B.Riley FBR Sticks to Its Hold Rating for Nautilus Group (NLS)


In a report released today, Eric Wold from B.Riley FBR maintained a Hold rating on Nautilus Group (NLS), with a price target of $7. The company’s shares closed yesterday at $5.35, close to its 52-week low of $5.19.

Wold wrote:

“Nautilus (NLS) is scheduled to report 1Q19 results after the close on a conference call at 4:30PM ET. Given our expectation that management more than likely took the foot off the gas in terms of advertising as the messaging around MaxTrainer and the digital offering are being improved, we expect to see a combination of both lower direct sales and reduced spend. That being said, we believe the company can still manage the business to generate positive adjusted EBITDA in the quarter (note that almost half the analysts in consensus are projecting negative adjusted EBITDA).”

According to TipRanks.com, Wold ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -4.2% and a 40.4% success rate. Wold covers the Services sector, focusing on stocks such as Reading International Inc, Cinemark Holdings Inc, and National Cinemedia.

Currently, the analyst consensus on Nautilus Group is a Hold with an average price target of $7.60.

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The company has a one-year high of $17.20 and a one-year low of $5.19. Currently, Nautilus Group has an average volume of 411.6K.

Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NLS in relation to earlier this year. Most recently, in March 2019, Anne Saunders, a Director at NLS bought 2,500 shares for a total of $7,000.

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Nautilus, Inc. engages in the provision of fitness products. It operates through the Direct and Retail segments. The Direct segment offers products directly to consumers through direct advertising, catalogs and the Internet.

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