Peloton Interactive (NASDAQ:PTON) Sets New 1-Year Low – Should You Sell?

Peloton Interactive, Inc. (NASDAQ:PTON)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $3.71 and last traded at $3.77, with a volume of 1486824 shares traded. The stock had previously closed at $3.83.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of Peloton Interactive from $6.00 to $6.50 and gave the company an “equal weight” rating in a research note on Wednesday, November 19th. JPMorgan Chase & Co. cut their price target on shares of Peloton Interactive from $9.00 to $6.00 and set a “neutral” rating for the company in a research note on Friday, February 6th. Bank of America set a $9.00 price objective on Peloton Interactive in a report on Friday, January 30th. Wall Street Zen lowered Peloton Interactive from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Zacks Research cut Peloton Interactive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.42.

Peloton Interactive Stock Up 0.3%

The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of -29.54, a price-to-earnings-growth ratio of 0.76 and a beta of 2.47. The stock’s 50-day simple moving average is $5.30 and its 200 day simple moving average is $6.63.

Peloton Interactive (NASDAQ:PTON) last posted its quarterly earnings data 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). The firm had revenue of $656.50 million for the quarter, compared to the consensus estimate of $675.04 million. During the same period last year, the firm posted ($0.24) earnings per share. The company’s quarterly revenue was down 2.5% on a year-over-year basis. As a group, equities research analysts anticipate that Peloton Interactive, Inc. will post -0.36 earnings per share for the current year.

Insider Buying and Selling at Peloton Interactive

In related news, CFO Elizabeth F. Coddington sold 238,013 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $4.18, for a total transaction of $994,894.34. Following the completion of the sale, the chief financial officer directly owned 346,535 shares of the company’s stock, valued at $1,448,516.30. This trade represents a 40.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jennifer Cunningham Cotter sold 154,497 shares of Peloton Interactive stock in a transaction on Friday, February 20th. The shares were sold at an average price of $4.41, for a total value of $681,331.77. Following the completion of the transaction, the insider owned 100,269 shares of the company’s stock, valued at approximately $442,186.29. The trade was a 60.64% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,074,910 shares of company stock worth $5,113,049 over the last 90 days. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vident Advisory LLC raised its holdings in shares of Peloton Interactive by 1.1% in the second quarter. Vident Advisory LLC now owns 110,258 shares of the company’s stock valued at $765,000 after buying an additional 1,180 shares during the last quarter. Cresset Asset Management LLC increased its position in Peloton Interactive by 11.9% in the 3rd quarter. Cresset Asset Management LLC now owns 12,748 shares of the company’s stock valued at $115,000 after acquiring an additional 1,354 shares in the last quarter. Kirr Marbach & Co. LLC IN increased its position in Peloton Interactive by 0.3% in the 3rd quarter. Kirr Marbach & Co. LLC IN now owns 471,946 shares of the company’s stock valued at $4,248,000 after acquiring an additional 1,464 shares in the last quarter. Vise Technologies Inc. raised its stake in shares of Peloton Interactive by 10.3% in the third quarter. Vise Technologies Inc. now owns 15,680 shares of the company’s stock worth $141,000 after acquiring an additional 1,466 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Peloton Interactive by 6.0% in the third quarter. Principal Financial Group Inc. now owns 27,126 shares of the company’s stock worth $244,000 after acquiring an additional 1,526 shares during the last quarter. 77.01% of the stock is 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.