NutriSystem Inc. (NASDAQ:NTRI) was the target of some unusual options trading on Tuesday. Stock investors bought 1,445 call options on the company. This is an increase of approximately 1,056% compared to the average volume of 125 call options.
A number of analysts have issued reports on NTRI shares. Craig Hallum lowered their target price on NutriSystem from $80.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday. Lake Street Capital reaffirmed a “buy” rating and issued a $48.00 target price (down previously from $73.00) on shares of NutriSystem in a report on Tuesday. B. Riley set a $52.00 target price on NutriSystem and gave the company a “buy” rating in a report on Wednesday. DA Davidson reaffirmed a “buy” rating and issued a $80.00 target price on shares of NutriSystem in a report on Friday, December 22nd. Finally, Zacks Investment Research raised NutriSystem from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Tuesday, December 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $59.00.
In other NutriSystem news, CEO Dawn M. Zier sold 30,006 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $52.36, for a total value of $1,571,114.16. Following the sale, the chief executive officer now owns 224,659 shares of the company’s stock, valued at approximately $11,763,145.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dawn M. Zier sold 30,825 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $40.37, for a total value of $1,244,405.25. Following the completion of the sale, the insider now directly owns 221,013 shares in the company, valued at approximately $8,922,294.81. The disclosure for this sale can be found here. In the last three months, insiders have sold 96,831 shares of company stock worth $4,627,659. 2.40% of the stock is currently owned by insiders.
Shares of NutriSystem (NTRI) opened at $31.30 on Wednesday. NutriSystem has a fifty-two week low of $28.50 and a fifty-two week high of $67.95. The firm has a market capitalization of $1,198.57, a P/E ratio of 20.36, a PEG ratio of 0.96 and a beta of 0.72.
NutriSystem (NASDAQ:NTRI) last announced its quarterly earnings data on Monday, February 26th. The company reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.02. NutriSystem had a return on equity of 50.50% and a net margin of 8.30%. The company had revenue of $131.20 million for the quarter, compared to analyst estimates of $128.75 million. During the same quarter last year, the firm earned $0.29 EPS. NutriSystem’s revenue for the quarter was up 20.5% compared to the same quarter last year. equities research analysts anticipate that NutriSystem will post 2.28 earnings per share for the current year.
WARNING: This article was originally posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://www.tickerreport.com/banking-finance/3227686/nutrisystem-sees-unusually-large-options-volume-ntri.html.
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.
Receive News & Ratings for NutriSystem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NutriSystem and related companies with MarketBeat.com's FREE daily email newsletter.