Peloton Interactive (NASDAQ:PTON) Sets New 12-Month Low – Here’s Why

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $3.71 and last traded at $3.77, with a volume of 1486824 shares traded. The stock had previously closed at $3.83.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PTON. Citigroup reduced their price objective on Peloton Interactive from $8.25 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. Argus lowered shares of Peloton Interactive from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Guggenheim started coverage on shares of Peloton Interactive in a research report on Wednesday, December 10th. They set a “neutral” rating on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Peloton Interactive in a research report on Friday, January 9th. Finally, UBS Group restated a “buy” rating on shares of Peloton Interactive in a research report on Tuesday, February 3rd. Seven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $8.42.

Peloton Interactive Stock Performance

The company’s fifty day moving average price is $5.20 and its 200-day moving average price is $6.57. The stock has a market cap of $1.58 billion, a P/E ratio of -28.54, a price-to-earnings-growth ratio of 0.76 and a beta of 2.47.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, February 5th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The company had revenue of $656.50 million for the quarter, compared to the consensus estimate of $675.04 million. During the same quarter last year, the firm earned ($0.24) EPS. The company’s revenue was down 2.5% compared to the same quarter last year. Analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Peloton Interactive

In other news, CFO Elizabeth F. Coddington sold 238,013 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $4.18, for a total transaction of $994,894.34. Following the transaction, the chief financial officer owned 346,535 shares of the company’s stock, valued at approximately $1,448,516.30. This represents a 40.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Dion C. Sanders sold 146,844 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $4.41, for a total value of $647,582.04. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,074,910 shares of company stock valued at $5,113,049. 1.30% of the stock is owned by company insiders.

Institutional Trading of Peloton Interactive

Hedge funds have recently added to or reduced their stakes in the business. Eminence Capital LP purchased a new position in Peloton Interactive during the 2nd quarter valued at about $112,681,000. DNB Asset Management AS lifted its position in shares of Peloton Interactive by 142.4% in the 4th quarter. DNB Asset Management AS now owns 10,776,627 shares of the company’s stock worth $66,384,000 after purchasing an additional 6,331,510 shares during the period. Hennessy Advisors Inc. purchased a new stake in shares of Peloton Interactive in the 4th quarter worth approximately $30,533,000. Alyeska Investment Group L.P. boosted its stake in shares of Peloton Interactive by 306.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 5,462,344 shares of the company’s stock valued at $33,648,000 after purchasing an additional 4,116,986 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Peloton Interactive during the fourth quarter valued at approximately $23,796,000. 77.01% of the stock is owned by hedge funds and other institutional investors.

Peloton Interactive Company Profile

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.