Peloton Interactive (NASDAQ:PTON) Sets New 52-Week Low – Should You Sell?

Peloton Interactive, Inc. (NASDAQ:PTON) shares hit a new 52-week low during trading on Monday . The stock traded as low as $4.07 and last traded at $4.1250, with a volume of 6080440 shares traded. The stock had previously closed at $4.41.

Analyst Ratings Changes

Several brokerages have commented on PTON. Weiss Ratings reissued a “sell (d-)” rating on shares of Peloton Interactive in a research report on Friday, January 9th. Truist Financial lowered their target price on Peloton Interactive from $12.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. UBS Group reiterated a “buy” rating on shares of Peloton Interactive in a report on Tuesday, February 3rd. Bank of America set a $9.00 price target on Peloton Interactive in a research report on Friday, January 30th. Finally, Macquarie Infrastructure boosted their price target on Peloton Interactive from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Peloton Interactive presently has an average rating of “Hold” and an average target price of $8.42.

Peloton Interactive Stock Performance

The firm has a fifty day simple moving average of $5.74 and a 200-day simple moving average of $6.92. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of -31.77, a P/E/G ratio of 0.87 and a beta of 2.41.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data on Thursday, February 5th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The business had revenue of $656.50 million for the quarter, compared to analysts’ expectations of $675.04 million. Peloton Interactive’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.24) EPS. 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 Peloton Interactive news, insider Nick V. Caldwell sold 75,762 shares of the firm’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $7.00, for a total transaction of $530,334.00. Following the completion of the sale, the insider directly owned 764,220 shares in the company, valued at $5,349,540. This trade represents a 9.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Saqib Baig sold 30,918 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $4.14, for a total value of $128,000.52. Following the sale, the chief accounting officer owned 219,781 shares of the company’s stock, valued at approximately $909,893.34. This represents a 12.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 778,569 shares of company stock worth $3,816,085. 1.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PTON. D.A. Davidson & CO. bought a new position in shares of Peloton Interactive in the 2nd quarter valued at $338,000. Voya Investment Management LLC grew its position in Peloton Interactive by 325.5% in the third quarter. Voya Investment Management LLC now owns 429,929 shares of the company’s stock valued at $3,869,000 after acquiring an additional 328,894 shares during the last quarter. Lisanti Capital Growth LLC acquired a new position in Peloton Interactive during the third quarter worth about $2,429,000. Jupiter Asset Management Ltd. raised its stake in Peloton Interactive by 322.9% during the third quarter. Jupiter Asset Management Ltd. now owns 1,563,249 shares of the company’s stock worth $14,069,000 after acquiring an additional 1,193,597 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Peloton Interactive by 5.7% in the second quarter. Geode Capital Management LLC now owns 9,141,542 shares of the company’s stock worth $63,450,000 after acquiring an additional 490,353 shares during the last quarter. 77.01% of the stock is owned by institutional investors and hedge funds.

Peloton Interactive Company Profile

Peloton Interactive, Inc operates a digital fitness platform that combines connected exercise equipment with live and on-demand workout classes. The company’s core products include stationary bikes (Peloton Bike and Bike+), treadmills (Peloton Tread and Tread+), and the Peloton Row. Each device integrates a touchscreen display that streams instructor-led cycling, running, strength, yoga, meditation and other fitness classes. Peloton generates recurring revenue through subscription plans, which grant users access to its growing library of workouts, performance tracking tools and community features.

Founded in 2012 by John Foley and headquartered in New York City, Peloton set out to deliver an immersive home-fitness experience by blending hardware, software and content.