Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) shares traded down 13.9% during trading on Thursday . The company traded as low as $5.67 and last traded at $5.43. 1,748,390 shares were traded during trading, a decline of 89% from the average session volume of 15,961,614 shares. The stock had previously closed at $6.31.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $11.00 target price on shares of Peloton Interactive in a research report on Monday, February 3rd. The Goldman Sachs Group lifted their price objective on shares of Peloton Interactive from $8.00 to $10.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Macquarie restated a "neutral" rating and issued a $9.00 target price on shares of Peloton Interactive in a research note on Monday, February 10th. Canaccord Genuity Group raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 price target on the stock in a research note on Friday, March 14th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a report on Thursday, February 6th. Fifteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $8.69.
Get Our Latest Analysis on PTON
Peloton Interactive Trading Down 6.9 %
The stock's 50-day moving average price is $7.47 and its 200-day moving average price is $7.65. The company has a market capitalization of $1.96 billion, a P/E ratio of -6.53 and a beta of 2.21.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). Sell-side analysts expect that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, CFO Elizabeth F. Coddington sold 170,819 shares of Peloton Interactive stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $9.62, for a total transaction of $1,643,278.78. Following the sale, the chief financial officer now owns 275,212 shares of the company's stock, valued at approximately $2,647,539.44. The trade was a 38.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Saqib Baig sold 22,662 shares of the business's stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 130,031 shares of the company's stock, valued at approximately $1,267,802.25. This represents a 14.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 674,338 shares of company stock worth $5,522,838 in the last three months. 1.34% of the stock is owned by insiders.
Institutional Trading of Peloton Interactive
Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Peloton Interactive by 4.9% during the fourth quarter. Vanguard Group Inc. now owns 35,059,790 shares of the company's stock valued at $305,020,000 after purchasing an additional 1,645,640 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in Peloton Interactive by 38.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 16,820,256 shares of the company's stock valued at $146,337,000 after buying an additional 4,635,667 shares during the period. DME Capital Management LP raised its position in shares of Peloton Interactive by 10.4% during the 4th quarter. DME Capital Management LP now owns 10,522,687 shares of the company's stock worth $91,547,000 after buying an additional 992,797 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in shares of Peloton Interactive during the 4th quarter worth about $85,260,000. Finally, Geode Capital Management LLC lifted its stake in shares of Peloton Interactive by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 8,270,328 shares of the company's stock worth $71,969,000 after acquiring an additional 170,901 shares during the period. Institutional investors own 77.01% of the company's stock.
About Peloton Interactive
(
Get Free Report)
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.
Featured Stories
Before you consider Peloton Interactive, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Peloton Interactive wasn't on the list.
While Peloton Interactive currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
