Peloton Interactive, Inc. (NASDAQ:PTON – Get Free Report) shares reached a new 52-week low during trading on Friday after an insider sold shares in the company. The company traded as low as $5.03 and last traded at $5.05, with a volume of 699864 shares trading hands. The stock had previously closed at $5.15.
Specifically, CFO Elizabeth F. Coddington sold 10,215 shares of Peloton Interactive stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $5.12, for a total transaction of $52,300.80. Following the completion of the sale, the chief financial officer now owns 32,441 shares of the company’s stock, valued at $166,097.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Elizabeth F. Coddington sold 10,215 shares of Peloton Interactive stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $5.12, for a total value of $52,300.80. Following the transaction, the chief financial officer now directly owns 32,441 shares of the company’s stock, valued at $166,097.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Elizabeth F. Coddington sold 10,418 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $8.92, for a total value of $92,928.56. Following the completion of the sale, the chief financial officer now directly owns 31,255 shares in the company, valued at $278,794.60. The disclosure for this sale can be found here. Insiders have sold 34,768 shares of company stock worth $243,892 in the last three months. 2.54% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on PTON shares. Canaccord Genuity Group lowered their price objective on Peloton Interactive from $18.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, August 24th. Robert W. Baird decreased their target price on shares of Peloton Interactive from $9.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, August 24th. Macquarie downgraded Peloton Interactive from an “outperform” rating to a “neutral” rating and set a $7.00 price target for the company. in a research note on Wednesday, August 30th. Needham & Company LLC downgraded shares of Peloton Interactive from a “buy” rating to a “hold” rating and set a $10.00 price objective for the company. in a research report on Wednesday, August 23rd. Finally, JPMorgan Chase & Co. decreased their target price on Peloton Interactive from $14.00 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, August 24th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $10.90.
Peloton Interactive Trading Down 2.1 %
The company’s fifty day simple moving average is $7.52 and its 200-day simple moving average is $8.58. The firm has a market capitalization of $1.80 billion, a PE ratio of -1.38 and a beta of 1.99. The company has a debt-to-equity ratio of 54.95, a current ratio of 2.15 and a quick ratio of 1.47.
Peloton Interactive (NASDAQ:PTON – Get Free Report) last released its earnings results on Wednesday, August 23rd. The company reported ($0.68) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.28). The business had revenue of $642.10 million for the quarter, compared to analysts’ expectations of $641.02 million. Peloton Interactive had a negative return on equity of 686.29% and a negative net margin of 45.05%. Peloton Interactive’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.32) EPS. As a group, sell-side analysts expect that Peloton Interactive, Inc. will post -1.38 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in PTON. Covestor Ltd boosted its position in Peloton Interactive by 1,054.2% in the 1st quarter. Covestor Ltd now owns 1,385 shares of the company’s stock valued at $37,000 after buying an additional 1,265 shares during the period. Cerity Partners LLC acquired a new stake in shares of Peloton Interactive during the first quarter worth about $4,813,000. Banque Cantonale Vaudoise grew its position in shares of Peloton Interactive by 176.2% during the second quarter. Banque Cantonale Vaudoise now owns 4,184 shares of the company’s stock worth $32,000 after acquiring an additional 2,669 shares during the last quarter. Belpointe Asset Management LLC purchased a new position in shares of Peloton Interactive during the fourth quarter worth approximately $38,000. Finally, ICA Group Wealth Management LLC acquired a new stake in shares of Peloton Interactive during the fourth quarter worth about $39,000. 79.96% of the stock is currently owned by institutional investors and hedge funds.
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.
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