Peloton Interactive (NASDAQ:PTON - Free Report) had its price target reduced by JPMorgan Chase & Co. from $8.00 to $7.00 in a report published on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.
PTON has been the subject of a number of other reports. Argus raised shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 price target for the company in a research note on Tuesday, February 11th. Telsey Advisory Group restated a "market perform" rating and set a $11.00 target price on shares of Peloton Interactive in a research report on Monday, February 3rd. The Goldman Sachs Group increased their price target on Peloton Interactive from $8.00 to $10.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. Macquarie restated a "neutral" rating and set a $9.00 price objective on shares of Peloton Interactive in a report on Monday, February 10th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Fifteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $8.69.
Check Out Our Latest Research Report on PTON
Peloton Interactive Price Performance
Shares of Peloton Interactive stock traded up $0.08 during trading on Tuesday, reaching $5.58. 7,949,592 shares of the stock traded hands, compared to its average volume of 16,094,768. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of -7.25 and a beta of 2.21. Peloton Interactive has a 52-week low of $2.70 and a 52-week high of $10.90. The business has a fifty day simple moving average of $7.13 and a two-hundred day simple moving average of $7.64.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). On average, research analysts predict that Peloton Interactive will post -0.36 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CAO Saqib Baig sold 22,662 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.75, for a total value of $220,954.50. Following the completion of the transaction, the chief accounting officer now owns 130,031 shares in the company, valued at $1,267,802.25. This trade represents a 14.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Nick V. Caldwell sold 68,727 shares of Peloton Interactive stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $6.59, for a total value of $452,910.93. Following the sale, the insider now directly owns 474,234 shares of the company's stock, valued at approximately $3,125,202.06. This represents a 12.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 674,338 shares of company stock worth $5,522,838 in the last three months. Corporate insiders own 1.34% of the company's stock.
Institutional Investors Weigh In On Peloton Interactive
A number of institutional investors and hedge funds have recently modified their holdings of the company. R Squared Ltd purchased a new position in Peloton Interactive during the 4th quarter worth approximately $28,000. Russell Investments Group Ltd. raised its holdings in shares of Peloton Interactive by 969.6% during the fourth quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock worth $35,000 after purchasing an additional 3,636 shares during the last quarter. GAMMA Investing LLC lifted its position in Peloton Interactive by 1,082.5% during the first quarter. GAMMA Investing LLC now owns 8,159 shares of the company's stock valued at $52,000 after purchasing an additional 7,469 shares during the period. Comerica Bank boosted its holdings in Peloton Interactive by 29.1% in the fourth quarter. Comerica Bank now owns 6,164 shares of the company's stock valued at $54,000 after purchasing an additional 1,389 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Peloton Interactive during the 3rd quarter worth about $58,000. Institutional investors and hedge funds own 77.01% of the company's stock.
About Peloton Interactive
(
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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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