According to Zacks, “Nautilus, Inc. is an iconic industry leader with a rich history and reputation for building the best cardio and strength equipment for home use. Known for its family of brands that included Bowflex, Nautilus, Octane Fitness, Schwinn, and Universal, the company develops, manufacturers and markets branded products that include home gyms, free weight equipment, treadmills, indoor cycling equipment, ellipticals, and fitness accessories. “
A number of other equities research analysts have also recently commented on the stock. ValuEngine raised shares of Nautilus from a hold rating to a buy rating in a research note on Wednesday, October 2nd. Lake Street Capital dropped their price objective on shares of Nautilus from $5.00 to $3.00 and set a hold rating on the stock in a research note on Thursday, August 1st. Finally, Imperial Capital cut shares of Nautilus from an outperform rating to an outperform rating and dropped their price objective for the stock from $4.50 to $2.00 in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $6.43.
Shares of NYSE NLS traded down $0.05 during midday trading on Wednesday, reaching $1.47. 362,975 shares of the stock were exchanged, compared to its average volume of 1,045,483. Nautilus has a twelve month low of $1.20 and a twelve month high of $13.87. The firm has a 50-day simple moving average of $1.47 and a two-hundred day simple moving average of $2.08. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.82 and a quick ratio of 0.86.
In related news, Director M Carl Johnson III purchased 30,000 shares of Nautilus stock in a transaction dated Monday, August 26th. The shares were acquired at an average price of $1.25 per share, for a total transaction of $37,500.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.20% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of NLS. Susquehanna International Group LLP purchased a new stake in Nautilus in the 2nd quarter valued at about $49,000. SG Americas Securities LLC grew its position in Nautilus by 137.2% in the 2nd quarter. SG Americas Securities LLC now owns 23,751 shares of the specialty retailer’s stock valued at $52,000 after acquiring an additional 13,736 shares in the last quarter. Royal Bank of Canada grew its position in Nautilus by 58.4% in the 2nd quarter. Royal Bank of Canada now owns 26,500 shares of the specialty retailer’s stock valued at $58,000 after acquiring an additional 9,770 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Nautilus in the 2nd quarter valued at about $99,000. Finally, Weiss Asset Management LP acquired a new position in Nautilus in the 2nd quarter valued at about $110,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.
Nautilus, Inc, a consumer fitness products company, designs, develops, sources, and markets cardio and strength fitness products, and related accessories for consumer and commercial use in the United States, Canada, and internationally. The company operates in two segments, Direct and Retail. It offers specialized cardio products, treadmills, ellipticals, bike products, strength products, home gyms, dumbbells, and weight benches primarily under the Nautilus, Bowflex, Octane Fitness, Schwinn, and Universal brands.
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