Peloton Interactive (NASDAQ:PTON) Shares Down 8.6%

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

Analysts Set New Price Targets

Several analysts have recently weighed in on PTON shares. The Goldman Sachs Group boosted their price target on Peloton Interactive from $12.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, February 2nd. Citigroup upped their price objective on Peloton Interactive from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, February 2nd. Credit Suisse Group upped their price objective on Peloton Interactive from $10.00 to $12.00 and gave the company a “neutral” rating in a research note 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 research note on Thursday, February 2nd. Finally, BMO Capital Markets upped their price objective on Peloton Interactive from $8.00 to $9.50 and gave the company an “underperform” rating in a research note on Thursday, February 2nd. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $16.34.

Peloton Interactive Trading Down 5.3 %

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

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

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, insider Jennifer Cunningham Cotter sold 11,838 shares of the firm’s 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 transaction, the insider now directly owns 27,401 shares in the company, valued at approximately $417,591.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.54% of the company’s stock.

Hedge Funds Weigh In On Peloton Interactive

Large investors have recently bought and sold shares of the stock. Wahed Invest LLC purchased a new stake in shares of Peloton Interactive during the 2nd quarter valued at $29,000. Exchange Traded Concepts LLC increased its position in shares of Peloton Interactive by 943.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 4,509 shares of the company’s stock valued at $31,000 after purchasing an additional 4,077 shares during the last quarter. Covestor Ltd increased its position in shares of Peloton Interactive by 1,054.2% during the 1st quarter. Covestor Ltd now owns 1,385 shares of the company’s stock valued at $37,000 after purchasing an additional 1,265 shares during the last quarter. Belpointe Asset Management LLC purchased a new stake in shares of Peloton Interactive during the 4th quarter valued at $38,000. Finally, ICA Group Wealth Management LLC purchased a new stake in shares of Peloton Interactive during the 4th quarter valued at $39,000. 74.43% of the stock is currently owned by 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.