Peloton Interactive (NASDAQ:PTON) Hits New 12-Month Low at $3.57

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) hit a new 52-week low on Wednesday . The company traded as low as $3.57 and last traded at $3.59, with a volume of 9203024 shares. The stock had previously closed at $3.95.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their target price on Peloton Interactive from $9.00 to $8.00 and set an "overweight" rating on the stock in a research note on Friday, February 2nd. The Goldman Sachs Group cut their target price on Peloton Interactive from $6.50 to $5.75 and set a "neutral" rating on the stock in a research note on Friday, February 2nd. Morgan Stanley started coverage on shares of Peloton Interactive in a report on Monday, March 11th. They issued an "equal weight" rating and a $3.00 price target on the stock. Telsey Advisory Group lowered their price target on shares of Peloton Interactive from $6.00 to $5.00 and set a "market perform" rating on the stock in a report on Friday, February 2nd. Finally, Truist Financial lowered their price target on shares of Peloton Interactive from $7.00 to $6.00 and set a "hold" rating on the stock in a report on Friday, February 2nd. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $7.50.

Peloton Interactive Trading Down 7.6 %

The business's fifty day simple moving average is $4.38 and its 200-day simple moving average is $5.10. The firm has a market cap of $1.34 billion, a P/E ratio of -1.49 and a beta of 1.96.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its quarterly earnings data on Thursday, February 1st. The company reported ($0.54) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.55) by $0.01. The business had revenue of $743.60 million during the quarter, compared to analysts' expectations of $733.17 million. During the same quarter last year, the business posted ($0.98) EPS. The company's quarterly revenue was down 6.2% on a year-over-year basis. As a group, research analysts expect that Peloton Interactive, Inc. will post -1.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Elizabeth F. Coddington sold 8,977 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $4.34, for a total value of $38,960.18. Following the sale, the chief financial officer now owns 104,428 shares in the company, valued at $453,217.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Karen Boone sold 50,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $4.33, for a total value of $216,500.00. Following the transaction, the director now owns 34,966 shares of the company's stock, valued at $151,402.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Elizabeth F. Coddington sold 8,977 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $4.34, for a total value of $38,960.18. Following the completion of the transaction, the chief financial officer now directly owns 104,428 shares in the company, valued at approximately $453,217.52. The disclosure for this sale can be found here. 3.28% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Johnson & White Wealth Management LLC bought a new position in Peloton Interactive in the first quarter valued at $43,000. Vanguard Group Inc. increased its stake in Peloton Interactive by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 30,339,435 shares of the company's stock valued at $184,767,000 after acquiring an additional 735,658 shares during the last quarter. Twin Focus Capital Partners LLC bought a new position in Peloton Interactive in the fourth quarter valued at $292,000. Syon Capital LLC bought a new position in Peloton Interactive in the fourth quarter valued at $122,000. Finally, Public Employees Retirement System of Ohio increased its stake in Peloton Interactive by 9.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 142,894 shares of the company's stock valued at $870,000 after acquiring an additional 12,368 shares during the last quarter. 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.