Peloton Interactive (NASDAQ:PTON) Sets New 12-Month Low at $2.94

Peloton Interactive, Inc. (NASDAQ:PTON) hit a new 52-week low during trading on Monday . The stock traded as low as $2.94 and last traded at $2.95, with a volume of 3736156 shares trading hands. The stock had previously closed at $3.03.

Wall Street Analyst Weigh In

Several brokerages recently commented on PTON. The Goldman Sachs Group reduced their price target on Peloton Interactive from $6.50 to $5.75 and set a “neutral” rating for the company in a research report on Friday, February 2nd. Morgan Stanley began coverage on Peloton Interactive in a research report on Monday, March 11th. They set an “equal weight” rating and a $3.00 price target for the company. JPMorgan Chase & Co. reduced their price target on Peloton Interactive from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Friday, February 2nd. Truist Financial reduced their price target on Peloton Interactive from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Friday, February 2nd. Finally, Telsey Advisory Group reduced their price target on Peloton Interactive from $6.00 to $5.00 and set a “market perform” rating for the company in a research report on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Peloton Interactive presently has an average rating of “Hold” and an average price target of $7.50.

Peloton Interactive Stock Up 2.6 %

The company has a market cap of $1.15 billion, a P/E ratio of -1.28 and a beta of 1.96. The stock has a 50 day moving average price of $4.13 and a two-hundred day moving average price of $4.98.

Peloton Interactive (NASDAQ:PTON) last announced its earnings results on Thursday, February 1st. The company reported ($0.54) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.01. The firm had revenue of $743.60 million for the quarter, compared to the consensus estimate of $733.17 million. Peloton Interactive’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.98) EPS. Equities 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 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 owns 34,966 shares in the company, valued at approximately $151,402.78. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Peloton Interactive 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 owns 34,966 shares in the company, valued at approximately $151,402.78. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Elizabeth F. Coddington sold 8,977 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $4.34, for a total value of $38,960.18. Following the transaction, the chief financial officer now owns 104,428 shares in the company, valued at approximately $453,217.52. The disclosure for this sale can be found here. Corporate insiders own 3.28% of the company’s stock.

Institutional Investors Weigh In On Peloton Interactive

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Peloton Interactive by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 30,339,435 shares of the company’s stock valued at $184,767,000 after purchasing an additional 735,658 shares in the last quarter. Capital World Investors boosted its holdings in shares of Peloton Interactive by 17.6% in the 4th quarter. Capital World Investors now owns 26,259,325 shares of the company’s stock valued at $159,919,000 after purchasing an additional 3,925,000 shares in the last quarter. DNB Asset Management AS boosted its holdings in shares of Peloton Interactive by 31.7% in the 4th quarter. DNB Asset Management AS now owns 8,386,903 shares of the company’s stock valued at $51,076,000 after purchasing an additional 2,020,159 shares in the last quarter. Patient Capital Management LLC boosted its holdings in shares of Peloton Interactive by 32.7% in the 4th quarter. Patient Capital Management LLC now owns 6,196,285 shares of the company’s stock valued at $37,735,000 after purchasing an additional 1,527,471 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Peloton Interactive in the 4th quarter valued at $20,824,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

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.