Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The company traded as high as $10.64 and last traded at $10.58, with a volume of 5685352 shares traded. The stock had previously closed at $10.25.
Analysts Set New Price Targets
PTON has been the subject of several research reports. Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a research note on Friday, November 1st. JMP Securities reaffirmed a "market perform" rating on shares of Peloton Interactive in a research note on Thursday, October 3rd. Morgan Stanley boosted their price target on Peloton Interactive from $3.50 to $5.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their price target on Peloton Interactive from $5.00 to $7.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Finally, Truist Financial lifted their price objective on Peloton Interactive from $6.00 to $10.00 and gave the company a "hold" rating in a research note on Friday, November 1st. Sixteen analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Peloton Interactive currently has a consensus rating of "Hold" and a consensus price target of $6.97.
Check Out Our Latest Research Report on PTON
Peloton Interactive Stock Performance
The stock has a market capitalization of $4.03 billion, a P/E ratio of -9.88 and a beta of 1.90. The firm has a fifty day moving average price of $7.94 and a two-hundred day moving average price of $5.33.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.01). The business had revenue of $586.00 million for the quarter, compared to analyst estimates of $572.97 million. During the same period in the prior year, the company posted ($0.44) earnings per share. The company's revenue was down 1.6% compared to the same quarter last year. On average, research analysts anticipate that Peloton Interactive, Inc. will post -0.38 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CEO Karen Boone sold 16,925 shares of the business's stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $9.64, for a total value of $163,157.00. Following the sale, the chief executive officer now owns 228,217 shares in the company, valued at approximately $2,200,011.88. The trade was a 6.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Chris Bruzzo sold 24,977 shares of Peloton Interactive stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $5.80, for a total value of $144,866.60. Following the completion of the transaction, the chief executive officer now owns 149,240 shares of the company's stock, valued at approximately $865,592. This represents a 14.34 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 430,539 shares of company stock valued at $3,260,596. 1.34% of the stock is owned by corporate insiders.
Institutional Trading of Peloton Interactive
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PTON. Gtcr LLC bought a new position in shares of Peloton Interactive in the third quarter worth about $65,520,000. DME Capital Management LP acquired a new position in shares of Peloton Interactive during the second quarter worth $22,947,000. Clearline Capital LP purchased a new position in shares of Peloton Interactive in the 2nd quarter valued at approximately $7,527,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Peloton Interactive in the 3rd quarter worth approximately $8,363,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Peloton Interactive during the 3rd quarter valued at approximately $5,724,000. 77.01% of the stock is owned by hedge funds and other institutional investors.
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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