Peloton Interactive (NASDAQ:PTON) Trading Down 4.6% – Should You Sell?

Peloton Interactive, Inc. (NASDAQ:PTON) shares traded down 4.6% during trading on Monday . The company traded as low as $7.39 and last traded at $7.39. 1,465,961 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 16,395,469 shares. The stock had previously closed at $7.75.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PTON shares. JPMorgan Chase & Co. raised their price objective on shares of Peloton Interactive from $5.00 to $7.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Roth Mkm upped their price objective on Peloton Interactive from $5.00 to $6.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Telsey Advisory Group boosted their target price on shares of Peloton Interactive from $5.00 to $9.00 and gave the company a “market perform” rating in a research report on Friday, November 1st. Macquarie raised their price target on shares of Peloton Interactive from $4.90 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Sanford C. Bernstein boosted their price objective on shares of Peloton Interactive from $4.25 to $6.50 and gave the company a “market perform” rating in a report on Friday, November 1st. Fifteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $6.75.

Peloton Interactive Trading Down 1.8 %

The stock’s 50-day moving average price is $5.80 and its 200-day moving average price is $4.42. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of -7.24 and a beta of 1.93.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The business had revenue of $586.00 million for the quarter, compared to analyst estimates of $572.97 million. During the same quarter in the prior year, the business earned ($0.44) earnings per share. The company’s revenue was down 1.6% on a year-over-year basis. As a group, analysts predict that Peloton Interactive, Inc. will post -0.38 earnings per share for the current year.

Insider Transactions at Peloton Interactive

In other news, insider Nick V. Caldwell acquired 31,337 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was purchased at an average price of $4.25 per share, for a total transaction of $133,182.25. Following the completion of the acquisition, the insider now directly owns 31,337 shares in the company, valued at $133,182.25. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Karen Boone sold 13,484 shares of Peloton Interactive stock in a transaction on Friday, November 1st. The shares were sold at an average price of $8.27, for a total transaction of $111,512.68. Following the completion of the sale, the chief executive officer now directly owns 211,459 shares of the company’s stock, valued at approximately $1,748,765.93. The trade was a 5.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 194,888 shares of company stock valued at $1,038,717 in the last quarter. 1.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Peloton Interactive

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Peloton Interactive in the second quarter worth approximately $27,000. Skylands Capital LLC purchased a new stake in shares of Peloton Interactive in the second quarter valued at about $30,000. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Peloton Interactive by 31.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company’s stock valued at $31,000 after purchasing an additional 1,597 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Peloton Interactive by 1,836.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company’s stock worth $32,000 after purchasing an additional 9,000 shares in the last quarter. Finally, Schneider Downs Wealth Management Advisors LP purchased a new stake in Peloton Interactive in the 2nd quarter valued at about $35,000. 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.