NutriSystem Inc. (NASDAQ:NTRI) insider Keira Krausz sold 5,000 shares of the business’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $50.96, for a total value of $254,800.00. Following the completion of the sale, the insider now directly owns 75,463 shares in the company, valued at approximately $3,845,594.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Keira Krausz also recently made the following trade(s):
- On Monday, December 11th, Keira Krausz sold 10,000 shares of NutriSystem stock. The stock was sold at an average price of $51.20, for a total value of $512,000.00.
Shares of NutriSystem Inc. (NTRI) traded up $0.95 during trading on Friday, hitting $52.50. The stock had a trading volume of 297,810 shares, compared to its average volume of 315,169. The firm has a market capitalization of $1,548.53, a price-to-earnings ratio of 28.69, a PEG ratio of 1.23 and a beta of 1.01. NutriSystem Inc. has a 12 month low of $31.60 and a 12 month high of $67.95.
NutriSystem (NASDAQ:NTRI) last announced its earnings results on Wednesday, October 25th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. The company had revenue of $158.10 million for the quarter, compared to analyst estimates of $155.21 million. NutriSystem had a return on equity of 49.69% and a net margin of 8.27%. NutriSystem’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 earnings per share. sell-side analysts predict that NutriSystem Inc. will post 1.95 EPS for the current year.
NutriSystem announced that its Board of Directors has initiated a share repurchase program on Wednesday, October 25th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
Institutional investors have recently made changes to their positions in the company. Cypress Capital Management LLC WY acquired a new stake in shares of NutriSystem during the third quarter worth $112,000. Riverhead Capital Management LLC grew its holdings in shares of NutriSystem by 62.1% during the second quarter. Riverhead Capital Management LLC now owns 2,431 shares of the company’s stock valued at $126,000 after buying an additional 931 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of NutriSystem by 10.9% during the second quarter. Ameritas Investment Partners Inc. now owns 2,608 shares of the company’s stock valued at $136,000 after buying an additional 257 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of NutriSystem by 17.7% during the second quarter. Victory Capital Management Inc. now owns 2,646 shares of the company’s stock valued at $138,000 after buying an additional 397 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of NutriSystem during the second quarter valued at $199,000. 92.48% of the stock is currently owned by institutional investors.
A number of research firms have recently commented on NTRI. Lake Street Capital set a $73.00 price objective on NutriSystem and gave the stock a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research raised NutriSystem from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Saturday, October 28th. DA Davidson reissued a “buy” rating and issued a $80.00 price objective on shares of NutriSystem in a research note on Friday, December 22nd. Finally, B. Riley set a $74.00 price objective on NutriSystem and gave the stock a “buy” rating in a research note on Thursday, October 26th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $67.56.
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NutriSystem Company Profile
Nutrisystem, Inc is a provider of weight management products and services, including nutritionally balanced weight loss programs, multi-day kits available at retail locations and digital tools to support weight loss. The Company’s program customers purchase monthly food packages containing four-week meal plan consisting supply of breakfasts, lunches, dinners and snacks and flex meal plan recipes, which they supplement with fresh fruits, vegetables and dairy.
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