Somewhat Positive Press Coverage Somewhat Unlikely to Impact NutriSystem (NTRI) Share Price
News headlines about NutriSystem (NASDAQ:NTRI) have been trending somewhat positive on Sunday, according to Accern Sentiment. Accern rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. NutriSystem earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the company an impact score of 47.1052515162693 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
NTRI has been the topic of several recent analyst reports. Craig Hallum set a $70.00 target price on NutriSystem and gave the company a “buy” rating in a research report on Tuesday, July 18th. BidaskClub upgraded NutriSystem from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. DA Davidson reiterated a “buy” rating and set a $64.00 price target on shares of NutriSystem in a research note on Monday, July 24th. Zacks Investment Research upgraded NutriSystem from a “hold” rating to a “strong-buy” rating and set a $64.00 price target on the stock in a research note on Saturday, July 29th. Finally, Sidoti upgraded NutriSystem from a “neutral” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Monday, June 12th. Two research 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 company’s stock. NutriSystem presently has a consensus rating of “Buy” and a consensus target price of $68.11.
NutriSystem (NASDAQ:NTRI) traded down 1.07% during mid-day trading on Friday, reaching $50.85. The company’s stock had a trading volume of 1,021,712 shares. The firm has a market cap of $1.53 billion, a PE ratio of 31.58 and a beta of 1.15. The stock’s 50 day moving average is $53.48 and its 200 day moving average is $52.68. NutriSystem has a one year low of $26.90 and a one year high of $67.95.
NutriSystem (NASDAQ:NTRI) last posted its earnings results on Wednesday, July 26th. The company reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.18. NutriSystem had a return on equity of 48.41% and a net margin of 7.60%. The business had revenue of $194.90 million for the quarter, compared to analysts’ expectations of $180.75 million. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The business’s revenue was up 30.1% compared to the same quarter last year. On average, analysts anticipate that NutriSystem will post $1.91 EPS for the current year.
In related news, Director Robert F. Bernstock sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $53.26, for a total transaction of $372,820.00. Following the transaction, the director now owns 25,350 shares of the company’s stock, valued at $1,350,141. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Dawn M. Zier sold 30,121 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $52.27, for a total value of $1,574,424.67. Following the transaction, the insider now directly owns 214,646 shares in the company, valued at approximately $11,219,546.42. The disclosure for this sale can be found here. Insiders have sold 106,221 shares of company stock worth $5,633,245 in the last quarter. Insiders own 2.40% 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.
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