Peloton Interactive (NASDAQ:PTON) Trading Down 4.6%

Peloton Interactive, Inc. (NASDAQ:PTON) fell 4.6% during trading on Monday . The company traded as low as $4.23 and last traded at $4.32. 11,319,338 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 16,180,500 shares. The stock had previously closed at $4.53.

Analysts Set New Price Targets

Several equities analysts have issued reports on PTON shares. Robert W. Baird boosted their price target on Peloton Interactive from $4.00 to $4.75 and gave the company a “neutral” rating in a research note on Monday, August 26th. TD Cowen increased their target price on shares of Peloton Interactive from $3.00 to $4.00 and gave the company a “hold” rating in a research report on Friday, August 23rd. Sanford C. Bernstein boosted their target price on shares of Peloton Interactive from $3.80 to $4.25 and gave the company a “market perform” rating in a report on Friday, August 23rd. Morgan Stanley increased their price objective on Peloton Interactive from $2.50 to $3.50 and gave the stock an “equal weight” rating in a research report on Friday, August 23rd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a report on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $4.57.

Peloton Interactive Trading Down 0.2 %

The stock’s fifty day simple moving average is $3.76 and its 200-day simple moving average is $3.78. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of -2.09 and a beta of 2.04.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, August 22nd. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.10. The firm had revenue of $644.00 million for the quarter, compared to analysts’ expectations of $633.00 million. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.68) EPS. On average, analysts anticipate that Peloton Interactive, Inc. will post -0.65 EPS for the current fiscal year.

Insider Activity

In other news, insider Nick V. Caldwell purchased 31,337 shares of the stock in a transaction dated Friday, August 23rd. The stock was acquired at an average cost of $4.25 per share, for a total transaction of $133,182.25. Following the acquisition, the insider now owns 31,337 shares of the company’s stock, valued at $133,182.25. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other news, insider Nick V. Caldwell acquired 31,337 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was acquired at an average price of $4.25 per share, for a total transaction of $133,182.25. Following the completion of the acquisition, the insider now directly owns 31,337 shares in the company, valued at approximately $133,182.25. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Elizabeth F. Coddington sold 8,923 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $3.68, for a total value of $32,836.64. Following the completion of the transaction, the chief financial officer now owns 186,466 shares of the company’s stock, valued at approximately $686,194.88. The disclosure for this sale can be found here. Insiders have sold 144,961 shares of company stock valued at $630,025 in the last three months. Corporate insiders own 3.28% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC grew its stake in shares of Peloton Interactive by 293.5% during the fourth quarter. International Assets Investment Management LLC now owns 57,928 shares of the company’s stock valued at $353,000 after purchasing an additional 43,207 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Peloton Interactive by 25.9% during the fourth quarter. Victory Capital Management Inc. now owns 42,214 shares of the company’s stock worth $257,000 after acquiring an additional 8,686 shares during the period. M&T Bank Corp boosted its holdings in Peloton Interactive by 46.0% in the 4th quarter. M&T Bank Corp now owns 26,289 shares of the company’s stock valued at $160,000 after purchasing an additional 8,287 shares during the period. Private Advisor Group LLC grew its stake in Peloton Interactive by 11.5% during the fourth quarter. Private Advisor Group LLC now owns 37,373 shares of the company’s stock worth $228,000 after buying an additional 3,855 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Peloton Interactive by 13.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,528,222 shares of the company’s stock worth $15,397,000 after buying an additional 295,436 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors and hedge funds.

About Peloton Interactive

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.