Price Action Report: Could NutriSystem Inc. Lose its Strength? The Stock Reaches 52-Week High

Price Action Report: Could NutriSystem Inc. Lose its Strength? The Stock Reaches 52 Week High

The stock of NutriSystem Inc. (NASDAQ:NTRI) hit a new 52-week high and has $47.39 target or 35.00% above today’s $35.10 share price. The 8 months bullish chart indicates low risk for the $1.06B company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $47.39 price target is reached, the company will be worth $371.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 3.39% or $1.15 during the last trading session, hitting $35.1. About 423,774 shares traded hands or 74.65% up from the average. NutriSystem Inc. (NASDAQ:NTRI) has risen 69.58% since April 11, 2016 and is uptrending. It has outperformed by 63.43% the S&P500.

NutriSystem Inc. (NASDAQ:NTRI) Ratings Coverage

Out of 8 analysts covering Nutrisystem (NASDAQ:NTRI), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. Nutrisystem has been the topic of 11 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Wunderlich initiated it with “Buy” rating and $25 target price in Friday, January 29 report. The rating was initiated by Lake Street with “Buy” on Friday, July 24. The rating was maintained by B. Riley & Co on Thursday, October 29 with “Buy”. The stock has “In-Line” rating given by Imperial Capital on Monday, August 3. The stock of NutriSystem Inc. (NASDAQ:NTRI) has “Buy” rating given on Monday, November 2 by Sidoti. On Tuesday, September 13 the stock rating was maintained by Citigroup with “Neutral”. Argus Research initiated the shares of NTRI in a report on Friday, November 11 with “Buy” rating. Wunderlich maintained the shares of NTRI in a report on Wednesday, October 19 with “Buy” rating. The rating was maintained by Barrington Research with “Outperform” on Monday, October 31. Barrington Research upgraded the stock to “Outperform” rating in Monday, November 2 report.

According to Zacks Investment Research, “NutriSystem is a leading provider of weight management products and services. They offer an at-home weight loss program based on portion-controlled, lower Glycemic Index prepared meals, weight loss plans, and private telephone and online support.”

Insitutional Activity: The institutional sentiment decreased to 0.9 in Q2 2016. Its down 0.23, from 1.13 in 2016Q1. The ratio dived, as 20 funds sold all NutriSystem Inc. shares owned while 63 reduced positions. 23 funds bought stakes while 52 increased positions. They now own 26.95 million shares or 2.01% more from 26.42 million shares in 2016Q1.
Systematic Fin Mgmt Limited Partnership holds 0.07% of its portfolio in NutriSystem Inc. (NASDAQ:NTRI) for 208,691 shares. Quantbot L P has invested 0.02% of its portfolio in NutriSystem Inc. (NASDAQ:NTRI). Quantitative Invest Lc has 0.02% invested in the company for 18,300 shares. New York State Common Retirement Fund accumulated 72,486 shares or 0% of the stock. Citigroup last reported 16,378 shares in the company. Fincl Serv last reported 236 shares in the company. Geode Capital Management Limited Co accumulated 216,758 shares or 0% of the stock. Rice Hall James & Assocs Llc holds 0.09% of its portfolio in NutriSystem Inc. (NASDAQ:NTRI) for 64,516 shares. Bancorp Of New York Mellon, a New York-based fund reported 481,121 shares. Valley Natl Advisers Incorporated has 100 shares for 0% of their US portfolio. New York State Teachers Retirement Sys has 68,329 shares for 0% of their US portfolio. Brown Brothers Harriman & holds 0% of its portfolio in NutriSystem Inc. (NASDAQ:NTRI) for 299 shares. Blackrock Advsr Limited Liability reported 13,930 shares or 0% of all its holdings. Icon Advisers has 16,300 shares for 0.03% of their US portfolio. Rhumbline Advisers, a Massachusetts-based fund reported 36,555 shares.

Insider Transactions: Since May 22, 2016, the stock had 0 insider buys, and 12 insider sales for $6.79 million net activity. ZIER DAWN M. sold 24,000 shares worth $667,200. Krausz Keira sold $525,109 worth of stock or 20,000 shares. GUAGLIARDO PAUL J had sold 3,142 shares worth $76,106. The insider TIERNEY BRIAN sold $204,778. Another trade for 52,773 shares valued at $1.43 million was sold by MONAHAN MICHAEL P.. Herratti Jay sold 2,880 shares worth $83,702.

More notable recent NutriSystem Inc. (NASDAQ:NTRI) news were published by: Fool.com which released: “Why NutriSystem Inc. Stock Soared 20%” on May 04, 2016, also Nasdaq.com with their article: “Earnings Reaction History: NutriSystem Inc., 71.4% Follow-Through Indicator …” published on October 26, 2016, Nasdaq.com published: “NutriSystem Inc (NTRI) Ex-Dividend Date Scheduled for November 03, 2016” on November 02, 2016. More interesting news about NutriSystem Inc. (NASDAQ:NTRI) were released by: Nasdaq.com and their article: “NutriSystem Inc. Profit Climbs 9% In Q3” published on October 26, 2016 as well as Businesswire.com‘s news article titled: “Nutrisystem, Inc. Acquires South Beach Diet Brand from SBD Holdings Group Corp.” with publication date: December 17, 2015.

NTRI Company Profile

Nutrisystem, Inc. (Nutrisystem), incorporated on August 17, 1999, is a well-known provider of weight management services and products, including nutritionally balanced weight loss programs, multi-day kits available at retail locations and digital tools to support weight loss. The Company’s program clients 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. The Company’s clients order on an auto-delivery basis (Auto-Delivery), where it sends approximately four-week meal plan on an ongoing basis until notified of a customer’s cancellation. The Firm offers its pre-selected favorites food pack or personalized plans, where clients can hand pick their entire menu or customize plans to their dietary preference. The Company’s meal plans feature approximately 150 menu options at different price points, including frozen and ready-to-go entrees, desserts, snacks and shakes.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment