Peloton Interactive (NASDAQ:PTON) Sets New 12-Month High - Here's What Happened

Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The stock traded as high as $9.07 and last traded at $9.07, with a volume of 802838 shares. The stock had previously closed at $8.90.

Analysts Set New Price Targets

Several analysts have recently issued reports on PTON shares. BMO Capital Markets upped their target price on shares of Peloton Interactive from $6.50 to $8.50 and gave the stock a "market perform" rating in a research note on Monday, November 4th. Macquarie increased their price objective on shares of Peloton Interactive from $4.90 to $9.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Robert W. Baird lifted their target price on shares of Peloton Interactive from $4.75 to $8.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their target price on Peloton Interactive from $5.00 to $7.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Finally, Sanford C. Bernstein lifted their price target on Peloton Interactive from $4.25 to $6.50 and gave the stock a "market perform" rating in a report on Friday, November 1st. Fifteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Peloton Interactive presently has an average rating of "Hold" and an average price target of $6.75.

Peloton Interactive Price Performance

The stock has a market cap of $3.27 billion, a PE ratio of -8.02 and a beta of 1.93. The firm's 50 day moving average price is $5.44 and its two-hundred day moving average price is $4.25.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The firm had revenue of $586.00 million during the quarter, compared to analysts' expectations of $572.97 million. During the same quarter in the previous year, the company posted ($0.44) EPS. The firm's revenue for the quarter was down 1.6% on a year-over-year basis. Analysts anticipate that Peloton Interactive, Inc. will post -0.38 earnings per share for the current year.

Insider Activity at Peloton Interactive

In related news, CFO Elizabeth F. Coddington sold 56,084 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $4.50, for a total value of $252,378.00. Following the transaction, the chief financial officer now directly owns 186,466 shares in the company, valued at approximately $839,097. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Elizabeth F. Coddington sold 56,084 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $4.50, for a total transaction of $252,378.00. Following the transaction, the chief financial officer now directly owns 186,466 shares in the company, valued at approximately $839,097. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Saqib Baig sold 50,000 shares of the stock in a transaction on 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 194,888 shares of company stock valued at $1,038,717. Company insiders own 1.34% of the company's stock.

Institutional Investors Weigh In On Peloton Interactive

Several institutional investors have recently added to or reduced their stakes in PTON. Mercer Global Advisors Inc. ADV bought a new position in shares of Peloton Interactive during the second quarter valued at approximately $27,000. Skylands Capital LLC purchased a new stake in Peloton Interactive during the second quarter valued at $30,000. Nisa Investment Advisors LLC increased its position in shares of Peloton Interactive by 1,836.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 9,490 shares of the company's stock valued at $32,000 after purchasing an additional 9,000 shares during the last quarter. Schneider Downs Wealth Management Advisors LP bought a new position in Peloton Interactive in the second quarter worth approximately $35,000. Finally, CIBC Asset Management Inc bought a new position in Peloton Interactive in the 2nd quarter worth $35,000. Hedge funds and other institutional investors own 77.01% of the company's stock.

About Peloton Interactive

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.