Peloton Interactive (NASDAQ:PTON) Given New $8.50 Price Target at BMO Capital Markets

Peloton Interactive (NASDAQ:PTON - Free Report) had its price objective boosted by BMO Capital Markets from $6.50 to $8.50 in a research note issued to investors on Monday, Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.

A number of other brokerages also recently issued reports on PTON. Morgan Stanley boosted their price target on shares of Peloton Interactive from $3.50 to $5.00 and gave the stock an "equal weight" rating in a research report on Friday. JPMorgan Chase & Co. boosted their target price on shares of Peloton Interactive from $5.00 to $7.00 and gave the company a "neutral" rating in a research report on Friday. Telsey Advisory Group boosted their target price on shares of Peloton Interactive from $5.00 to $9.00 and gave the company a "market perform" rating in a research report on Friday. Truist Financial boosted their target price on shares of Peloton Interactive from $6.00 to $10.00 and gave the company a "hold" rating in a research report on Friday. Finally, JMP Securities reiterated a "market perform" rating on shares of Peloton Interactive in a research report on Thursday, October 3rd. Sixteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $6.57.

Peloton Interactive Stock Performance

Shares of NASDAQ PTON traded up $0.26 during midday trading on Monday, reaching $7.51. The stock had a trading volume of 36,996,297 shares, compared to its average volume of 16,327,741. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of -7.09 and a beta of 1.92. Peloton Interactive has a twelve month low of $2.70 and a twelve month high of $8.92. The company's 50 day moving average price is $5.11 and its 200 day moving average price is $4.07.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.01). The firm had revenue of $586.00 million for the quarter, compared to analysts' expectations of $572.97 million. The business's revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.44) EPS. Equities analysts forecast that Peloton Interactive will post -0.65 earnings per share for the current fiscal year.

Insider Transactions at Peloton Interactive

In other news, CEO Karen Boone sold 13,484 shares of the company's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $8.27, for a total value of $111,512.68. Following the completion of the sale, the chief executive officer now owns 211,459 shares in the company, valued at $1,748,765.93. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Karen Boone sold 13,484 shares of the business's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $8.27, for a total value of $111,512.68. Following the transaction, the chief executive officer now directly owns 211,459 shares of the company's stock, valued at approximately $1,748,765.93. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Chris Bruzzo sold 24,977 shares of the business's stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $5.80, for a total transaction of $144,866.60. Following the completion of the transaction, the chief executive officer now directly owns 149,240 shares in the company, valued at $865,592. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 194,888 shares of company stock worth $1,038,717 in the last quarter. 1.34% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Peloton Interactive

A number of hedge funds and other institutional investors have recently made changes to their positions in PTON. First Trust Direct Indexing L.P. purchased a new position in shares of Peloton Interactive in the 1st quarter worth about $94,000. Manchester Capital Management LLC lifted its holdings in Peloton Interactive by 105.4% during the first quarter. Manchester Capital Management LLC now owns 235,000 shares of the company's stock valued at $1,007,000 after purchasing an additional 120,600 shares during the last quarter. Swiss National Bank lifted its holdings in Peloton Interactive by 1.2% during the first quarter. Swiss National Bank now owns 642,200 shares of the company's stock valued at $2,752,000 after purchasing an additional 7,600 shares during the last quarter. Sfmg LLC purchased a new stake in Peloton Interactive during the first quarter valued at about $103,000. Finally, Russell Investments Group Ltd. lifted its holdings in Peloton Interactive by 25,397.7% during the first quarter. Russell Investments Group Ltd. now owns 393,685 shares of the company's stock valued at $1,687,000 after purchasing an additional 392,141 shares during the last quarter. 77.01% of the stock is owned by hedge funds and other institutional investors.

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.