Peloton Interactive (NASDAQ:PTON) Stock Price Down 5.8% – Time to Sell?

Peloton Interactive, Inc. (NASDAQ:PTON)’s share price traded down 5.8% during mid-day trading on Friday . The stock traded as low as $9.65 and last traded at $9.56. 4,332,709 shares changed hands during trading, a decline of 69% from the average session volume of 14,022,170 shares. The stock had previously closed at $10.15.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PTON shares. Robert W. Baird boosted their price target on Peloton Interactive from $4.75 to $8.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Telsey Advisory Group reissued a “market perform” rating and issued a $11.00 target price on shares of Peloton Interactive in a research report on Monday, February 3rd. Sanford C. Bernstein raised their price target on shares of Peloton Interactive from $4.25 to $6.50 and gave the company a “market perform” rating in a report on Friday, November 1st. Macquarie reiterated a “neutral” rating and issued a $9.00 price objective on shares of Peloton Interactive in a report on Monday, February 10th. Finally, JMP Securities restated a “market perform” rating on shares of Peloton Interactive in a report on Friday, February 7th. Sixteen analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $8.38.

Peloton Interactive Stock Performance

The company’s 50 day moving average is $8.88 and its 200 day moving average is $6.83.

Peloton Interactive (NASDAQ:PTON) last released its earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Equities analysts predict that Peloton Interactive, Inc. will post -0.39 earnings per share for the current year.

Insider Transactions at Peloton Interactive

In other news, CEO Karen Boone sold 16,925 shares of Peloton Interactive stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $9.64, for a total transaction of $163,157.00. Following the sale, the chief executive officer now directly owns 228,217 shares in the company, valued at approximately $2,200,011.88. The trade was a 6.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Saqib Baig sold 36,776 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $7.53, for a total transaction of $276,923.28. Following the completion of the transaction, the chief accounting officer now directly owns 137,357 shares of the company’s stock, valued at $1,034,298.21. This trade represents a 21.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 395,813 shares of company stock valued at $3,041,724. 1.34% of the stock is owned by corporate insiders.

Institutional Trading of Peloton Interactive

A number of large investors have recently bought and sold shares of PTON. Vanguard Group Inc. boosted its stake in shares of Peloton Interactive by 4.9% in the 4th quarter. Vanguard Group Inc. now owns 35,059,790 shares of the company’s stock valued at $305,020,000 after purchasing an additional 1,645,640 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Peloton Interactive by 38.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 16,820,256 shares of the company’s stock valued at $146,337,000 after buying an additional 4,635,667 shares in the last quarter. Gtcr LLC bought a new stake in Peloton Interactive during the third quarter worth about $65,520,000. Hennessy Advisors Inc. acquired a new stake in shares of Peloton Interactive during the fourth quarter worth approximately $85,260,000. Finally, Geode Capital Management LLC raised its stake in shares of Peloton Interactive by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 8,270,328 shares of the company’s stock valued at $71,969,000 after acquiring an additional 170,901 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors.

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.