Peloton Interactive (NASDAQ:PTON) Reaches New 1-Year Low at $3.10

Peloton Interactive, Inc. (NASDAQ:PTON)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $3.10 and last traded at $3.13, with a volume of 1763106 shares changing hands. The stock had previously closed at $3.29.

Analyst Ratings Changes

PTON has been the subject of several research analyst reports. Telsey Advisory Group reduced their target price on Peloton Interactive from $6.00 to $5.00 and set a “market perform” rating for the company in a research note on Friday, February 2nd. The Goldman Sachs Group reduced their target price on Peloton Interactive from $6.50 to $5.75 and set a “neutral” rating for the company in a research note on Friday, February 2nd. Truist Financial reduced their target price on Peloton Interactive from $7.00 to $6.00 and set a “hold” rating for the company in a research note on Friday, February 2nd. Morgan Stanley initiated coverage on Peloton Interactive in a research note on Monday, March 11th. They set an “equal weight” rating and a $3.00 target price for the company. Finally, JPMorgan Chase & Co. reduced their target price on Peloton Interactive from $9.00 to $8.00 and set an “overweight” rating for the company in a research note on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $7.50.

Peloton Interactive Price Performance

The company has a 50-day simple moving average of $4.25 and a two-hundred day simple moving average of $5.04. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of -1.26 and a beta of 1.96.

Peloton Interactive (NASDAQ:PTON) last issued its earnings results on Thursday, February 1st. The company reported ($0.54) earnings per share for the quarter, topping the consensus estimate of ($0.55) by $0.01. The company had revenue of $743.60 million during the quarter, compared to analyst estimates of $733.17 million. During the same period in the prior year, the business earned ($0.98) earnings per share. Peloton Interactive’s quarterly revenue was down 6.2% on a year-over-year basis. Research analysts anticipate that Peloton Interactive, Inc. will post -1.6 EPS for the current year.

Insiders Place Their Bets

In other Peloton Interactive news, Director Karen Boone sold 50,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $4.33, for a total value of $216,500.00. Following the sale, the director now directly owns 34,966 shares of the company’s stock, valued at $151,402.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Karen Boone sold 50,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $4.33, for a total transaction of $216,500.00. Following the transaction, the director now directly owns 34,966 shares of the company’s stock, valued at $151,402.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Elizabeth F. Coddington sold 8,977 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $4.34, for a total value of $38,960.18. Following the transaction, the chief financial officer now directly owns 104,428 shares in the company, valued at $453,217.52. The disclosure for this sale can be found here. 3.28% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PTON. Covestor Ltd grew its holdings in Peloton Interactive by 1,054.2% during the first quarter. Covestor Ltd now owns 1,385 shares of the company’s stock worth $37,000 after acquiring an additional 1,265 shares during the period. ICA Group Wealth Management LLC acquired a new position in Peloton Interactive during the fourth quarter worth about $39,000. Johnson & White Wealth Management LLC acquired a new position in Peloton Interactive during the first quarter worth about $43,000. KBC Group NV acquired a new position in Peloton Interactive during the fourth quarter worth about $45,000. Finally, Rakuten Securities Inc. acquired a new position in Peloton Interactive during the fourth quarter worth about $47,000. 77.01% of the stock is owned by institutional investors and hedge funds.

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.