Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $6.07, but opened at $6.59. Peloton Interactive shares last traded at $6.64, with a volume of 4,876,108 shares traded.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on PTON shares. JMP Securities reiterated a "market perform" rating on shares of Peloton Interactive in a report on Friday, February 7th. The Goldman Sachs Group raised their target price on Peloton Interactive from $8.00 to $10.00 and gave the company a "neutral" rating in a research report on Monday, February 10th. Macquarie reiterated a "neutral" rating and set a $9.00 price target on shares of Peloton Interactive in a research note on Monday, February 10th. Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Finally, Citigroup cut their target price on Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. Fifteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $8.69.
View Our Latest Stock Report on PTON
Peloton Interactive Price Performance
The company has a market capitalization of $2.52 billion, a PE ratio of -8.39 and a beta of 1.95. The firm has a 50-day moving average of $8.02 and a 200 day moving average of $7.47.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted 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). Equities analysts expect that Peloton Interactive, Inc. will post -0.36 EPS for the current year.
Insider Activity at Peloton Interactive
In other Peloton Interactive news, Director Karen Boone sold 17,259 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $8.63, for a total transaction of $148,945.17. Following the completion of the transaction, the director now owns 244,641 shares in the company, valued at $2,111,251.83. This trade represents a 6.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Andrew S. Rendich sold 121,883 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $9.54, for a total value of $1,162,763.82. Following the transaction, the insider now owns 404,188 shares of the company's stock, valued at $3,855,953.52. This represents a 23.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 691,597 shares of company stock valued at $5,671,783. 1.34% of the stock is owned by company insiders.
Hedge Funds Weigh In On Peloton Interactive
A number of institutional investors and hedge funds have recently modified their holdings of PTON. Los Angeles Capital Management LLC purchased a new position in shares of Peloton Interactive in the 3rd quarter worth approximately $212,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Peloton Interactive during the 3rd quarter valued at $5,724,000. Intech Investment Management LLC purchased a new position in Peloton Interactive during the 3rd quarter valued at $327,000. Landscape Capital Management L.L.C. purchased a new position in Peloton Interactive during the 3rd quarter valued at $981,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Peloton Interactive by 7.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,996,356 shares of the company's stock valued at $18,703,000 after acquiring an additional 291,946 shares during the period. Hedge funds and other 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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