In a report released today, Eric Wold from B.Riley FBR maintained a Hold rating on Nautilus Group (NLS), with a price target of $5. The company’s shares closed yesterday at $5.28, close to its 52-week low of $5.16.
Wold observed:
“After the close on Monday (5/6), Nautilus (NLS) reported 1Q19 results that came in well below expectations on continued demand pressures within both the direct channel (poor customer acceptance of the new Intelligence product) and retail channel (excessive inventories that still need to be worked down even with solid sell-through trends). With an expectation that direct channel sales are likely to remain relatively weak until new messaging around the Max Trainer line can be pushed out to consumers this fall, we remain cautious on the outlook and would now expect losses to remain in place through at least 2Q with reduced optimism around a meaningful 2H19 turnaround.”
According to TipRanks.com, Wold is ranked 0 out of 5 stars with an average return of -3.2% and a 41.9% 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 $7.20.
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Based on Nautilus Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $8.58 million. In comparison, last year the company had a net profit of $8.06 million.
Based on the recent corporate insider activity of 25 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.
