Nautilus Inc. (NYSE: NLS) Loses -11.73% From High. Why That Could Change?


Dimensional Fund Advisors LP recently announced the acquisition of new stake in Nautilus Inc. (NYSE:NLS). The institutional investor has increased its shareholding in the Consumer Cyclical company by 6.11% to 1.76 million shares with purchase of 0.1 million shares. This fresh investment now brings its stake to 5.89% valued currently at $16.28 million. In addition, The Vanguard Group, Inc. raised its holdings by 0.42 million to 1.12 million shares. And Skylands Capital LLC has lifted its position by 46.69% or 0.28 million shares – to 0.87 million shares.

With over 1.01 million Nautilus Inc. (NLS) shares trading Friday and a closing price of $10.23 on the day, the dollar volume was approximately $10.35 million. The shares have shown a positive weekly performance of 0.39% and its price on 07/24/20 lost nearly -3.94%. Currently, there are 29.80M common shares owned by the public and among those 29.17M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 4 analysts who have offered their price forecasts for NLS have a consensus price objective of $11.75. The analysts have set the share’s price value over the next 12 months at a high of $13.00 and a low of $9.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Nautilus Inc. stock is 2.00 for the next 12 months. The average price target is -2.3% below its last price level and a downside to the estimated low will see the stock lose -13.67% over that period. But an upside of 21.31% will see the stock hit the forecast high price target while mean target price for the stock is $12.50.

Insiders at the company have transacted a total of 16 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 12 of these insider trades were purchases, accounting for 180,633 shares. Insider sales of the common stock occurred on 4 occasions, with total insider shares sold totaling 75,824 shares.

The top 3 mutual fund holders in Nautilus Inc. are Vanguard Total Stock Market Index, JNL Multi Manager Small Cap Value, and iShares Russell 2000 ETF. Vanguard Total Stock Market Index owns 0.82 million shares of the company’s stock, all valued at over $7.57 million. iShares Russell 2000 ETF sold 15609.0 shares to bring its total holdings to over 0.61 million shares at a value of $5.69 million. iShares Russell 2000 ETF now owns shares totaling to 2.06% of the shares outstanding.

Shares of Nautilus Inc. (NYSE: NLS) opened at $10.46, down -$0.19 from a prior closing price of $10.65. However, the script later closed the day at $10.23, down -3.94%. The company’s stock has a 5-day price change of 0.39% and 57.63% over the past three months. NLS shares are trading 484.57% year to date (YTD), with the 12-month market performance up to 477.97% higher. It has a 12-month low price of $1.20 and touched a high of $11.59 over the same period. Currently, 1.01 million shares have been traded, compared to an average intraday trading volume of 1.42 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.81%, 26.16%, and 152.47% respectively.

Institutional ownership of Nautilus Inc. (NYSE: NLS) shares accounts for 60.30% of the company’s 29.80M shares outstanding. Mutual fund holders own 26.40%, while other institutional holders and individual stakeholders account for 43.62% and 22.15% respectively.

It has a market capitalization of $301.99M and a beta (3y monthly) value of 2.43. The earnings-per-share (ttm) stands at -$2.75. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.37% over the week and 7.77% over the month.

Analysts forecast that Nautilus Inc. (NLS) will achieve an EPS of $Annaly Capital Management Inc for the current quarter, $7.16 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Novartis AG while analysts give the company a high EPS estimate of $SELLAS Life Sciences Group, Inc. Comparatively, EPS for the current quarter was $Nautilus, Inc. a year ago. Earnings per share for the fiscal year are expected to decrease by -750.50%, and -125.00% over the next financial year. EPS should grow at an annualized rate of 10.00% over the next five years, compared to -46.90% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate Nautilus Inc. (NLS) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 0 of the 4 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the NLS, a number of firms have released research notes about the stock. SunTrust stated their Buy rating for the stock in a research note on April 23, 2020, with the firm’s price target at $8. ROTH Capital coverage for the Nautilus Inc. (NLS) stock in a research note released on March 26, 2020 offered a Buy rating with a price target of $3. Lake Street was of a view on February 25, 2020 that the stock is Buy, while Craig Hallum gave the stock Buy rating on January 13, 2020, issuing a price target of $5. Imperial Capital on their part issued In-line rating on May 08, 2019.


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