Peloton Interactive (NASDAQ:PTON) Stock Price Down 5.8% – Should You Sell?

Peloton Interactive, Inc. (NASDAQ:PTON) shares were down 5.8% during mid-day trading on Monday . The stock traded as low as $5.49 and last traded at $5.50. Approximately 5,065,062 shares were traded during trading, a decline of 67% from the average daily volume of 15,420,703 shares. The stock had previously closed at $5.84.

Analyst Ratings Changes

Several analysts have weighed in on PTON shares. Canaccord Genuity Group boosted their price objective on Peloton Interactive from $4.00 to $5.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. Roth Mkm increased their price objective on shares of Peloton Interactive from $5.00 to $6.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Needham & Company LLC restated a “hold” rating on shares of Peloton Interactive in a report on Thursday, August 22nd. TD Cowen lifted their target price on shares of Peloton Interactive from $3.00 to $4.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. Finally, Sanford C. Bernstein increased their price target on Peloton Interactive from $3.80 to $4.25 and gave the company a “market perform” rating in a research note on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Peloton Interactive currently has an average rating of “Hold” and an average price target of $4.52.

Peloton Interactive Price Performance

The company’s 50-day moving average price is $4.49 and its 200-day moving average price is $3.86. The company has a market cap of $2.03 billion, a P/E ratio of -2.57 and a beta of 2.04.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, August 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.10. The firm had revenue of $644.00 million for the quarter, compared to the consensus estimate of $633.00 million. During the same quarter last year, the company posted ($0.68) EPS. Peloton Interactive’s revenue for the quarter was up .3% on a year-over-year basis. On average, equities research analysts predict that Peloton Interactive, Inc. will post -0.65 EPS for the current year.

Insider Activity at Peloton Interactive

In other Peloton Interactive news, CEO Chris Bruzzo sold 15,113 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $3.42, for a total transaction of $51,686.46. Following the completion of the transaction, the chief executive officer now owns 97,433 shares of the company’s stock, valued at $333,220.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Elizabeth F. Coddington sold 36,819 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $4.74, for a total transaction of $174,522.06. Following the sale, the chief financial officer now owns 171,466 shares in the company, valued at approximately $812,748.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Chris Bruzzo sold 15,113 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $3.42, for a total value of $51,686.46. Following the transaction, the chief executive officer now directly owns 97,433 shares of the company’s stock, valued at $333,220.86. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 158,016 shares of company stock valued at $722,587. 3.28% of the stock is owned by insiders.

Institutional Investors Weigh In On Peloton Interactive

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV acquired a new position in Peloton Interactive during the second quarter worth $27,000. Skylands Capital LLC acquired a new position in Peloton Interactive during the second quarter worth approximately $30,000. Nisa Investment Advisors LLC raised its stake in Peloton Interactive by 1,836.7% in the second 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. Schneider Downs Wealth Management Advisors LP acquired a new stake in shares of Peloton Interactive in the second quarter valued at approximately $35,000. Finally, CIBC Asset Management Inc bought a new position in shares of Peloton Interactive during the 2nd quarter worth approximately $35,000. Institutional investors 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.