Peloton Interactive (NASDAQ:PTON) Hits New 1-Year Low – What’s Next?

Peloton Interactive, Inc. (NASDAQ:PTON)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $3.81 and last traded at $3.9050, with a volume of 1113035 shares traded. The stock had previously closed at $4.02.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wall Street Zen raised shares of Peloton Interactive from a “hold” rating to a “buy” rating in a research note on Saturday. JPMorgan Chase & Co. dropped their price target on Peloton Interactive from $9.00 to $6.00 and set a “neutral” rating on the stock in a research report on Friday, February 6th. Macquarie Infrastructure raised their price objective on Peloton Interactive from $11.00 to $12.00 and gave the company an “outperform” rating in a research report on Tuesday, November 11th. Argus cut Peloton Interactive from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Finally, Telsey Advisory Group cut their target price on Peloton Interactive from $8.00 to $6.00 and set a “market perform” rating on the stock in a research note on Friday, February 6th. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $8.42.

Peloton Interactive Price Performance

The stock has a market cap of $1.67 billion, a PE ratio of -29.96, a PEG ratio of 0.79 and a beta of 2.47. The company has a 50 day moving average price of $5.53 and a two-hundred day moving average price of $6.78.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $675.04 million. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.24) EPS. As a group, equities analysts predict that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Peloton Interactive news, insider Jennifer Cunningham Cotter sold 154,497 shares of Peloton Interactive stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $4.41, for a total value of $681,331.77. Following the completion of the sale, the insider owned 100,269 shares of the company’s stock, valued at approximately $442,186.29. The trade was a 60.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nick V. Caldwell sold 50,570 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $4.15, for a total value of $209,865.50. Following the completion of the transaction, the insider owned 807,847 shares in the company, valued at approximately $3,352,565.05. This trade represents a 5.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,079,910 shares of company stock valued at $5,144,999 in the last ninety days. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Peloton Interactive

Several hedge funds and other institutional investors have recently made changes to their positions in PTON. Bessemer Group Inc. increased its position in Peloton Interactive by 1,602.6% in the second quarter. Bessemer Group Inc. now owns 5,312 shares of the company’s stock worth $37,000 after buying an additional 5,000 shares in the last quarter. MAI Capital Management grew its stake in shares of Peloton Interactive by 64.6% during the 2nd quarter. MAI Capital Management now owns 5,498 shares of the company’s stock valued at $38,000 after acquiring an additional 2,158 shares during the period. Advisory Services Network LLC purchased a new stake in Peloton Interactive in the 3rd quarter worth approximately $48,000. Evolve Private Wealth LLC bought a new stake in Peloton Interactive during the 4th quarter worth approximately $62,000. Finally, NewEdge Advisors LLC raised its stake in Peloton Interactive by 575.2% during the 4th quarter. NewEdge Advisors LLC now owns 10,182 shares of the company’s stock worth $63,000 after acquiring an additional 8,674 shares during the period. Hedge funds and other institutional investors own 77.01% of the company’s stock.

About Peloton Interactive

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.