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

Peloton Interactive, Inc. (NASDAQ:PTON) fell 8.2% during trading on Monday . The company traded as low as $4.16 and last traded at $4.0650. 13,371,309 shares were traded during mid-day trading, an increase of 0% from the average session volume of 13,339,756 shares. The stock had previously closed at $4.43.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised Peloton Interactive from a “hold” rating to a “buy” rating in a research note on Saturday. Argus cut Peloton Interactive from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. Telsey Advisory Group decreased their target price on shares of Peloton Interactive from $8.00 to $6.00 and set a “market perform” rating for the company in a research report on Friday, February 6th. Guggenheim started coverage on shares of Peloton Interactive in a report on Wednesday, December 10th. They set a “neutral” rating for the company. Finally, Bank of America set a $9.00 price target on shares of Peloton Interactive in a research report on Friday, January 30th. Seven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $8.42.

Peloton Interactive Stock Up 0.6%

The firm has a market capitalization of $1.84 billion, a P/E ratio of -33.22, a price-to-earnings-growth ratio of 0.65 and a beta of 2.47. The company’s 50 day moving average is $4.47 and its 200-day moving average is $6.18.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings results on Thursday, February 5th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.02). During the same quarter in the previous year, the company earned ($0.24) EPS. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Elizabeth F. Coddington sold 21,819 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $3.87, for a total transaction of $84,439.53. Following the transaction, the chief financial officer directly owned 346,535 shares of the company’s stock, valued at approximately $1,341,090.45. This represents a 5.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dion C. Sanders sold 146,844 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $4.41, for a total value of $647,582.04. The SEC filing for this sale provides additional information. Insiders sold a total of 1,052,924 shares of company stock worth $4,823,092 over the last three months. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Peloton Interactive

Large investors have recently modified their holdings of the company. Sankala Group LLC bought a new stake in Peloton Interactive during the 4th quarter valued at $31,000. Advisory Services Network LLC bought a new position in shares of Peloton Interactive in the third quarter valued at $48,000. Evolve Private Wealth LLC acquired a new position in shares of Peloton Interactive during the fourth quarter valued at about $62,000. NewEdge Advisors LLC grew its holdings in shares of Peloton Interactive by 575.2% during the fourth quarter. NewEdge Advisors LLC now owns 10,182 shares of the company’s stock valued at $63,000 after buying an additional 8,674 shares during the last quarter. Finally, Compound Planning Inc. bought a new stake in shares of Peloton Interactive during the fourth quarter worth about $67,000. 77.01% of the stock is currently owned by institutional investors.

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.