Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report)'s stock price was down 6.7% during mid-day trading on Wednesday . The stock traded as low as $7.85 and last traded at $7.89. Approximately 12,046,185 shares were traded during trading, a decline of 18% from the average daily volume of 14,701,085 shares. The stock had previously closed at $8.45.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on PTON shares. UBS Group raised Peloton Interactive from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $2.50 to $10.00 in a research note on Friday, December 6th. The Goldman Sachs Group lifted their price target on Peloton Interactive from $8.00 to $10.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $11.00 price target on shares of Peloton Interactive in a research note on Monday, February 3rd. BMO Capital Markets lifted their price target on Peloton Interactive from $6.50 to $8.50 and gave the stock a "market perform" rating in a research note on Monday, November 4th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Sixteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $8.38.
View Our Latest Research Report on PTON
Peloton Interactive Stock Performance
The company has a market cap of $2.94 billion, a P/E ratio of -9.78 and a beta of 1.95. The business has a 50 day moving average price of $8.67 and a two-hundred day moving average price of $7.28.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its quarterly 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). As a group, research analysts expect that Peloton Interactive, Inc. will post -0.36 EPS for the current year.
Insiders Place Their Bets
In related news, CAO Saqib Baig sold 22,662 shares of the company'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 sale, the chief accounting officer now owns 130,031 shares in the company, valued at $1,267,802.25. This represents a 14.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Elizabeth F. Coddington sold 170,819 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $9.62, for a total value of $1,643,278.78. Following the completion of the sale, the chief financial officer now owns 275,212 shares in the company, valued at $2,647,539.44. The trade was a 38.30 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 414,406 shares of company stock worth $3,913,773. Company insiders own 1.34% of the company's stock.
Institutional Trading of Peloton Interactive
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Townsquare Capital LLC lifted its position in Peloton Interactive by 6.5% in the 4th quarter. Townsquare Capital LLC now owns 19,280 shares of the company's stock valued at $168,000 after acquiring an additional 1,172 shares in the last quarter. PDT Partners LLC lifted its position in Peloton Interactive by 0.7% in the 3rd quarter. PDT Partners LLC now owns 205,573 shares of the company's stock valued at $962,000 after acquiring an additional 1,373 shares in the last quarter. Comerica Bank lifted its position in Peloton Interactive by 29.1% in the 4th quarter. Comerica Bank now owns 6,164 shares of the company's stock valued at $54,000 after acquiring an additional 1,389 shares in the last quarter. Cetera Investment Advisers lifted its position in Peloton Interactive by 9.1% in the 4th quarter. Cetera Investment Advisers now owns 17,144 shares of the company's stock valued at $149,000 after acquiring an additional 1,432 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in Peloton Interactive by 3.8% in the 4th quarter. Victory Capital Management Inc. now owns 42,084 shares of the company's stock valued at $366,000 after acquiring an additional 1,534 shares in the last quarter. Hedge funds and other 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.
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