Peloton Interactive (NASDAQ:PTON) Shares Down 8.2% – Should You Sell?

Peloton Interactive, Inc. (NASDAQ:PTON)’s share price fell 8.2% during trading on Friday . The stock traded as low as $6.24 and last traded at $6.22. 8,837,424 shares traded hands during trading, a decline of 45% from the average session volume of 16,003,890 shares. The stock had previously closed at $6.77.

Analysts Set New Price Targets

PTON has been the topic of several recent analyst reports. Argus raised shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Tuesday, February 11th. UBS Group upgraded shares of Peloton Interactive from a “sell” rating to a “neutral” rating and upped their target price for the company from $2.50 to $10.00 in a research note on Friday, December 6th. The Goldman Sachs Group boosted their price objective on Peloton Interactive from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $11.00 target price on shares of Peloton Interactive in a report on Monday, February 3rd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a report on Thursday, February 6th. Fifteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Peloton Interactive currently has an average rating of “Hold” and a consensus price target of $8.69.

Peloton Interactive Stock Down 6.9 %

The company has a market cap of $2.46 billion, a P/E ratio of -8.18 and a beta of 1.95. The company has a 50 day moving average price of $7.73 and a 200-day moving average price of $7.58.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.04). On average, research analysts expect that Peloton Interactive, Inc. will post -0.36 earnings per share for the current fiscal year.

Insider Transactions at Peloton Interactive

In other news, insider Jennifer Cunningham Cotter sold 187,238 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $6.45, for a total transaction of $1,207,685.10. Following the completion of the sale, the insider now owns 100,269 shares in the company, valued at approximately $646,735.05. This represents a 65.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nick V. Caldwell sold 68,727 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $6.59, for a total value of $452,910.93. Following the sale, the insider now directly owns 474,234 shares in the company, valued at $3,125,202.06. This trade represents a 12.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 691,597 shares of company stock valued at $5,671,783. Corporate insiders own 1.34% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC purchased a new position in Peloton Interactive during the 4th quarter valued at about $108,000. Carolinas Wealth Consulting LLC purchased a new stake in Peloton Interactive in the 4th quarter worth approximately $87,000. Garde Capital Inc. boosted its stake in shares of Peloton Interactive by 96.0% during the 4th quarter. Garde Capital Inc. now owns 459,427 shares of the company’s stock valued at $3,997,000 after buying an additional 225,000 shares during the period. Mackenzie Financial Corp boosted its stake in shares of Peloton Interactive by 497.8% during the 4th quarter. Mackenzie Financial Corp now owns 128,810 shares of the company’s stock valued at $1,121,000 after buying an additional 107,264 shares during the period. Finally, Castleark Management LLC acquired a new position in shares of Peloton Interactive in the fourth quarter worth $3,507,000. 77.01% of the stock is owned by institutional investors and hedge funds.

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.