Shares of Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) rose 7.2% during mid-day trading on Monday after Argus upgraded the stock from a hold rating to a buy rating. Argus now has a $15.00 price target on the stock. Peloton Interactive traded as high as $8.93 and last traded at $8.98. Approximately 6,117,363 shares traded hands during trading, a decline of 54% from the average daily volume of 13,359,142 shares. The stock had previously closed at $8.37.
A number of other equities research analysts have also commented on the company. Macquarie reiterated a "neutral" rating and issued a $9.00 target price on shares of Peloton Interactive in a research report on Monday. The Goldman Sachs Group raised their target price on shares of Peloton Interactive from $8.00 to $10.00 and gave the stock a "neutral" rating in a report on Monday. Morgan Stanley upped their price target on shares of Peloton Interactive from $3.50 to $5.00 and gave the company an "equal weight" rating in a report on Friday, November 1st. Needham & Company LLC reiterated a "hold" rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Finally, Sanford C. Bernstein boosted 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. Sixteen analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Peloton Interactive currently has a consensus rating of "Hold" and an average target price of $8.38.
Check Out Our Latest Research Report on PTON
Insider Activity at Peloton Interactive
In other Peloton Interactive news, CEO Karen Boone sold 16,925 shares of the company's stock in a transaction dated Thursday, December 5th. The shares were 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 directly owns 228,217 shares of the company's stock, valued at $2,200,011.88. This represents a 6.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Saqib Baig sold 36,776 shares of Peloton Interactive stock in a transaction that occurred 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 sale, the chief accounting officer now owns 137,357 shares in the company, valued at $1,034,298.21. This represents a 21.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 395,813 shares of company stock worth $3,041,724. 1.34% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new position in Peloton Interactive in the fourth quarter worth $28,000. Point72 Asia Singapore Pte. Ltd. increased 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. Russell Investments Group Ltd. raised its holdings in Peloton Interactive by 969.6% during the fourth 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 in the last quarter. Verdence Capital Advisors LLC acquired a new stake in Peloton Interactive in the third quarter worth approximately $52,000. Finally, Ballentine Partners LLC acquired a new stake in Peloton Interactive in the third quarter worth approximately $55,000. 77.01% of the stock is currently owned by institutional investors.
Peloton Interactive Trading Up 10.6 %
The firm has a 50-day moving average price of $8.87 and a 200-day moving average price of $6.77. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of -13.18 and a beta of 1.95.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Equities research analysts predict that Peloton Interactive, Inc. will post -0.39 EPS for the current fiscal year.
Peloton Interactive Company Profile
(
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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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