NutriSystem (NTRI) Raised to Sell at ValuEngine
ValuEngine upgraded shares of NutriSystem (NASDAQ:NTRI) from a strong sell rating to a sell rating in a report issued on Friday.
Other equities analysts have also issued reports about the stock. Zacks Investment Research raised shares of NutriSystem from a hold rating to a buy rating and set a $45.00 target price for the company in a research note on Thursday, August 2nd. B. Riley upped their target price on shares of NutriSystem from $52.00 to $53.00 and gave the stock a buy rating in a research note on Tuesday, July 31st. Citigroup upped their target price on shares of NutriSystem from $39.00 to $43.00 and gave the stock a buy rating in a research note on Thursday, June 14th. Barrington Research reaffirmed a hold rating on shares of NutriSystem in a research note on Friday, October 5th. Finally, BidaskClub raised shares of NutriSystem from a sell rating to a hold rating in a research note on Thursday, June 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $46.50.
NASDAQ NTRI traded up $1.09 on Friday, reaching $37.10. The company had a trading volume of 771,983 shares, compared to its average volume of 820,897. The firm has a market cap of $1.09 billion, a PE ratio of 18.93, a PEG ratio of 1.78 and a beta of 1.27. NutriSystem has a 1-year low of $26.06 and a 1-year high of $60.80.
Institutional investors have recently bought and sold shares of the company. Atria Investments LLC acquired a new position in shares of NutriSystem during the 2nd quarter worth about $394,000. First Mercantile Trust Co. acquired a new position in shares of NutriSystem during the 2nd quarter worth about $119,000. Aperio Group LLC acquired a new position in shares of NutriSystem during the 2nd quarter worth about $313,000. Guggenheim Capital LLC boosted its stake in shares of NutriSystem by 8.3% during the 1st quarter. Guggenheim Capital LLC now owns 56,018 shares of the company’s stock worth $1,509,000 after buying an additional 4,308 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of NutriSystem during the 2nd quarter worth about $259,000.
Nutrisystem, Inc, together with its subsidiaries, provides weight management products and services for women and men in the United States. The company offers weight loss programs that consist primarily of a pre-packaged food program, digital tools, and counseling. It also provides Nutrisystem Lean13 program, which provides weight loss, and support and counseling services; the South Beach Diet, a weight-loss program; and Nutrisystem 5-day kit, a ?D' kit that offers individuals with or at risk of type 2 diabetes.
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