Peloton Interactive (NASDAQ:PTON - Free Report) had its target price lowered by Bank of America from $11.50 to $9.50 in a report released on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.
A number of other brokerages have also recently issued reports on PTON. Needham & Company LLC restated a "hold" rating on shares of Peloton Interactive in a research report on Thursday, February 6th. JPMorgan Chase & Co. reduced their target price on Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $6.60 price target for the company in a research report on Monday. Citigroup cut their price target on Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating for the company in a report on Monday, February 10th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Peloton Interactive in a research note on Monday. Fifteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $8.54.
Read Our Latest Report on Peloton Interactive
Peloton Interactive Trading Down 4.1 %
Shares of PTON traded down $0.23 during trading hours on Tuesday, reaching $5.39. The company had a trading volume of 14,905,086 shares, compared to its average volume of 16,093,721. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of -7.00 and a beta of 2.21. Peloton Interactive has a 12-month low of $2.70 and a 12-month high of $10.90. The firm has a 50 day simple moving average of $6.85 and a 200-day simple moving average of $7.65.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its quarterly earnings results 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 forecast that Peloton Interactive will post -0.36 earnings per share for the current year.
Insider Activity at Peloton Interactive
In related news, insider Nick V. Caldwell sold 68,727 shares of Peloton Interactive stock in a transaction on Monday, March 17th. The shares were sold at an average price of $6.59, for a total transaction of $452,910.93. Following the transaction, the insider now owns 474,234 shares in the company, valued at approximately $3,125,202.06. The trade was a 12.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jennifer Cunningham Cotter sold 187,238 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $6.45, for a total value of $1,207,685.10. Following the completion of the sale, the insider now owns 100,269 shares of the company's stock, valued at approximately $646,735.05. This represents a 65.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 674,338 shares of company stock worth $5,522,838. Company insiders own 1.34% of the company's stock.
Institutional Investors Weigh In On Peloton Interactive
Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Peloton Interactive by 4.9% in the fourth quarter. Vanguard Group Inc. now owns 35,059,790 shares of the company's stock worth $305,020,000 after acquiring an additional 1,645,640 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Peloton Interactive by 38.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 16,820,256 shares of the company's stock valued at $146,337,000 after acquiring an additional 4,635,667 shares during the last quarter. DME Capital Management LP grew its holdings in Peloton Interactive by 10.4% during the 4th quarter. DME Capital Management LP now owns 10,522,687 shares of the company's stock worth $91,547,000 after acquiring an additional 992,797 shares in the last quarter. Hennessy Advisors Inc. bought a new position in shares of Peloton Interactive during the fourth quarter worth about $85,260,000. Finally, Geode Capital Management LLC grew its stake in Peloton Interactive by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 8,270,328 shares of the company's stock worth $71,969,000 after purchasing an additional 170,901 shares in the last quarter. 77.01% of the stock is owned by institutional investors and hedge funds.
Peloton Interactive Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider Peloton Interactive, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Peloton Interactive wasn't on the list.
While Peloton Interactive currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
