B.Riley FBR analyst Eric Wold downgraded Nautilus Group (NLS) to Hold today and set a price target of $10. The company’s shares closed yesterday at $11.79.
Wold noted:
“After the close on Thursday (1/17), Nautilus (NLS) reported preliminary 4Q18 results that came in well below both our/consensus expectations as well as management’s guidance for the period —driven almost entirely by significantly weaker-than-expected results for the company’s direct segment. ~35% decline in the shares after hours, we are downgrading NLS from on concerns of an increasingly competitive fitness environment that could impair any rebound in the company’s core MaxTrainer product even after the digital refresh and re- launch during the quarter.”
According to TipRanks.com, Wold is a 1-star analyst with an average return of -1.8% and a 39.4% 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 $11.67.
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Based on Nautilus Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $4.5 million. In comparison, last year the company had a net profit of $8.44 million.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is neutral on the stock. Most recently, in October 2018, Marvin Siegert, a Director at NLS bought 10,000 shares for a total of $27,700.
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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.
