The stock of Nautilus, Inc. (NYSE:NLS) hit a new 52-week low and has $13.50 target or 14.00% below today’s $15.70 share price. The 7 months bearish chart indicates high risk for the $473.10 million company. The 1-year low was reported on Nov, 7 by Barchart.com. If the $13.50 price target is reached, the company will be worth $66.23M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 0.63% or $0.1 during the last trading session, hitting $15.7. About 442,943 shares traded hands. Nautilus, Inc. (NYSE:NLS) has declined 12.56% since April 5, 2016 and is downtrending. It has underperformed by 14.52% the S&P500.
Nautilus, Inc. (NYSE:NLS) Ratings Coverage
Out of 5 analysts covering Nautilus Group (NYSE:NLS), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Nautilus Group has been the topic of 11 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Sterne Agee CRT maintained it with “Buy” rating and $24 target price in Tuesday, September 22 report. On Wednesday, September 28 the stock rating was maintained by Wunderlich with “Buy”. The stock of Nautilus, Inc. (NYSE:NLS) has “Outperform” rating given on Wednesday, July 6 by Imperial Capital. Imperial Capital maintained Nautilus, Inc. (NYSE:NLS) on Wednesday, November 2 with “In-Line” rating. B. Riley & Co downgraded the stock to “Neutral” rating in Monday, September 26 report. DA Davidson maintained the stock with “Buy” rating in Tuesday, January 5 report. The rating was maintained by Wunderlich with “Buy” on Tuesday, January 5. The company was upgraded on Tuesday, September 29 by B. Riley & Co. On Monday, September 19 the stock rating was downgraded by Imperial Capital to “In-Line”.
According to Zacks Investment Research, “Nautilus, Inc. helps people achieve a fit and healthy lifestyle through proper exercise, rest and nutrition. With a brand portfolio that includes Nautilus, Bowflex, SchwinnFitness, StairMaster and Trimline, Nautilus manufactures and markets a complete line of innovative health and fitness products through direct, commercial and retail channels.”
Insitutional Activity: The institutional sentiment decreased to 0.88 in 2016 Q2. Its down 0.28, from 1.16 in 2016Q1. The ratio worsened, as 22 funds sold all Nautilus, Inc. shares owned while 64 reduced positions. 25 funds bought stakes while 51 increased positions. They now own 25.90 million shares or 3.42% less from 26.82 million shares in 2016Q1.
California Employees Retirement accumulated 0% or 103,400 shares. Orca Inv Mgmt Limited Com holds 111,152 shares or 1.94% of its portfolio. Essex Inv Mgmt Ltd holds 70,324 shares or 0.21% of its portfolio. Geode Capital Mgmt Limited Com last reported 0% of its portfolio in the stock. Voya Investment Mgmt Ltd reported 808,022 shares or 0.04% of all its holdings. Moreover, Teton Advsr has 0.12% invested in Nautilus, Inc. (NYSE:NLS) for 75,031 shares. The Illinois-based Ativo Cap Ltd has invested 0.21% in Nautilus, Inc. (NYSE:NLS). Tiaa Cref Investment Mgmt Limited Liability Corp, a New York-based fund reported 153,175 shares. Legal And General Group Public Ltd Com owns 5,442 shares or 0% of their US portfolio. Bnp Paribas Arbitrage last reported 0% of its portfolio in the stock. Blackrock Inc has invested 0% of its portfolio in Nautilus, Inc. (NYSE:NLS). Nationwide Fund Advsr, a Pennsylvania-based fund reported 160,640 shares. Oberweis Asset Mgmt Incorporated has 285,050 shares for 1.51% of their US portfolio. D E Shaw And last reported 0% of its portfolio in the stock. Bridgeway Capital accumulated 0.01% or 19,700 shares.
Insider Transactions: Since May 12, 2016, the stock had 0 insider buys, and 6 sales for $773,733 net activity. On Thursday, May 19 Murdock Robert O. sold $14,240 worth of the stock or 712 shares. $88,736 worth of Nautilus, Inc. (NYSE:NLS) was sold by Collins Jeffery Lynn. Shares for $161,250 were sold by Horn Richard A on Monday, August 15. BOLIO WAYNE M had sold 10,000 shares worth $196,100 on Thursday, May 12. Another trade for 7,000 shares valued at $148,960 was made by Siegert Marvin G on Friday, August 19.
More important recent Nautilus, Inc. (NYSE:NLS) news were published by: Businesswire.com which released: “Nautilus, Inc. Announces Acquisition of Octane Fitness from North Castle Partners” on January 04, 2016, also Businesswire.com published article titled: “Nautilus, Inc. Increases Share Repurchase Program to $25 Million”, Businesswire.com published: “Nautilus, Inc. Reports Strong Results for the Second Quarter 2016” on August 01, 2016. More interesting news about Nautilus, Inc. (NYSE:NLS) was released by: Businesswire.com and their article: “Nautilus, Inc. Launches Bowflex® Product in Switzerland” with publication date: January 20, 2016.
NLS Company Profile
Nautilus, Inc., incorporated on September 22, 1992, is a consumer fitness products company. The Firm operates through two divisions: Direct and Retail. The Company’s principal business activities include designing, developing, sourcing and marketing of cardio and strength fitness products and related accessories for consumer use, primarily in the United States and Canada, but also in international markets outside North America.
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