Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) shares traded down 13.9% during trading on Thursday . The stock traded as low as $5.67 and last traded at $5.43. 1,748,390 shares were traded during mid-day 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 Analyst Weigh In
A number of equities analysts have commented on the stock. Citigroup reduced their target price on shares of Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating for the company in a report on Monday, February 10th. The Goldman Sachs Group boosted their target price on Peloton Interactive from $8.00 to $10.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. JPMorgan Chase & Co. dropped their price target on Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating on the stock in a research note on Tuesday. Canaccord Genuity Group raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 target price on the stock in a research report on Friday, March 14th. Finally, Needham & Company LLC restated a "hold" rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Fifteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $8.69.
View Our Latest Stock Analysis on PTON
Peloton Interactive Stock Down 2.9 %
The stock's 50-day moving average price is $7.41 and its 200 day moving average price is $7.65. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of -6.49 and a beta of 2.21.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). On average, sell-side analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.
Insider Transactions at Peloton Interactive
In other news, insider Nick V. Caldwell sold 68,727 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $6.59, for a total value of $452,910.93. Following the completion of the sale, the insider now owns 474,234 shares of the company's stock, valued at $3,125,202.06. This represents a 12.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Saqib Baig sold 22,662 shares of Peloton Interactive stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.75, for a total transaction of $220,954.50. Following the sale, the chief accounting officer now directly owns 130,031 shares in the company, valued at approximately $1,267,802.25. The trade was a 14.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 674,338 shares of company stock worth $5,522,838 in the last quarter. Company insiders own 1.34% of the company's stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Hennessy Advisors Inc. acquired a new stake in Peloton Interactive in the fourth quarter valued at approximately $85,260,000. T. Rowe Price Investment Management Inc. raised its stake in Peloton Interactive by 38.0% in the fourth 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 in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Peloton Interactive in the fourth quarter valued at approximately $39,992,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Peloton Interactive by 245.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,227,854 shares of the company's stock worth $36,782,000 after acquiring an additional 3,004,757 shares during the period. Finally, Voloridge Investment Management LLC boosted its position in shares of Peloton Interactive by 1,438.9% during the 4th quarter. Voloridge Investment Management LLC now owns 3,109,054 shares of the company's stock worth $27,049,000 after purchasing an additional 2,907,023 shares in the last quarter. Hedge funds and other institutional investors own 77.01% of the company's stock.
Peloton Interactive Company Profile
(
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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