Canaccord Genuity Group upgraded shares of Peloton Interactive (NASDAQ:PTON - Free Report) from a hold rating to a buy rating in a research note issued to investors on Friday morning, MarketBeat Ratings reports. Canaccord Genuity Group currently has $10.00 price objective on the stock.
A number of other equities research analysts have also weighed in on PTON. Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a research note on Thursday, February 6th. UBS Group upgraded Peloton Interactive from a "sell" rating to a "neutral" rating and upped their price objective for the company from $2.50 to $10.00 in a research report on Friday, December 6th. Argus raised Peloton Interactive from a "hold" rating to a "buy" rating and set a $15.00 target price on the stock in a research report on Tuesday, February 11th. Citigroup reduced their price target on shares of Peloton Interactive from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. Finally, JMP Securities reiterated a "market perform" rating on shares of Peloton Interactive in a research note on Friday, February 7th. Fifteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $8.69.
Get Our Latest Stock Analysis on Peloton Interactive
Peloton Interactive Stock Performance
Shares of NASDAQ:PTON traded down $0.13 during midday trading on Friday, reaching $6.46. 16,245,529 shares of the company's stock traded hands, compared to its average volume of 15,822,443. Peloton Interactive has a one year low of $2.70 and a one year high of $10.90. The stock has a 50 day moving average of $8.07 and a 200 day moving average of $7.46. The company has a market cap of $2.52 billion, a price-to-earnings ratio of -8.39 and a beta of 1.95.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). Sell-side analysts predict that Peloton Interactive will post -0.36 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, insider Andrew S. Rendich sold 121,883 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $9.54, for a total transaction of $1,162,763.82. Following the completion of the sale, the insider now owns 404,188 shares in the company, valued at approximately $3,855,953.52. This trade represents a 23.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nick V. Caldwell sold 68,727 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $6.59, for a total value of $452,910.93. Following the completion of the transaction, the insider now directly owns 474,234 shares in the company, valued at approximately $3,125,202.06. This represents a 12.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 691,597 shares of company stock worth $5,671,783. Corporate insiders own 1.34% of the company's stock.
Institutional Trading of Peloton Interactive
Several hedge funds have recently bought and sold shares of the stock. R Squared Ltd purchased a new position in shares of Peloton Interactive during the fourth quarter valued at about $28,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in 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. Russell Investments Group Ltd. grew its holdings in Peloton Interactive by 969.6% during the 4th quarter. Russell Investments Group Ltd. now owns 4,011 shares of the company's stock valued at $35,000 after buying an additional 3,636 shares in the last quarter. Comerica Bank increased its stake in Peloton Interactive by 29.1% in the 4th quarter. Comerica Bank now owns 6,164 shares of the company's stock worth $54,000 after acquiring an additional 1,389 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Peloton Interactive during the 3rd quarter worth approximately $58,000. 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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