NutriSystem Inc. (NASDAQ:NTRI) insider Keira Krausz sold 5,000 shares of the stock in a transaction on Thursday, January 11th. The shares were 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 owns 75,463 shares in the company, valued at approximately $3,845,594.48. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
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.
NutriSystem Inc. (NASDAQ NTRI) traded down $2.15 during trading on Friday, reaching $46.95. The company’s stock had a trading volume of 990,575 shares, compared to its average volume of 361,760. NutriSystem Inc. has a 1 year low of $31.60 and a 1 year high of $67.95. The company has a market capitalization of $1,350.00, a P/E ratio of 25.38, a PEG ratio of 1.17 and a beta of 1.01.
NutriSystem (NASDAQ:NTRI) last issued its earnings results on Wednesday, October 25th. The company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.03. The business had revenue of $158.10 million during the quarter, compared to the consensus estimate of $155.21 million. NutriSystem had a return on equity of 49.69% and a net margin of 8.27%. The firm’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share. sell-side analysts anticipate that NutriSystem Inc. will post 1.95 earnings per share for the current fiscal year.
NutriSystem announced that its Board of Directors has authorized a share buyback program on Wednesday, October 25th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.
A number of institutional investors have recently made changes to their positions in NTRI. SG Americas Securities LLC acquired a new stake in NutriSystem in the second quarter valued at approximately $199,000. Legal & General Group Plc grew its stake in NutriSystem by 10.0% in the second quarter. Legal & General Group Plc now owns 54,432 shares of the company’s stock valued at $2,833,000 after acquiring an additional 4,944 shares during the period. Victory Capital Management Inc. grew its stake in NutriSystem by 17.7% in the second quarter. Victory Capital Management Inc. now owns 2,646 shares of the company’s stock valued at $138,000 after acquiring an additional 397 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in NutriSystem in the second quarter valued at approximately $200,000. Finally, State of Tennessee Treasury Department grew its stake in NutriSystem by 3.0% in the second quarter. State of Tennessee Treasury Department now owns 27,964 shares of the company’s stock valued at $1,456,000 after acquiring an additional 825 shares during the period.
Several research analysts have weighed in on NTRI shares. B. Riley set a $74.00 target price on NutriSystem and gave the stock a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research lowered NutriSystem from a “buy” rating to a “hold” rating in a report on Friday, December 15th. DA Davidson reissued a “buy” rating and set a $80.00 target price on shares of NutriSystem in a report on Friday, December 22nd. Finally, Lake Street Capital set a $73.00 target price on NutriSystem and gave the stock a “buy” rating in a report on Thursday, October 26th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. NutriSystem has an average rating of “Buy” and an average target price 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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