Peloton Interactive (NASDAQ:PTON) Reaches New 52-Week Low at $2.94

Peloton Interactive, Inc. (NASDAQ:PTON)’s share price reached a new 52-week low during trading on Monday . The company 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.

Analyst Upgrades and Downgrades

PTON has been the subject of a number of research analyst reports. Telsey Advisory Group decreased their price target 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. Morgan Stanley started coverage on Peloton Interactive in a research note on Monday, March 11th. They issued an “equal weight” rating and a $3.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective 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. The Goldman Sachs Group reduced their price objective 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. Finally, 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. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $7.50.

Peloton Interactive Stock Down 3.0 %

The stock has a market cap of $1.08 billion, a PE ratio of -1.24 and a beta of 1.96. The stock has a 50-day moving average of $4.19 and a 200 day moving average of $5.01.

Peloton Interactive (NASDAQ:PTON) last posted its earnings results on Thursday, February 1st. The company reported ($0.54) EPS for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.01. The business had revenue of $743.60 million during the quarter, compared to analysts’ expectations of $733.17 million. During the same quarter in the prior year, the firm earned ($0.98) EPS. Peloton Interactive’s revenue for the quarter was down 6.2% compared to the same quarter last year. Research analysts forecast that Peloton Interactive, Inc. will post -1.6 EPS for the current fiscal year.

Insider Buying and Selling at Peloton Interactive

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

Institutional Investors Weigh In On Peloton Interactive

Several institutional investors and hedge funds have recently modified their holdings of PTON. Vontobel Holding Ltd. grew its stake in Peloton Interactive by 105.4% during the 3rd quarter. Vontobel Holding Ltd. now owns 35,952 shares of the company’s stock worth $182,000 after purchasing an additional 18,450 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new position in Peloton Interactive during the 3rd quarter worth $141,000. Kessler Investment Group LLC grew its stake in Peloton Interactive by 52.6% during the 3rd quarter. Kessler Investment Group LLC now owns 27,807 shares of the company’s stock worth $140,000 after purchasing an additional 9,585 shares in the last quarter. Aaron Wealth Advisors LLC acquired a new position in Peloton Interactive during the 3rd quarter worth $57,000. Finally, Commonwealth Equity Services LLC grew its stake in Peloton Interactive by 162.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 129,454 shares of the company’s stock worth $654,000 after purchasing an additional 80,047 shares in the last quarter. Hedge funds and other institutional investors 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.