Peloton Interactive (NASDAQ:PTON - Get Free Report)'s stock had its "market perform" rating reissued by JMP Securities in a report released on Friday,Benzinga reports.
PTON has been the topic of a number of other research reports. Telsey Advisory Group reissued a "market perform" rating and set a $11.00 price target on shares of Peloton Interactive in a research report on Monday, February 3rd. Morgan Stanley raised their target price on Peloton Interactive from $3.50 to $5.00 and gave the company an "equal weight" rating in a report on Friday, November 1st. Truist Financial raised their target price on Peloton Interactive from $6.00 to $10.00 and gave the company a "hold" rating in a report on Friday, November 1st. Bank of America raised Peloton Interactive from an "underperform" rating to a "buy" rating and raised their target price for the company from $3.75 to $9.00 in a report on Monday, November 4th. Finally, Robert W. Baird raised their target price on Peloton Interactive from $4.75 to $8.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Sixteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $8.38.
Get Our Latest Analysis on Peloton Interactive
Peloton Interactive Trading Up 0.9 %
NASDAQ:PTON traded up $0.08 on Friday, hitting $8.65. The company's stock had a trading volume of 9,291,944 shares, compared to its average volume of 13,854,246. The stock has a fifty day moving average of $8.90 and a two-hundred day moving average of $6.71. The firm has a market capitalization of $3.30 billion, a P/E ratio of -11.19 and a beta of 1.95. Peloton Interactive has a one year low of $2.70 and a one year high of $10.90.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). As a group, sell-side analysts anticipate that Peloton Interactive will post -0.39 EPS for the current year.
Insider Buying and Selling
In related news, insider Andrew S. Rendich sold 138,391 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $7.51, for a total transaction of $1,039,316.41. Following the transaction, the insider now directly owns 287,973 shares of the company's stock, valued at $2,162,677.23. This represents a 32.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Elizabeth F. Coddington sold 186,462 shares of Peloton Interactive stock in a transaction on Monday, November 18th. The shares were sold at an average price of $7.58, for a total transaction of $1,413,381.96. Following the completion of the sale, the chief financial officer now directly owns 223,017 shares of the company's stock, valued at approximately $1,690,468.86. This trade represents a 45.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 395,813 shares of company stock valued at $3,041,724 in the last three months. Insiders own 1.34% of the company's stock.
Hedge Funds Weigh In On Peloton Interactive
A number of institutional investors have recently modified their holdings of the company. Gtcr LLC bought a new position in shares of Peloton Interactive in the third quarter valued at $65,520,000. Hennessy Advisors Inc. purchased a new stake in shares of Peloton Interactive in the fourth quarter valued at about $85,260,000. Two Sigma Advisers LP grew its stake in Peloton Interactive by 2.9% in the 3rd quarter. Two Sigma Advisers LP now owns 7,440,900 shares of the company's stock valued at $34,823,000 after purchasing an additional 206,500 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Peloton Interactive during the 4th quarter worth $39,992,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Peloton Interactive by 245.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,227,854 shares of the company's stock worth $36,782,000 after purchasing an additional 3,004,757 shares during the period. 77.01% of the stock is owned by institutional investors and hedge funds.
About Peloton Interactive
(
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.
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