Peloton Interactive (NASDAQ:PTON) Stock Price Down 8.2% - Should You Sell?

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.

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

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.