-to-cover ratio is presently 3.0 days. Approximately 15.0% of the company’s stock are short sold.

WW has been the subject of several recent analyst reports. ValuEngine downgraded shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Zacks Investment Research downgraded shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Saturday, May 11th. B. Riley raised their target price on shares of Rogers from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. set a €33.40 ($38.84) target price on shares of Siemens Healthineers and gave the company a “neutral” rating in a research note on Thursday. Finally, Bank of America restated a “buy” rating and issued a $143.00 target price on shares of Xilinx in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $23.00.

NASDAQ:WW opened at $24.50 on Friday. Weight Watchers International has a 12 month low of $16.71 and a 12 month high of $96.47. The business’s fifty day moving average is $19.53. The firm has a market capitalization of $1.64 billion, a P/E ratio of 9.88, a P/E/G ratio of 1.28 and a beta of 2.34.

Weight Watchers International (NASDAQ:WW) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($0.16) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.10. Weight Watchers International had a net margin of 11.84% and a negative return on equity of 20.48%. The business had revenue of $363.00 million during the quarter, compared to the consensus estimate of $365.91 million. During the same period in the previous year, the firm posted $0.31 earnings per share. The business’s revenue for the quarter was down 11.0% compared to the same quarter last year. As a group, analysts expect that Weight Watchers International will post 1.53 earnings per share for the current year.

In related news, General Counsel Michael F. Colosi sold 16,993 shares of Weight Watchers International stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $17.03, for a total transaction of $289,390.79. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Michael F. Colosi sold 16,898 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $22.41, for a total transaction of $378,684.18. The disclosure for this sale can be found here. Company insiders own 12.03% of the company’s stock.

Weight Watchers International Company Profile

Weight Watchers International, Inc provides weight management services worldwide. The company operates in four segments: North America, Continental Europe, United Kingdom, and Other. It provides a range of products and services comprising nutritional, activity, behavioral, and lifestyle tools and approaches.

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