Peloton Interactive (NASDAQ:PTON) Stock Price Down 13.9% – Should You Sell?

Peloton Interactive, Inc. (NASDAQ:PTON)’s stock price was down 13.9% during trading on Thursday . The company traded as low as $5.67 and last traded at $5.43. Approximately 1,748,390 shares traded hands during trading, a decline of 89% from the average daily volume of 15,961,614 shares. The stock had previously closed at $6.31.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PTON. Argus upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Tuesday, February 11th. UBS Group upgraded Peloton Interactive from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $2.50 to $10.00 in a research note on Friday, December 6th. The Goldman Sachs Group increased their price objective on Peloton Interactive from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Macquarie reissued a “neutral” rating and issued a $9.00 target price on shares of Peloton Interactive in a research report on Monday, February 10th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $11.00 price target on shares of Peloton Interactive in a report on Monday, February 3rd. Fifteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $8.69.

Peloton Interactive Trading Down 6.9 %

The company has a market cap of $1.96 billion, a P/E ratio of -6.53 and a beta of 2.21. The business’s 50 day simple moving average is $7.47 and its 200 day simple moving average is $7.60.

Peloton Interactive (NASDAQ:PTON) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Sell-side analysts anticipate that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Insider Transactions at Peloton Interactive

In other Peloton Interactive news, insider Andrew S. Rendich sold 121,883 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $9.54, for a total value of $1,162,763.82. Following the completion of the transaction, the insider now directly owns 404,188 shares in the company, valued at $3,855,953.52. This represents a 23.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jennifer Cunningham Cotter sold 187,238 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $6.45, for a total transaction of $1,207,685.10. Following the sale, the insider now directly owns 100,269 shares of the company’s stock, valued at approximately $646,735.05. This trade represents a 65.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 674,338 shares of company stock valued at $5,522,838 over the last 90 days. Company insiders own 1.34% of the company’s stock.

Institutional Trading of Peloton Interactive

Hedge funds have recently bought and sold shares of the stock. Two Sigma Advisers LP increased its position in Peloton Interactive by 2.9% in the third quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company’s stock worth $34,823,000 after purchasing an additional 206,500 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Peloton Interactive during the 4th quarter valued at about $360,000. Rhumbline Advisers raised its position in shares of Peloton Interactive by 7.8% during the 4th quarter. Rhumbline Advisers now owns 479,134 shares of the company’s stock valued at $4,168,000 after buying an additional 34,514 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of Peloton Interactive in the 3rd quarter valued at about $505,000. Finally, Charles Schwab Investment Management Inc. grew its position in Peloton Interactive by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,136,182 shares of the company’s stock worth $35,985,000 after acquiring an additional 139,826 shares in the last quarter. Hedge funds and other institutional investors 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.