Peloton Interactive (NASDAQ:PTON) Given Hold Rating at Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of Peloton Interactive (NASDAQ:PTON - Free Report) in a research report report published on Friday, Benzinga reports.

A number of other analysts have also recently issued reports on the company. Robert W. Baird upped their target price on Peloton Interactive from $4.75 to $8.00 and gave the company a "neutral" rating in a research report on Friday. Sanford C. Bernstein increased their price objective on Peloton Interactive from $3.80 to $4.25 and gave the company a "market perform" rating in a report on Friday, August 23rd. Macquarie restated a "neutral" rating and set a $2.53 target price on shares of Peloton Interactive in a research report on Thursday, August 22nd. Canaccord Genuity Group upped their price target on shares of Peloton Interactive from $4.00 to $5.00 and gave the company a "hold" rating in a research report on Friday, August 23rd. Finally, Telsey Advisory Group raised their price objective on shares of Peloton Interactive from $5.00 to $9.00 and gave the stock a "market perform" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Peloton Interactive currently has a consensus rating of "Hold" and a consensus target price of $5.98.

Peloton Interactive Stock Performance

PTON stock traded down $1.25 during midday trading on Friday, reaching $7.25. 43,765,806 shares of the company were exchanged, compared to its average volume of 16,229,469. The company has a market cap of $2.73 billion, a price-to-earnings ratio of -4.80 and a beta of 2.04. Peloton Interactive has a 1-year low of $2.70 and a 1-year high of $8.92. The stock's 50-day simple moving average is $5.11 and its 200 day simple moving average is $4.06.

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

Insider Activity at Peloton Interactive

In other Peloton Interactive news, CAO Saqib Baig sold 50,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $4.88, for a total value of $244,000.00. Following the completion of the transaction, the chief accounting officer now owns 87,014 shares in the company, valued at approximately $424,628.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Peloton Interactive news, CAO Saqib Baig sold 50,000 shares of the company's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $4.88, for a total transaction of $244,000.00. Following the transaction, the chief accounting officer now directly owns 87,014 shares in the company, valued at approximately $424,628.32. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Elizabeth F. Coddington sold 56,084 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $4.50, for a total transaction of $252,378.00. Following the completion of the transaction, the chief financial officer now directly owns 186,466 shares of the company's stock, valued at approximately $839,097. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 167,880 shares of company stock worth $815,767 over the last three months. 1.34% of the stock is currently owned by corporate insiders.

Institutional Trading of Peloton Interactive

A number of institutional investors have recently bought and sold shares of PTON. DME Capital Management LP acquired a new position in shares of Peloton Interactive during the 2nd quarter worth $22,947,000. DNB Asset Management AS lifted its holdings in shares of Peloton Interactive by 42.4% in the second quarter. DNB Asset Management AS now owns 12,130,553 shares of the company's stock valued at $40,880,000 after purchasing an additional 3,611,069 shares in the last quarter. Clearline Capital LP acquired a new stake in shares of Peloton Interactive in the second quarter valued at approximately $7,527,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Peloton Interactive during the 1st quarter worth approximately $5,877,000. Finally, Vanguard Group Inc. raised its position in shares of Peloton Interactive by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 31,554,832 shares of the company's stock worth $135,212,000 after purchasing an additional 1,215,397 shares during the last quarter. 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.