Peloton Interactive (NASDAQ:PTON) Stock Price Down 8.6%

Peloton Interactive, Inc. (NASDAQ:PTON – Get Rating)’s share price was down 8.6% during trading on Friday . The company traded as low as $9.73 and last traded at $9.73. Approximately 2,863,697 shares changed hands during trading, a decline of 78% from the average daily volume of 13,202,186 shares. The stock had previously closed at $10.64.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on PTON shares. Robert W. Baird upped their target price on Peloton Interactive from $12.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, February 2nd. JMP Securities downgraded Peloton Interactive from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 1st. Canaccord Genuity Group upped their target price on Peloton Interactive from $15.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. BNP Paribas downgraded Peloton Interactive from a “neutral” rating to an “underperform” rating and set a $8.00 price objective for the company. in a report on Thursday, February 2nd. Finally, Bank of America increased their price objective on Peloton Interactive from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $16.34.

Peloton Interactive Price Performance

The company has a debt-to-equity ratio of 54.95, a current ratio of 2.28 and a quick ratio of 1.40. The company has a market capitalization of $3.49 billion, a PE ratio of -1.24 and a beta of 1.96. The firm has a 50-day moving average of $12.74 and a 200 day moving average of $10.60.

Peloton Interactive (NASDAQ:PTON – Get Rating) last released its quarterly earnings data on Wednesday, February 1st. The company reported ($0.98) EPS for the quarter, missing the consensus estimate of ($0.67) by ($0.31). Peloton Interactive had a negative net margin of 89.95% and a negative return on equity of 204.17%. The business had revenue of $792.70 million for the quarter, compared to analysts’ expectations of $712.30 million. During the same period last year, the business earned ($1.39) earnings per share. The company’s quarterly revenue was down 30.1% on a year-over-year basis. As a group, research analysts anticipate that Peloton Interactive, Inc. will post -2.91 earnings per share for the current fiscal year.

Insider Activity at Peloton Interactive

In related news, insider Jennifer Cunningham Cotter sold 11,838 shares of the stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $15.24, for a total transaction of $180,411.12. Following the sale, the insider now directly owns 27,401 shares of the company’s stock, valued at $417,591.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.54% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Signaturefd LLC boosted its position in Peloton Interactive by 0.8% in the fourth quarter. Signaturefd LLC now owns 102,938 shares of the company’s stock worth $817,000 after purchasing an additional 852 shares during the last quarter. Seeyond boosted its position in Peloton Interactive by 14.3% in the second quarter. Seeyond now owns 7,552 shares of the company’s stock worth $69,000 after purchasing an additional 945 shares during the last quarter. Voya Investment Management LLC raised its stake in shares of Peloton Interactive by 2.4% in the fourth quarter. Voya Investment Management LLC now owns 39,837 shares of the company’s stock worth $316,000 after buying an additional 952 shares during the period. IFP Advisors Inc raised its stake in shares of Peloton Interactive by 57.5% in the third quarter. IFP Advisors Inc now owns 3,102 shares of the company’s stock worth $92,000 after buying an additional 1,132 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in shares of Peloton Interactive by 3.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 34,887 shares of the company’s stock worth $277,000 after buying an additional 1,200 shares during the period. 74.43% of the stock is owned by hedge funds and other institutional investors.

Peloton Interactive Company Profile

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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, and Peloton Tread+ names. It also provides connected fitness subscriptions for various household users, and access to various live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.