Peloton Interactive (NASDAQ:PTON) Stock Price Down 5.8% - Here's What Happened

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report)'s stock price dropped 5.8% during trading on Friday . The company traded as low as $9.65 and last traded at $9.56. Approximately 4,332,709 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 14,022,170 shares. The stock had previously closed at $10.15.

Analysts Set New Price Targets

PTON has been the topic of several recent analyst reports. Truist Financial increased their price objective on shares of Peloton Interactive from $6.00 to $10.00 and gave the stock a "hold" rating in a report on Friday, November 1st. The Goldman Sachs Group boosted their price target on Peloton Interactive from $8.00 to $10.00 and gave the company a "neutral" rating in a research report on Monday, February 10th. JMP Securities restated a "market perform" rating on shares of Peloton Interactive in a report on Friday, February 7th. UBS Group upgraded Peloton Interactive from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $2.50 to $10.00 in a report on Friday, December 6th. Finally, Argus upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 price target on the stock in a report on Tuesday, February 11th. Sixteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $8.38.

Peloton Interactive Stock Performance

The company has a market capitalization of $3.67 billion, a PE ratio of -12.51 and a beta of 1.95. The company has a 50 day moving average price of $8.87 and a 200 day moving average price of $6.92.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). On average, equities analysts forecast that Peloton Interactive, Inc. will post -0.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, CEO Karen Boone sold 16,925 shares of the business's stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $9.64, for a total transaction of $163,157.00. Following the completion of the sale, the chief executive officer now owns 228,217 shares in the company, valued at $2,200,011.88. The trade was a 6.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.34% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Peloton Interactive

A number of institutional investors have recently modified their holdings of the business. Townsquare Capital LLC lifted its holdings in Peloton Interactive by 6.5% in the fourth quarter. Townsquare Capital LLC now owns 19,280 shares of the company's stock worth $168,000 after acquiring an additional 1,172 shares during the last quarter. PDT Partners LLC lifted its stake in Peloton Interactive by 0.7% in the third quarter. PDT Partners LLC now owns 205,573 shares of the company's stock valued at $962,000 after buying an additional 1,373 shares during the last quarter. Comerica Bank boosted its holdings in shares of Peloton Interactive by 29.1% during the fourth quarter. Comerica Bank now owns 6,164 shares of the company's stock valued at $54,000 after acquiring an additional 1,389 shares during the period. Cetera Investment Advisers grew its position in shares of Peloton Interactive by 9.1% during the fourth quarter. Cetera Investment Advisers now owns 17,144 shares of the company's stock worth $149,000 after acquiring an additional 1,432 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Peloton Interactive by 3.8% in the 4th quarter. Victory Capital Management Inc. now owns 42,084 shares of the company's stock worth $366,000 after acquiring an additional 1,534 shares during the period. 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.