NutriSystem Inc. (NASDAQ:NTRI) CEO Dawn M. Zier sold 30,006 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 224,659 shares of the company’s stock, valued at approximately $11,763,145.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NutriSystem Inc. (NASDAQ NTRI) traded up $0.95 on Friday, reaching $52.50. 297,810 shares of the company’s stock were exchanged, compared to its average volume of 349,512. The firm has a market capitalization of $1,570.00, a PE ratio of 28.38, a P/E/G ratio of 1.19 and a beta of 1.01. NutriSystem Inc. has a one year low of $31.60 and a one year 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 during the quarter, compared to analysts’ expectations of $155.21 million. NutriSystem had a net margin of 8.27% and a return on equity of 49.69%. The firm’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 earnings per share. sell-side analysts forecast that NutriSystem Inc. will post 1.95 EPS for the current year.

NutriSystem declared that its Board of Directors has initiated a share repurchase program on Wednesday, October 25th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Several brokerages recently commented on NTRI. Zacks Investment Research cut shares of NutriSystem from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. DA Davidson reiterated a “buy” rating and issued a $80.00 price objective on shares of NutriSystem in a research note on Friday, December 22nd. B. Riley set a $74.00 price objective on shares of NutriSystem and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Lake Street Capital set a $73.00 price objective on shares of NutriSystem and gave the company 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 company. The company has an average rating of “Buy” and an average target price of $67.56.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Pinebridge Investments L.P. raised its position in NutriSystem by 1.1% during the second quarter. Pinebridge Investments L.P. now owns 3,939 shares of the company’s stock worth $205,000 after acquiring an additional 41 shares during the last quarter. Amalgamated Bank raised its position in NutriSystem by 6.1% during the second quarter. Amalgamated Bank now owns 4,091 shares of the company’s stock worth $213,000 after acquiring an additional 236 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in NutriSystem by 10.9% during the second quarter. Ameritas Investment Partners Inc. now owns 2,608 shares of the company’s stock worth $136,000 after acquiring an additional 257 shares during the last quarter. Victory Capital Management Inc. raised its position in NutriSystem by 17.7% during the second quarter. Victory Capital Management Inc. now owns 2,646 shares of the company’s stock worth $138,000 after acquiring an additional 397 shares during the last quarter. Finally, Profund Advisors LLC raised its position in NutriSystem by 9.1% during the second quarter. Profund Advisors LLC now owns 5,756 shares of the company’s stock worth $300,000 after acquiring an additional 480 shares during the last quarter. Institutional investors own 92.48% 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.

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

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