Nautilus Inc. (NLS) Sees Unusually-High Trading Volume
Nautilus Inc. (NYSE:NLS) saw unusually-strong trading volume on Tuesday . Approximately 349,737 shares changed hands during trading, a decline of 4% from the previous session’s volume of 363,551 shares.The stock last traded at $23.49 and had previously closed at $22.96.
Several research analysts have recently commented on NLS shares. B. Riley reissued a “buy” rating and set a $23.00 price objective on shares of Nautilus in a report on Wednesday, August 3rd. Wunderlich reissued a “buy” rating and set a $24.00 price objective on shares of Nautilus in a report on Tuesday, August 2nd. Sterne Agee CRT reissued a “buy” rating on shares of Nautilus in a report on Monday, May 16th. Zacks Investment Research raised Nautilus from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Thursday, May 12th. Finally, Imperial Capital started coverage on Nautilus in a report on Wednesday, July 6th. They set an “outperform” rating and a $24.00 price objective for the company. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $24.00.
The stock has a 50 day moving average of $20.23 and a 200 day moving average of $19.15. The stock has a market capitalization of $726.01 million and a price-to-earnings ratio of 25.62.
Nautilus (NYSE:NLS) last issued its earnings results on Monday, August 1st. The company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.03. During the same period last year, the firm earned $0.07 earnings per share. The firm had revenue of $78.50 million for the quarter, compared to the consensus estimate of $77.83 million. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. On average, equities research analysts expect that Nautilus Inc. will post $1.15 EPS for the current year.
In other news, Director Richard A. Horn sold 7,500 shares of the business’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $21.50, for a total value of $161,250.00. Following the completion of the transaction, the director now directly owns 35,802 shares of the company’s stock, valued at approximately $769,743. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Jeffery Lynn Collins sold 4,166 shares of the business’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $21.30, for a total value of $88,735.80. Following the completion of the transaction, the vice president now directly owns 4,278 shares of the company’s stock, valued at $91,121.40. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Nautilus stock. Wells Fargo & Company MN increased its stake in Nautilus Inc. (NYSE:NLS) by 10.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 598,354 shares of the company’s stock after buying an additional 56,887 shares during the period. Wells Fargo & Company MN owned about 1.93% of Nautilus worth $10,005,000 at the end of the most recent quarter.
Nautilus, Inc is a consumer fitness products company. The Company operates through two segments: Direct and Retail. The Direct segment offers products directly to consumers through television advertising, catalogs and the Internet. The Retail segment offers its products through a network of independent retail companies with stores and Websites located in the United States and internationally.
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