The President & CEO of Nutrisystem Inc (NASDAQ: NTRI) is Buying Shares

By Carrie Williams

Today, the President & CEO of Nutrisystem Inc (NASDAQ: NTRI), Dawn Zier, bought shares of NTRI for $585.6K.

Following this transaction Dawn Zier’s holding in the company was increased by 15.42% to a total of $10.65 million. In addition to Dawn Zier, 4 other NTRI executives reported Buy trades in the last month.

Based on Nutrisystem Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $158 million and quarterly net profit of $14.91 million. In comparison, last year the company earned revenue of $109 million and had a net profit of $8.79 million. The company has a one-year high of $67.95 and a one-year low of $31.60. NTRI’s market cap is $1.55B and the company has a P/E ratio of 28.69.

Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $75.67, reflecting a -30.6% downside. Starting in April 2017, NTRI received 12 Buy ratings in a row. Nine different firms, including B.Riley FBR and Barrington, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $1.06M worth of NTRI shares and purchased $946.7K worth of NTRI shares. The insider sentiment on Nutrisystem Inc has been neutral according to 83 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Nutrisystem, Inc. engages in the provision of weight management system. It involves in the manufacture and distribution of low-calorie, portion controlled prepared meal ranging from breakfast, lunch, dinner, snacks and shakes.