Peloton Interactive (NASDAQ:PTON - Get Free Report) had its target price raised by equities research analysts at The Goldman Sachs Group from $8.00 to $10.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. The Goldman Sachs Group's target price would indicate a potential downside of 1.16% from the company's current price.
Several other research analysts have also weighed in on the company. UBS Group raised Peloton Interactive from a "sell" rating to a "neutral" rating and increased their target price for the stock from $2.50 to $10.00 in a research report on Friday, December 6th. Morgan Stanley increased their price objective on shares of Peloton Interactive from $3.50 to $5.00 and gave the company an "equal weight" rating in a research report on Friday, November 1st. Macquarie lifted their target price on Peloton Interactive from $4.90 to $9.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Robert W. Baird boosted their price target on Peloton Interactive from $4.75 to $8.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $11.00 price objective on shares of Peloton Interactive in a report on Monday, February 3rd. Sixteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Peloton Interactive has an average rating of "Hold" and an average price target of $8.38.
Check Out Our Latest Analysis on PTON
Peloton Interactive Price Performance
Peloton Interactive stock traded up $0.94 during mid-day trading on Monday, reaching $10.12. The company had a trading volume of 22,125,474 shares, compared to its average volume of 14,233,430. The stock's 50-day simple moving average is $8.87 and its 200-day simple moving average is $6.77. The company has a market capitalization of $3.86 billion, a P/E ratio of -13.15 and a beta of 1.95. Peloton Interactive has a 1 year low of $2.70 and a 1 year high of $10.90.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.04). On average, equities analysts forecast that Peloton Interactive will post -0.39 EPS for the current fiscal year.
Insider Transactions at Peloton Interactive
In other news, CAO Saqib Baig sold 36,776 shares of Peloton Interactive stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $7.53, for a total transaction of $276,923.28. Following the completion of the sale, the chief accounting officer now directly owns 137,357 shares in the company, valued at $1,034,298.21. The trade was a 21.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Karen Boone sold 16,925 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $9.64, for a total value of $163,157.00. Following the completion of the transaction, the chief executive officer now owns 228,217 shares in the company, valued at $2,200,011.88. This represents a 6.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 395,813 shares of company stock valued at $3,041,724 over the last three months. 1.34% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Peloton Interactive
Hedge funds have recently made changes to their positions in the stock. R Squared Ltd acquired a new position in Peloton Interactive in the fourth quarter worth about $28,000. Russell Investments Group Ltd. raised its position in Peloton Interactive by 969.6% in the 4th 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. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Peloton Interactive by 31.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,605 shares of the company's stock valued at $31,000 after acquiring an additional 1,597 shares during the period. SBI Securities Co. Ltd. acquired a new position in Peloton Interactive during the 4th quarter valued at about $69,000. Finally, C M Bidwell & Associates Ltd. bought a new position in Peloton Interactive in the fourth quarter valued at approximately $72,000. Institutional investors own 77.01% of the company's stock.
Peloton Interactive Company Profile
(
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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