NutriSystem Inc. (NASDAQ:NTRI) traded down 10.8% on Monday . The stock traded as low as $31.54 and last traded at $33.10. 4,732,591 shares changed hands during mid-day trading, an increase of 463% from the average session volume of 840,554 shares. The stock had previously closed at $37.10.
Several research analysts have commented on the stock. DA Davidson lowered shares of NutriSystem from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $40.00 to $28.00 in a research note on Monday. BidaskClub raised shares of NutriSystem from a “sell” rating to a “hold” rating in a research note on Saturday. ValuEngine raised shares of NutriSystem from a “strong sell” rating to a “sell” rating in a research note on Friday, October 12th. Barrington Research reaffirmed a “hold” rating on shares of NutriSystem in a research note on Friday, October 5th. Finally, Zacks Investment Research raised shares of NutriSystem from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $44.50.
The company has a market capitalization of $1.09 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 1.78 and a beta of 1.27.
Institutional investors and hedge funds have recently modified their holdings of the company. First Mercantile Trust Co. purchased a new stake in shares of NutriSystem during the second quarter valued at $119,000. US Bancorp DE boosted its stake in shares of NutriSystem by 64.7% during the second quarter. US Bancorp DE now owns 3,726 shares of the company’s stock valued at $143,000 after purchasing an additional 1,464 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in shares of NutriSystem during the second quarter valued at $180,000. Independence Advisors LLC purchased a new stake in shares of NutriSystem during the second quarter valued at $203,000. Finally, Janus Henderson Group PLC purchased a new stake in shares of NutriSystem during the second quarter valued at $207,000.
About NutriSystem (NASDAQ:NTRI)
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.
Further Reading: Price to Earnings Ratio (PE) Basics
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