Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report)'s stock price traded up 6.4% during mid-day trading on Thursday . The stock traded as high as $10.04 and last traded at $9.96. 3,755,931 shares were traded during trading, a decline of 77% from the average session volume of 16,065,721 shares. The stock had previously closed at $9.36.
Wall Street Analyst Weigh In
Several analysts have recently commented on PTON shares. Telsey Advisory Group increased their target price on shares of Peloton Interactive from $5.00 to $9.00 and gave the company a "market perform" rating in a report on Friday, November 1st. Sanford C. Bernstein increased their price objective on Peloton Interactive from $4.25 to $6.50 and gave the company a "market perform" rating in a report on Friday, November 1st. UBS Group upgraded Peloton Interactive from a "sell" rating to a "neutral" rating and boosted their target price for the company from $2.50 to $10.00 in a research note on Friday, December 6th. JPMorgan Chase & Co. increased 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, Bank of America upgraded Peloton Interactive from an "underperform" rating to a "buy" rating and boosted their price objective for the company from $3.75 to $9.00 in a research note on Monday, November 4th. Sixteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $6.97.
Check Out Our Latest Stock Report on Peloton Interactive
Peloton Interactive Stock Performance
The firm has a market capitalization of $3.92 billion, a P/E ratio of -9.60 and a beta of 1.90. The business has a 50 day simple moving average of $8.45 and a two-hundred day simple moving average of $5.56.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.01). The firm had revenue of $586.00 million for the quarter, compared to the consensus estimate of $572.97 million. During the same period last year, the business earned ($0.44) earnings per share. The business's quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities analysts anticipate that Peloton Interactive, Inc. will post -0.38 earnings per share for the current fiscal year.
Insider Buying and Selling at Peloton Interactive
In other Peloton Interactive news, insider Andrew S. Rendich sold 138,391 shares of the firm's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $7.51, for a total value of $1,039,316.41. Following the completion of the sale, the insider now directly owns 287,973 shares in the company, valued at $2,162,677.23. This trade represents a 32.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Saqib Baig sold 36,776 shares of the company's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $7.53, for a total value 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 approximately $1,034,298.21. The trade was a 21.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 430,539 shares of company stock worth $3,260,596. 1.34% of the stock is currently owned by company insiders.
Institutional Trading of Peloton Interactive
Institutional investors and hedge funds have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV bought a new stake in Peloton Interactive in the 2nd quarter worth approximately $27,000. Point72 Asia Singapore Pte. Ltd. raised its position 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 buying an additional 1,597 shares during the last quarter. CIBC Asset Management Inc bought a new position in shares of Peloton Interactive during the 2nd quarter valued at about $35,000. Schneider Downs Wealth Management Advisors LP bought a new position in Peloton Interactive during the second quarter valued at approximately $35,000. Finally, Koss Olinger Consulting LLC purchased a new position in shares of Peloton Interactive in the second quarter valued at $36,000. 77.01% of the stock is currently owned by institutional investors.
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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