Peloton Interactive (NASDAQ:PTON) Hits New 12-Month Low at $3.10

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report)'s share price reached a new 52-week low on Tuesday . The company traded as low as $3.10 and last traded at $3.13, with a volume of 1763106 shares traded. The stock had previously closed at $3.29.

Analyst Ratings Changes

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

Peloton Interactive Stock Down 5.8 %

The stock has a market capitalization of $1.14 billion, a PE ratio of -1.27 and a beta of 1.96. The firm's fifty day moving average is $4.28 and its 200-day moving average is $5.05.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its quarterly earnings results on Thursday, February 1st. The company reported ($0.54) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.55) by $0.01. The firm had revenue of $743.60 million for the quarter, compared to analysts' expectations of $733.17 million. The company's revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the prior year, the company earned ($0.98) earnings per share. On average, analysts expect that Peloton Interactive, Inc. will post -1.6 EPS for the current year.

Insider Buying and Selling at Peloton Interactive

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

Institutional Trading of Peloton Interactive

A number of hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in Peloton Interactive by 25.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 48,455,871 shares of the company's stock worth $384,740,000 after acquiring an additional 9,691,287 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Peloton Interactive by 2.5% in the 4th 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 period. Capital World Investors raised its stake in shares of Peloton Interactive by 17.6% in the 4th quarter. Capital World Investors now owns 26,259,325 shares of the company's stock valued at $159,919,000 after acquiring an additional 3,925,000 shares during the period. DNB Asset Management AS raised its stake in shares of Peloton Interactive by 31.7% in the 4th quarter. DNB Asset Management AS now owns 8,386,903 shares of the company's stock valued at $51,076,000 after acquiring an additional 2,020,159 shares during the period. Finally, Two Sigma Investments LP raised its stake in shares of Peloton Interactive by 34.7% in the 1st quarter. Two Sigma Investments LP now owns 6,542,455 shares of the company's stock valued at $74,191,000 after acquiring an additional 1,685,030 shares during the period. Institutional investors and hedge funds 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.