NutriSystem Inc (NASDAQ:NTRI) CFO Michael P. Monahan sold 11,335 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $55.03, for a total value of $623,765.05. Following the sale, the chief financial officer now directly owns 55,933 shares of the company’s stock, valued at $3,077,992.99. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

NutriSystem Inc (NTRI) opened at 55.90 on Friday. NutriSystem Inc has a 52 week low of $29.05 and a 52 week high of $67.95. The stock has a 50 day moving average price of $53.23 and a 200-day moving average price of $52.80. The stock has a market cap of $1.66 billion, a P/E ratio of 34.63 and a beta of 1.15.

NutriSystem (NASDAQ:NTRI) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.18. The company had revenue of $194.90 million during the quarter, compared to the consensus estimate of $180.75 million. NutriSystem had a net margin of 7.60% and a return on equity of 48.41%. The firm’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 earnings per share. On average, equities analysts anticipate that NutriSystem Inc will post $1.91 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. bought a new stake in shares of NutriSystem during the second quarter valued at approximately $106,000. FNY Partners Fund LP bought a new stake in shares of NutriSystem during the first quarter valued at approximately $111,000. Riverhead Capital Management LLC grew its position in NutriSystem by 62.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,431 shares of the company’s stock worth $126,000 after purchasing an additional 931 shares during the period. Ameritas Investment Partners Inc. bought a new stake in NutriSystem in the 1st quarter worth approximately $130,000. Finally, Victory Capital Management Inc. grew its position in NutriSystem by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 2,646 shares of the company’s stock worth $138,000 after purchasing an additional 397 shares during the period. 92.59% of the stock is owned by institutional investors.

A number of equities analysts have recently weighed in on NTRI shares. Lake Street Capital set a $73.00 target price on NutriSystem and gave the stock a “buy” rating in a research note on Thursday, July 27th. Craig Hallum set a $80.00 target price on NutriSystem and gave the stock a “buy” rating in a research note on Thursday, July 27th. DA Davidson restated a “buy” rating and issued a $64.00 target price on shares of NutriSystem in a research note on Monday, July 24th. BidaskClub upgraded NutriSystem from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Finally, Barrington Research upgraded NutriSystem from a “market perform” rating to an “outperform” rating and set a $65.00 target price on the stock in a research note on Monday, July 31st. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $68.11.

About NutriSystem

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.

Insider Buying and Selling by Quarter for NutriSystem (NASDAQ:NTRI)

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