Peloton Interactive (NASDAQ:PTON) Trading Down 3.2%

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report)'s share price was down 3.2% on Tuesday . The company traded as low as $4.56 and last traded at $4.57. Approximately 1,428,853 shares traded hands during trading, a decline of 91% from the average daily volume of 15,926,431 shares. The stock had previously closed at $4.72.

Analyst Ratings Changes

PTON has been the topic of several analyst reports. Canaccord Genuity Group increased their price target on shares of Peloton Interactive from $4.00 to $5.00 and gave the stock a "hold" rating in a research report on Friday, August 23rd. Morgan Stanley lifted their price target on Peloton Interactive from $2.50 to $3.50 and gave the company an "equal weight" rating in a research note on Friday, August 23rd. Roth Mkm upped their price objective on Peloton Interactive from $5.00 to $6.00 and gave the stock a "buy" rating in a research report on Friday, August 23rd. Macquarie reiterated a "neutral" rating and issued a $2.53 target price on shares of Peloton Interactive in a research report on Thursday, August 22nd. Finally, JPMorgan Chase & Co. cut shares of Peloton Interactive from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $7.00 to $5.00 in a report on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $4.57.

Peloton Interactive Trading Down 2.5 %

The stock has a market cap of $1.73 billion, a P/E ratio of -2.18 and a beta of 2.04. The business has a 50-day simple moving average of $3.84 and a 200 day simple moving average of $3.78.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its earnings results on Thursday, August 22nd. The company reported ($0.08) earnings per share for the quarter, beating analysts' consensus estimates of ($0.18) by $0.10. The firm had revenue of $644.00 million for the quarter, compared to analyst estimates of $633.00 million. During the same period in the prior year, the company posted ($0.68) EPS. The business's revenue for the quarter was up .3% compared to the same quarter last year. As a group, equities analysts expect that Peloton Interactive, Inc. will post -0.65 earnings per share for the current year.

Insider Activity at Peloton Interactive

In related news, CAO Saqib Baig sold 50,000 shares of the company's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $4.88, for a total transaction of $244,000.00. Following the sale, the chief accounting officer now owns 87,014 shares in the company, valued at approximately $424,628.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CAO Saqib Baig sold 50,000 shares of Peloton Interactive stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $4.88, for a total value of $244,000.00. Following the completion of the sale, the chief accounting officer now owns 87,014 shares in the company, valued at approximately $424,628.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Karen Boone sold 14,841 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $3.31, for a total transaction of $49,123.71. Following the transaction, the chief executive officer now directly owns 116,171 shares in the company, valued at $384,526.01. The disclosure for this sale can be found here. Insiders have sold a total of 172,857 shares of company stock worth $771,710 over the last quarter. Company insiders own 3.28% of the company's stock.

Institutional Trading of Peloton Interactive

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV acquired a new stake in Peloton Interactive in the second quarter valued at approximately $27,000. Skylands Capital LLC bought a new position in shares of Peloton Interactive in the 2nd quarter worth $30,000. Nisa Investment Advisors LLC grew its position in Peloton Interactive by 1,836.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company's stock valued at $32,000 after purchasing an additional 9,000 shares during the period. Schneider Downs Wealth Management Advisors LP bought a new stake in Peloton Interactive during the 2nd quarter valued at $35,000. Finally, CIBC Asset Management Inc acquired a new position in Peloton Interactive during the second quarter worth $35,000. 77.01% of the stock is owned by institutional investors.

About Peloton Interactive

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.