Macquarie restated their neutral rating on shares of Peloton Interactive (NASDAQ:PTON - Free Report) in a report released on Monday morning,Benzinga reports. Macquarie currently has a $9.00 target price on the stock.
PTON has been the subject of several other research reports. JPMorgan Chase & Co. increased their price objective on shares of Peloton Interactive from $5.00 to $7.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Truist Financial raised their target price on shares of Peloton Interactive from $6.00 to $10.00 and gave the company a "hold" rating in a report on Friday, November 1st. BMO Capital Markets lifted their target price on shares of Peloton Interactive from $6.50 to $8.50 and gave the stock a "market perform" rating in a research report on Monday, November 4th. UBS Group upgraded shares of Peloton Interactive from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $2.50 to $10.00 in a research note on Friday, December 6th. Finally, Robert W. Baird upped their target price on shares of Peloton Interactive from $4.75 to $8.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Sixteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $8.38.
Check Out Our Latest Analysis on PTON
Peloton Interactive Price Performance
Shares of PTON stock traded up $0.97 on Monday, hitting $10.15. The company's stock had a trading volume of 26,272,612 shares, compared to its average volume of 14,392,069. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of -13.18 and a beta of 1.95. Peloton Interactive has a fifty-two week low of $2.70 and a fifty-two week high of $10.90. The firm's fifty day moving average price is $8.87 and its 200-day moving average price is $6.77.
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). Analysts predict that Peloton Interactive will post -0.39 EPS for the current fiscal year.
Insider Buying and Selling
In other Peloton Interactive news, CAO Saqib Baig sold 36,776 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $7.53, for a total value of $276,923.28. Following the transaction, the chief accounting officer now directly 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Andrew S. Rendich sold 138,391 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $7.51, for a total transaction of $1,039,316.41. Following the transaction, the insider now owns 287,973 shares in the company, valued at approximately $2,162,677.23. This trade represents a 32.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 395,813 shares of company stock valued at $3,041,724. 1.34% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Peloton Interactive
Several hedge funds have recently modified their holdings of PTON. AQR Capital Management LLC increased its position in Peloton Interactive by 689.6% during the 2nd quarter. AQR Capital Management LLC now owns 123,736 shares of the company's stock worth $418,000 after purchasing an additional 108,065 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Peloton Interactive by 253.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 181,589 shares of the company's stock worth $614,000 after purchasing an additional 130,242 shares during the period. Cubist Systematic Strategies LLC lifted its position in Peloton Interactive by 99.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 56,208 shares of the company's stock worth $190,000 after acquiring an additional 28,070 shares in the last quarter. Wedmont Private Capital acquired a new position in Peloton Interactive during the 3rd quarter worth approximately $77,000. Finally, nVerses Capital LLC lifted its position in Peloton Interactive by 57.1% during the 3rd quarter. nVerses Capital LLC now owns 30,000 shares of the company's stock worth $140,000 after acquiring an additional 10,900 shares in the last quarter. 77.01% of the stock is owned by institutional investors and hedge funds.
About Peloton Interactive
(
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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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