NutriSystem Inc. (NASDAQ:NTRI) insider Keira Krausz sold 5,000 shares of NutriSystem stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $50.96, for a total transaction of $254,800.00. Following the transaction, the insider now directly owns 75,463 shares of the company’s stock, valued at $3,845,594.48. The sale was disclosed in a document filed with the SEC, which is available through 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 shares were sold at an average price of $51.20, for a total transaction of $512,000.00.
Shares of NutriSystem Inc. (NASDAQ:NTRI) traded up $0.95 during trading on Friday, reaching $52.50. 297,810 shares of the company’s stock traded hands, compared to its average volume of 349,511. The stock has a market capitalization of $1,570.00, a PE ratio of 28.38, a PEG ratio of 1.19 and a beta of 1.01. NutriSystem Inc. has a twelve month low of $31.60 and a twelve month high of $67.95.
NutriSystem declared that its Board of Directors has initiated a stock repurchase program on Wednesday, October 25th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.
A number of brokerages recently issued reports on NTRI. Zacks Investment Research cut shares of NutriSystem from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. DA Davidson reissued a “buy” rating and set a $80.00 price target on shares of NutriSystem in a research report on Friday, December 22nd. B. Riley set a $74.00 price target on shares of NutriSystem and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Lake Street Capital set a $73.00 price target on shares of NutriSystem and gave the company a “buy” rating in a research report on Thursday, October 26th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $67.56.
A number of institutional investors have recently modified their holdings of NTRI. Cypress Capital Management LLC WY purchased a new position in NutriSystem in the third quarter worth about $112,000. Riverhead Capital Management LLC raised its holdings in NutriSystem by 62.1% in the second quarter. Riverhead Capital Management LLC now owns 2,431 shares of the company’s stock worth $126,000 after buying an additional 931 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in NutriSystem by 10.9% in the second quarter. Ameritas Investment Partners Inc. now owns 2,608 shares of the company’s stock worth $136,000 after buying an additional 257 shares during the last quarter. Victory Capital Management Inc. raised its holdings in NutriSystem by 17.7% in the second quarter. Victory Capital Management Inc. now owns 2,646 shares of the company’s stock worth $138,000 after buying an additional 397 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in NutriSystem in the second quarter worth about $199,000. 92.48% of the stock is owned by institutional investors and hedge funds.
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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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