Peloton Interactive (NASDAQ:PTON) Shares Down 6.6%

Peloton Interactive, Inc. (NASDAQ:PTONGet Free Report) traded down 6.6% on Friday . The stock traded as low as $4.12 and last traded at $4.12. 5,806,040 shares changed hands during trading, a decline of 61% from the average session volume of 14,964,860 shares. The stock had previously closed at $4.41.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Morgan Stanley assumed coverage on Peloton Interactive in a research note on Monday, March 11th. They set an “equal weight” rating and a $3.00 price objective on the stock. Truist Financial cut their target price on Peloton Interactive from $7.00 to $6.00 and set a “hold” rating on the stock in a research note on Friday, February 2nd. The Goldman Sachs Group cut their target price on Peloton Interactive from $6.50 to $5.75 and set a “neutral” rating on the stock in a research note on Friday, February 2nd. Telsey Advisory Group cut their target price on Peloton Interactive from $6.00 to $5.00 and set a “market perform” rating on the stock in a research note on Friday, February 2nd. Finally, JPMorgan Chase & Co. cut their target price on Peloton Interactive from $9.00 to $8.00 and set an “overweight” rating on the stock in a research note on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $7.50.

Read Our Latest Analysis on PTON

Peloton Interactive Price Performance

The stock has a market cap of $1.54 billion, a PE ratio of -1.71 and a beta of 1.97. The business has a fifty day moving average of $4.80 and a 200-day moving average of $5.19.

Peloton Interactive (NASDAQ:PTONGet Free Report) last posted its earnings results on Thursday, February 1st. The company reported ($0.54) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.01. The company had revenue of $743.60 million for the quarter, compared to analysts’ expectations of $733.17 million. The firm’s quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.98) EPS. As a group, equities research analysts predict that Peloton Interactive, Inc. will post -1.57 EPS for the current year.

Insiders Place Their Bets

In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 8,977 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $4.34, for a total transaction of $38,960.18. Following the completion of the sale, the chief financial officer now owns 104,428 shares in the company, valued at $453,217.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CFO Elizabeth F. Coddington sold 8,977 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $4.34, for a total transaction of $38,960.18. Following the completion of the sale, the chief financial officer now owns 104,428 shares in the company, valued at approximately $453,217.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Karen Boone sold 50,000 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $4.33, for a total value of $216,500.00. Following the sale, the director now owns 34,966 shares of the company’s stock, valued at approximately $151,402.78. The disclosure for this sale can be found here. 3.28% of the stock is owned by company insiders.

Institutional Trading of Peloton Interactive

Several hedge funds and other institutional investors have recently made changes to their positions in PTON. Price T Rowe Associates Inc. MD increased its position in shares of Peloton Interactive by 25.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 48,455,871 shares of the company’s stock valued at $384,740,000 after acquiring an additional 9,691,287 shares during the period. Vanguard Group Inc. increased its position in shares of Peloton Interactive by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 30,339,435 shares of the company’s stock valued at $184,767,000 after acquiring an additional 735,658 shares during the period. Capital World Investors increased its position in shares of Peloton Interactive by 17.6% in the 4th quarter. Capital World Investors now owns 26,259,325 shares of the company’s stock valued at $159,919,000 after acquiring an additional 3,925,000 shares during the period. Dragoneer Investment Group LLC increased its position in shares of Peloton Interactive by 51.0% in the 2nd quarter. Dragoneer Investment Group LLC now owns 14,344,188 shares of the company’s stock valued at $110,307,000 after acquiring an additional 4,847,696 shares during the period. Finally, DNB Asset Management AS increased its position in shares of Peloton Interactive by 31.7% in the 4th quarter. DNB Asset Management AS now owns 8,386,903 shares of the company’s stock valued at $51,076,000 after acquiring an additional 2,020,159 shares during the period. Hedge funds and other institutional investors own 79.96% of the company’s stock.

About Peloton Interactive

(Get Free Report)

Peloton Interactive, Inc operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names.

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