Peloton Interactive (NASDAQ:PTON) Trading 5.6% Higher

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report)'s share price was up 5.6% during trading on Friday . The stock traded as high as $4.64 and last traded at $4.51. Approximately 2,238,972 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 15,992,885 shares. The stock had previously closed at $4.27.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. lowered Peloton Interactive from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $7.00 to $5.00 in a report on Friday, August 23rd. Roth Mkm increased their price target on Peloton Interactive from $5.00 to $6.00 and gave the stock a "buy" rating in a research note on Friday, August 23rd. JMP Securities restated a "market perform" rating on shares of Peloton Interactive in a research note on Tuesday, July 2nd. Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a research report on Thursday, August 22nd. Finally, Morgan Stanley lifted their target price on shares of Peloton Interactive from $2.50 to $3.50 and gave the stock an "equal weight" rating in a research note on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $4.57.

Peloton Interactive Stock Up 10.8 %

The company has a market capitalization of $1.75 billion, a PE ratio of -2.24 and a beta of 2.04. The firm's 50-day moving average is $3.80 and its 200-day moving average is $3.79.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its quarterly earnings data on Thursday, August 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.18) by $0.10. The firm had revenue of $644.00 million during the quarter, compared to analysts' expectations of $633.00 million. Peloton Interactive's revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.68) earnings per share. As a group, equities research analysts predict that Peloton Interactive, Inc. will post -0.65 EPS for the current year.

Insider Activity

In other Peloton Interactive news, CEO Karen Boone sold 14,841 shares of the business's stock in a transaction on Monday, July 1st. The shares were sold at an average price of $3.31, for a total value of $49,123.71. Following the completion of the sale, the chief executive officer now directly owns 116,171 shares of the company's stock, valued at $384,526.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Karen Boone sold 14,841 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $3.31, for a total transaction of $49,123.71. Following the completion of the sale, the chief executive officer now owns 116,171 shares of the company's stock, valued at $384,526.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Saqib Baig sold 50,000 shares of Peloton Interactive stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $4.88, for a total transaction of $244,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 87,014 shares in the company, valued at $424,628.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 136,038 shares of company stock valued at $597,188. Corporate insiders own 3.28% of the company's stock.

Institutional Trading of Peloton Interactive

Institutional investors have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV purchased a new position in Peloton Interactive during the 2nd quarter valued at $27,000. Skylands Capital LLC purchased a new position in shares of Peloton Interactive during the second quarter valued at about $30,000. Nisa Investment Advisors LLC raised its stake in Peloton Interactive by 1,836.7% in the second quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company's stock worth $32,000 after buying an additional 9,000 shares in the last quarter. Johnson & White Wealth Management LLC bought a new position in Peloton Interactive in the first quarter worth about $43,000. Finally, Sheaff Brock Investment Advisors LLC bought a new stake in Peloton Interactive during the 1st quarter valued at approximately $44,000. 77.01% of the stock is currently 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.