Peloton Interactive (NASDAQ:PTON) Trading Down 2.8%

Peloton Interactive, Inc. (NASDAQ:PTON) dropped 2.8% during mid-day trading on Monday . The company traded as low as $3.48 and last traded at $3.49. Approximately 613,946 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 15,306,987 shares. The stock had previously closed at $3.59.

Wall Street Analyst Weigh In

PTON has been the subject of a number of research reports. Oppenheimer reiterated an “outperform” rating on shares of Peloton Interactive in a report on Tuesday, May 7th. BMO Capital Markets lowered their price target on Peloton Interactive from $7.50 to $6.50 and set a “market perform” rating for the company in a report on Friday, May 3rd. Wolfe Research initiated coverage on Peloton Interactive in a report on Tuesday, July 16th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. lowered their target price on Peloton Interactive from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. Finally, Citigroup lowered Peloton Interactive from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $8.00 to $4.00 in a report on Monday, May 6th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $5.09.

Peloton Interactive Trading Down 1.4 %

The firm’s 50-day moving average is $3.61 and its two-hundred day moving average is $4.16. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of -1.65 and a beta of 2.02.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.06). The company had revenue of $717.70 million for the quarter, compared to analysts’ expectations of $720.85 million. During the same period in the previous year, the business posted ($0.79) EPS. The firm’s revenue was down 4.2% on a year-over-year basis. On average, analysts predict that Peloton Interactive, Inc. will post -1.62 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Karen Boone sold 14,841 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $3.31, for a total transaction of $49,123.71. Following the completion of the transaction, the chief executive officer now owns 116,171 shares in the company, valued at approximately $384,526.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Peloton Interactive news, CEO Karen Boone sold 14,841 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $3.31, for a total value of $49,123.71. Following the completion of the sale, the chief executive officer now owns 116,171 shares in the company, valued at approximately $384,526.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Elizabeth F. Coddington sold 8,923 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $3.68, for a total transaction of $32,836.64. Following the completion of the sale, 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 sold a total of 66,441 shares of company stock worth $244,496 in the last 90 days. Insiders own 3.28% of the company’s stock.

Institutional Trading of Peloton Interactive

A number of hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC grew its stake in shares of Peloton Interactive by 1,836.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company’s stock valued at $32,000 after buying an additional 9,000 shares during the period. Johnson & White Wealth Management LLC purchased a new stake in shares of Peloton Interactive in the 1st quarter valued at approximately $43,000. Sheaff Brock Investment Advisors LLC purchased a new stake in shares of Peloton Interactive in the 1st quarter valued at approximately $44,000. Abundance Wealth Counselors boosted its position in shares of Peloton Interactive by 24.7% during the 2nd quarter. Abundance Wealth Counselors now owns 13,380 shares of the company’s stock worth $45,000 after purchasing an additional 2,654 shares during the period. Finally, Rakuten Securities Inc. purchased a new position in shares of Peloton Interactive during the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

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.