Peloton Interactive (NASDAQ:PTON) Reaches New 52-Week Low at $3.10

Peloton Interactive, Inc. (NASDAQ:PTON)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock 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 Upgrades and Downgrades

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

Peloton Interactive Stock Down 4.9 %

The firm’s fifty day moving average price is $4.30 and its 200-day moving average price is $5.07. The stock has a market cap of $1.15 billion, a P/E ratio of -1.26 and a beta of 1.96.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings results on Thursday, February 1st. The company reported ($0.54) 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 period in the previous year, the business earned ($0.98) EPS. The business’s revenue was down 6.2% compared to the same quarter last year. Sell-side analysts predict that Peloton Interactive, Inc. will post -1.6 earnings per share for the current year.

Insider Buying and Selling

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

Hedge Funds Weigh In On Peloton Interactive

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Johnson & White Wealth Management LLC purchased a new position in shares of Peloton Interactive in the 1st quarter worth about $43,000. Vanguard Group Inc. raised its position 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 worth $184,767,000 after purchasing an additional 735,658 shares during the last quarter. Twin Focus Capital Partners LLC purchased a new position in shares of Peloton Interactive in the 4th quarter worth about $292,000. Syon Capital LLC purchased a new position in shares of Peloton Interactive in the 4th quarter worth about $122,000. Finally, Public Employees Retirement System of Ohio raised its position in shares of Peloton Interactive by 9.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 142,894 shares of the company’s stock worth $870,000 after purchasing an additional 12,368 shares during the last quarter. Hedge funds and other 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.