Peloton Interactive (NASDAQ:PTON) Stock Rating Upgraded by Deutsche Bank Aktiengesellschaft

Peloton Interactive (NASDAQ:PTON - Get Free Report) was upgraded by equities researchers at Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating in a research note issued on Monday, MarketBeat reports. The firm presently has a $6.60 price objective on the stock. Deutsche Bank Aktiengesellschaft's price target suggests a potential upside of 22.45% from the company's previous close.

Several other brokerages have also issued reports on PTON. JPMorgan Chase & Co. decreased their price target on shares of Peloton Interactive from $8.00 to $7.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. JMP Securities restated a "market perform" rating on shares of Peloton Interactive in a research report on Friday, February 7th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $11.00 target price on shares of Peloton Interactive in a research note on Monday, February 3rd. Canaccord Genuity Group upgraded shares of Peloton Interactive from a "hold" rating to a "buy" rating and set a $10.00 target price on the stock in a research report on Friday, March 14th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Peloton Interactive in a research note on Thursday, February 6th. Fifteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $8.54.

Peloton Interactive Trading Down 4.1 %

Shares of NASDAQ PTON traded down $0.23 during mid-day trading on Monday, hitting $5.39. The company had a trading volume of 14,905,086 shares, compared to its average volume of 16,072,421. The firm has a 50-day simple moving average of $6.92 and a two-hundred day simple moving average of $7.64. Peloton Interactive has a one year low of $2.70 and a one year high of $10.90. The company has a market capitalization of $2.10 billion, a PE ratio of -7.00 and a beta of 2.21.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Sell-side analysts expect that Peloton Interactive will post -0.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Peloton Interactive news, insider Jennifer Cunningham Cotter sold 187,238 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $6.45, for a total transaction of $1,207,685.10. Following the sale, the insider now directly owns 100,269 shares of the company's stock, valued at $646,735.05. This trade represents a 65.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andrew S. Rendich sold 121,883 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $9.54, for a total transaction of $1,162,763.82. Following the transaction, the insider now directly owns 404,188 shares of the company's stock, valued at $3,855,953.52. This trade represents a 23.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 674,338 shares of company stock valued at $5,522,838. 1.34% of the stock is owned by insiders.

Institutional Trading of Peloton Interactive

A number of institutional investors have recently bought and sold shares of PTON. Vanguard Group Inc. raised its holdings in shares of Peloton Interactive by 4.9% in the fourth quarter. Vanguard Group Inc. now owns 35,059,790 shares of the company's stock valued at $305,020,000 after acquiring an additional 1,645,640 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Peloton Interactive by 38.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 16,820,256 shares of the company's stock valued at $146,337,000 after purchasing an additional 4,635,667 shares during the last quarter. DME Capital Management LP lifted its holdings in shares of Peloton Interactive by 10.4% in the 4th quarter. DME Capital Management LP now owns 10,522,687 shares of the company's stock worth $91,547,000 after acquiring an additional 992,797 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of Peloton Interactive in the 4th quarter valued at $85,260,000. Finally, Geode Capital Management LLC grew its holdings in shares of Peloton Interactive by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 8,270,328 shares of the company's stock valued at $71,969,000 after purchasing an additional 170,901 shares in the last quarter. 77.01% of the stock is currently owned by institutional investors.

About Peloton Interactive

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.