Press coverage about NutriSystem (NASDAQ:NTRI) has been trending somewhat positive on Saturday, Accern Sentiment reports. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. NutriSystem earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news articles about the company an impact score of 44.9983951029125 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
Shares of NutriSystem (NTRI) traded up $0.95 during mid-day trading on Friday, hitting $52.50. 297,810 shares of the company were exchanged, compared to its average volume of 315,169. The stock has a market cap of $1,548.53, a PE ratio of 28.69, a P/E/G ratio of 1.23 and a beta of 1.01. NutriSystem has a 12 month low of $31.60 and a 12 month high of $67.95.
NutriSystem (NASDAQ:NTRI) last posted its earnings results on Wednesday, October 25th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03. NutriSystem had a net margin of 8.27% and a return on equity of 49.69%. The business had revenue of $158.10 million for the quarter, compared to analysts’ expectations of $155.21 million. During the same period in the prior year, the company posted $0.27 EPS. The business’s revenue for the quarter was up 26.9% compared to the same quarter last year. equities research analysts forecast that NutriSystem will post 1.95 EPS for the current fiscal year.
NutriSystem announced that its board has initiated a stock buyback program on Wednesday, October 25th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
NTRI has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of NutriSystem from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Saturday, October 28th. Lake Street Capital set a $73.00 target price on shares of NutriSystem and gave the company a “buy” rating in a research report on Thursday, October 26th. B. Riley set a $74.00 target price on shares of NutriSystem and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, DA Davidson reissued a “buy” rating and set a $80.00 target price on shares of NutriSystem in a research report on Friday, December 22nd. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $67.56.
In related news, insider Keira Krausz sold 10,000 shares of the stock in a transaction on Monday, December 11th. The shares were sold at an average price of $51.20, for a total transaction of $512,000.00. Following the transaction, the insider now owns 74,519 shares of the company’s stock, valued at approximately $3,815,372.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Dawn M. Zier sold 30,006 shares of the stock in a transaction on Friday, January 12th. The shares were sold at an average price of $52.36, for a total transaction of $1,571,114.16. Following the transaction, the chief executive officer now directly owns 224,659 shares in the company, valued at approximately $11,763,145.24. The disclosure for this sale can be found here. Insiders sold a total of 66,006 shares of company stock worth $3,383,254 over the last quarter. Corporate insiders own 2.40% of the company’s stock.
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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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