Nutri System Inc /de/ (NTRI): Dawn M. Zier , President and CEO of Nutri System Inc /de/ sold 24,000 shares on May 26, 2016. The Insider selling transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were sold at $27.80 per share for a total value of $667,200.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 24, 2016, Michael P. Monahan (Chief Financial Officer) sold 52,773 shares at $27.24 per share price.On Apr 15, 2016, Michael J Hagan (director) purchased 388 shares at $24.13 per share price.Also, On Mar 11, 2016, Andrea Weiss (director) sold 5,500 shares at $20.00 per share price.On Nov 19, 2015, Dawn M. Zier (President and CEO) sold 55,009 shares at $22.95 per share price.
Shares of NutriSystem (NTRI) ended Friday, May 27, 2016 session in red amid volatile trading. The shares closed down -0.33 points or -1.20% at $27.15 with 5,15,094 shares getting traded. Post opening the session at $27.52, the shares hit an intraday low of $26.8 and an intraday high of $27.68 and the price vacillated in this range throughout the day. The company has a market cap of $798 M and the number of outstanding shares has been calculated to be 2,93,79,729 shares. The 52-week high of NutriSystem is $32.05 and the 52-week low is $17.25.
Company has been under the radar of several Street Analysts.NutriSystem is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 31 from a previous price target of $28 .The Rating was issued on May 4, 2016.
Nutrisystem Inc. (Nutrisystem) 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 a 28-day supply of breakfasts lunches dinners snacks and desserts which they supplement with fresh fruits vegetables and dairy. Its customers order on an auto-delivery basis (Auto-Delivery) where it sends a 28-day food supply on an ongoing basis until notified of a customer’s cancellation. It offers its pre-selected favorites food pack or personalized plans where customers can hand pick their entire menu or customize plans to their dietary preference. The company’s meal plans feature more than 150 menu options at different price points including frozen and ready-to-go entrees desserts snacks and shakes.