Nautilus (NYSE:NLS) Downgraded to Sell at StockNews.com

StockNews.com downgraded shares of Nautilus (NYSE:NLSGet Rating) from a hold rating to a sell rating in a research report sent to investors on Wednesday.

A number of other research firms also recently issued reports on NLS. Roth Capital restated a neutral rating on shares of Nautilus in a report on Tuesday. Zacks Investment Research raised shares of Nautilus from a hold rating to a buy rating and set a $3.25 price target on the stock in a research report on Wednesday, May 11th. Lake Street Capital reduced their price target on shares of Nautilus from $14.00 to $5.00 and set a buy rating on the stock in a research report on Tuesday. Craig Hallum cut shares of Nautilus from a buy rating to a hold rating and reduced their price target for the company from $9.00 to $2.00 in a research report on Tuesday. Finally, Truist Financial reduced their price target on shares of Nautilus from $15.00 to $5.00 and set a buy rating on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Hold and an average price target of $5.55.

Nautilus stock opened at $2.12 on Wednesday. Nautilus has a 1 year low of $1.85 and a 1 year high of $18.58. The firm has a 50 day moving average price of $3.42 and a 200 day moving average price of $5.10. The company has a market cap of $66.25 million, a price-to-earnings ratio of 2.72 and a beta of 1.73. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.32 and a current ratio of 2.59.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Citigroup Inc. lifted its position in shares of Nautilus by 107.1% during the third quarter. Citigroup Inc. now owns 4,088 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 2,114 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Nautilus by 136.1% during the third quarter. BNP Paribas Arbitrage SA now owns 9,177 shares of the specialty retailer’s stock worth $85,000 after purchasing an additional 5,290 shares in the last quarter. Pine Haven Investment Counsel Inc acquired a new position in shares of Nautilus during the first quarter worth $41,000. PDT Partners LLC acquired a new position in shares of Nautilus during the fourth quarter worth $66,000. Finally, Signify Wealth acquired a new position in shares of Nautilus during the fourth quarter worth $70,000. 59.04% of the stock is currently owned by institutional investors and hedge funds.

About Nautilus (Get Rating)

Nautilus, Inc, a fitness solutions 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, home gyms, dumbbells, barbells, and kettlebells primarily under the Nautilus, Bowflex, Octane Fitness, Schwinn, and Universal brands, as well as fitness digital platform under the JRNY brand.

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