Nautilus Biotechnology (NASDAQ:NAUT) Hits New 52-Week Low at $6.45

Nautilus Biotechnology, Inc. (NASDAQ:NAUT)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $6.45 and last traded at $6.45, with a volume of 1254 shares. The stock had previously closed at $6.63.

A number of research analysts recently commented on NAUT shares. Jefferies Financial Group began coverage on shares of Nautilus Biotechnology in a research note on Tuesday, July 13th. They issued a “buy” rating and a $13.00 price target on the stock. The Goldman Sachs Group began coverage on shares of Nautilus Biotechnology in a research note on Wednesday, August 4th. They set a “neutral” rating and a $10.00 price target for the company.

The stock’s 50 day moving average is $7.70.

Nautilus Biotechnology (NASDAQ:NAUT) last announced its quarterly earnings data on Monday, August 9th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.12). As a group, sell-side analysts anticipate that Nautilus Biotechnology, Inc. will post -0.38 EPS for the current year.

In other news, General Counsel Matthew B. Murphy acquired 5,000 shares of the company’s stock in a transaction on Friday, August 13th. The stock was bought at an average cost of $7.56 per share, with a total value of $37,800.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Anna Mowry acquired 17,500 shares of the company’s stock in a transaction on Thursday, August 12th. The shares were purchased at an average cost of $7.71 per share, with a total value of $134,925.00. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 47,777 shares of company stock valued at $367,204.

Several institutional investors and hedge funds have recently modified their holdings of the company. Nantahala Capital Management LLC bought a new stake in shares of Nautilus Biotechnology in the second quarter valued at about $12,027,000. Perceptive Advisors LLC bought a new position in Nautilus Biotechnology in the second quarter worth about $90,002,000. RA Capital Management L.P. bought a new position in Nautilus Biotechnology in the second quarter worth about $24,961,000. Skye Global Management LP bought a new position in Nautilus Biotechnology in the second quarter worth about $354,000. Finally, Franklin Resources Inc. bought a new position in Nautilus Biotechnology in the second quarter worth about $5,050,000. 26.60% of the stock is owned by hedge funds and other institutional investors.

About Nautilus Biotechnology (NASDAQ:NAUT)

Nautilus Biotechnology, Inc, a development stage life sciences company, engages in creating platform technology for quantifying and unlocking the complexity of the proteome. It operates Nautilus Proteomic Analysis Platform, an integrated single-molecule protein analysis platform that leverages a nanofabricated, large-scale, single-molecule protein array, multi-cycle imaging, and machine learning analysis to potentially identify and quantify the proteome.

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