Somewhat Positive News Coverage Somewhat Unlikely to Affect Nautilus (NLS) Stock Price
News articles about Nautilus (NYSE:NLS) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Nautilus earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned news headlines about the specialty retailer an impact score of 46.6394750278254 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several research firms recently issued reports on NLS. Zacks Investment Research downgraded Nautilus from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. B. Riley cut their target price on Nautilus from $19.75 to $16.75 and set a “buy” rating for the company in a research report on Tuesday, March 6th. ValuEngine downgraded Nautilus from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Lake Street Capital reiterated a “hold” rating and set a $14.00 target price (down from $15.00) on shares of Nautilus in a research report on Tuesday, March 6th. Finally, Imperial Capital reiterated an “in-line” rating and set a $12.00 target price (down from $14.00) on shares of Nautilus in a research report on Wednesday, March 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Nautilus currently has a consensus rating of “Hold” and an average price target of $16.68.
Shares of Nautilus stock opened at $13.65 on Monday. The firm has a market capitalization of $419.15, a price-to-earnings ratio of 16.06, a PEG ratio of 1.36 and a beta of 1.61. The company has a current ratio of 1.94, a quick ratio of 1.39 and a debt-to-equity ratio of 0.18. Nautilus has a 1 year low of $11.30 and a 1 year high of $19.80.
Nautilus announced that its board has authorized a share repurchase plan on Monday, March 5th that authorizes the company to buyback $15.00 million in shares. This buyback authorization authorizes the specialty retailer to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.
In other news, VP Jeffery Lynn Collins sold 2,335 shares of the business’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $13.00, for a total transaction of $30,355.00. Following the completion of the transaction, the vice president now owns 3,432 shares of the company’s stock, valued at approximately $44,616. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Bruce M. Cazenave sold 10,700 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $11.99, for a total value of $128,293.00. Following the transaction, the chief executive officer now directly owns 372,876 shares of the company’s stock, valued at approximately $4,470,783.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,735 shares of company stock valued at $294,003. Corporate insiders own 3.70% of the company’s stock.
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Nautilus, Inc is a consumer fitness products company. The Company operates through two segments: Direct and Retail. Its 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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