Peloton Interactive (NASDAQ:PTON) Trading Down 4.6%

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report)'s stock price fell 4.6% on Monday . The stock traded as low as $4.23 and last traded at $4.32. 11,319,338 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 16,180,500 shares. The stock had previously closed at $4.53.

Analysts Set New Price Targets

Several research analysts have commented on PTON shares. Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a report on Thursday, August 22nd. JPMorgan Chase & Co. downgraded shares of Peloton Interactive from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $7.00 to $5.00 in a research note on Friday, August 23rd. TD Cowen increased their target price on Peloton Interactive from $3.00 to $4.00 and gave the company a "hold" rating in a report on Friday, August 23rd. Sanford C. Bernstein lifted their price target on Peloton Interactive from $3.80 to $4.25 and gave the stock a "market perform" rating in a report on Friday, August 23rd. Finally, Canaccord Genuity Group increased their price objective on Peloton Interactive from $4.00 to $5.00 and gave the company a "hold" rating in a report on Friday, August 23rd. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Peloton Interactive currently has a consensus rating of "Hold" and a consensus price target of $4.57.

Peloton Interactive Stock Performance

The company has a 50-day moving average of $3.72 and a 200-day moving average of $3.78. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of -2.09 and a beta of 2.04.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings results on Thursday, August 22nd. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.10. The company had revenue of $644.00 million for the quarter, compared to analysts' expectations of $633.00 million. During the same quarter last year, the company earned ($0.68) EPS. Peloton Interactive's revenue for the quarter was up .3% compared to the same quarter last year. As a group, equities research analysts forecast that Peloton Interactive, Inc. will post -0.65 EPS for the current year.

Insider Transactions at Peloton Interactive

In other news, CFO Elizabeth F. Coddington sold 56,084 shares of the business's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $4.50, for a total transaction of $252,378.00. Following the transaction, the chief financial officer now directly owns 186,466 shares in the company, valued at $839,097. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Peloton Interactive news, CFO Elizabeth F. Coddington sold 8,923 shares of the business's stock in a transaction on Friday, June 14th. The shares were sold at an average price of $3.68, for a total transaction of $32,836.64. Following the sale, the chief financial officer now directly owns 186,466 shares in the company, valued at approximately $686,194.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Elizabeth F. Coddington sold 56,084 shares of the company's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $4.50, for a total transaction of $252,378.00. Following the transaction, the chief financial officer now directly owns 186,466 shares in the company, valued at $839,097. The disclosure for this sale can be found here. In the last quarter, insiders sold 144,961 shares of company stock worth $630,025. Company insiders own 3.28% of the company's stock.

Institutional Trading of Peloton Interactive

Institutional investors have recently added to or reduced their stakes in the stock. Algert Global LLC acquired a new stake in shares of Peloton Interactive during the 2nd quarter valued at approximately $113,000. Clearline Capital LP purchased a new stake in Peloton Interactive during the second quarter worth $7,527,000. Susquehanna Fundamental Investments LLC purchased a new stake in Peloton Interactive during the second quarter worth $190,000. Select Equity Group L.P. acquired a new stake in Peloton Interactive in the second quarter valued at $1,832,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Peloton Interactive by 253.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 181,589 shares of the company's stock worth $614,000 after buying an additional 130,242 shares during the last quarter. Hedge funds and other institutional investors own 77.01% of the company's stock.

Peloton Interactive Company Profile

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.