NutriSystem Inc. (NTRI) Insider Sells $1,244,405.25 in Stock

NutriSystem Inc. (NASDAQ:NTRI) insider Dawn M. Zier sold 30,825 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $40.37, for a total transaction of $1,244,405.25. Following the completion of the sale, the insider now directly owns 221,013 shares in the company, valued at $8,922,294.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NutriSystem Inc. (NASDAQ NTRI) traded up $0.60 during trading on Wednesday, hitting $42.15. 286,571 shares of the company’s stock were exchanged, compared to its average volume of 539,776. The firm has a market capitalization of $1,240.00, a P/E ratio of 22.86, a P/E/G ratio of 0.99 and a beta of 0.72. NutriSystem Inc. has a 1-year low of $34.40 and a 1-year high of $67.95.

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

Several research firms have commented on NTRI. Lake Street Capital set a $73.00 price target on shares of NutriSystem and gave the company a “buy” rating in a report on Thursday, October 26th. B. Riley set a $74.00 price target on shares of NutriSystem and gave the company a “buy” rating in a report on Thursday, October 26th. DA Davidson reaffirmed a “buy” rating and issued a $80.00 price target on shares of NutriSystem in a report on Friday, December 22nd. Zacks Investment Research raised shares of NutriSystem from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Saturday, October 28th. Finally, BidaskClub lowered shares of NutriSystem from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $67.56.

Several institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its position in shares of NutriSystem by 3.3% in the fourth quarter. BlackRock Inc. now owns 3,819,640 shares of the company’s stock worth $200,912,000 after acquiring an additional 121,738 shares during the period. Vanguard Group Inc. raised its position in shares of NutriSystem by 50.3% in the second quarter. Vanguard Group Inc. now owns 2,458,686 shares of the company’s stock worth $127,974,000 after acquiring an additional 823,221 shares during the period. Eagle Asset Management Inc. raised its position in shares of NutriSystem by 9.4% in the fourth quarter. Eagle Asset Management Inc. now owns 2,202,208 shares of the company’s stock worth $114,445,000 after acquiring an additional 189,317 shares during the period. Carillon Tower Advisers Inc. acquired a new position in shares of NutriSystem in the fourth quarter worth about $96,114,000. Finally, Dimensional Fund Advisors LP raised its position in shares of NutriSystem by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,122,395 shares of the company’s stock worth $62,741,000 after acquiring an additional 16,610 shares during the period.

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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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