Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report)'s stock price traded down 8.2% during trading on Friday . The stock traded as low as $6.24 and last traded at $6.22. 8,837,424 shares traded hands during trading, a decline of 45% from the average session volume of 16,003,890 shares. The stock had previously closed at $6.77.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on PTON shares. Canaccord Genuity Group upgraded Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 price target for the company in a report on Friday, March 14th. Telsey Advisory Group restated a "market perform" rating and set a $11.00 price objective on shares of Peloton Interactive in a research note on Monday, February 3rd. Argus upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 target price on the stock in a research note on Tuesday, February 11th. UBS Group raised shares of Peloton Interactive from a "sell" rating to a "neutral" rating and raised their price target for the company from $2.50 to $10.00 in a research report on Friday, December 6th. Finally, Macquarie reaffirmed a "neutral" rating and issued a $9.00 price objective on shares of Peloton Interactive in a research report on Monday, February 10th. Fifteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Peloton Interactive has a consensus rating of "Hold" and an average target price of $8.69.
View Our Latest Research Report on PTON
Peloton Interactive Stock Performance
The company's 50-day moving average price is $7.69 and its 200 day moving average price is $7.62. The stock has a market cap of $2.43 billion, a PE ratio of -8.08 and a beta of 1.95.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.04). On average, sell-side analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.
Insider Activity at Peloton Interactive
In related news, CFO Elizabeth F. Coddington sold 170,819 shares of Peloton Interactive stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $9.62, for a total transaction of $1,643,278.78. Following the transaction, the chief financial officer now owns 275,212 shares in the company, valued at approximately $2,647,539.44. The trade was a 38.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Saqib Baig sold 22,662 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.75, for a total value of $220,954.50. Following the completion of the sale, the chief accounting officer now owns 130,031 shares of the company's stock, valued at $1,267,802.25. The trade was a 14.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 691,597 shares of company stock worth $5,671,783. Corporate insiders own 1.34% of the company's stock.
Hedge Funds Weigh In On Peloton Interactive
Large investors have recently made changes to their positions in the business. R Squared Ltd bought a new stake in Peloton Interactive during the 4th quarter valued at approximately $28,000. Point72 Asia Singapore Pte. Ltd. raised its position in shares of Peloton Interactive by 31.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company's stock valued at $31,000 after buying an additional 1,597 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Peloton Interactive by 969.6% in the fourth quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock worth $35,000 after buying an additional 3,636 shares in the last quarter. Comerica Bank boosted its position in shares of Peloton Interactive by 29.1% during the fourth quarter. Comerica Bank now owns 6,164 shares of the company's stock worth $54,000 after acquiring an additional 1,389 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in Peloton Interactive during the third quarter valued at $58,000. 77.01% of the stock is currently owned by hedge funds and other institutional investors.
About Peloton Interactive
(
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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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