Shares of Peloton Interactive, Inc. (NASDAQ:PTON - Get Free Report) have been assigned an average rating of "Hold" from the twenty analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $4.52.
A number of equities analysts recently weighed in on the company. Wolfe Research assumed coverage on Peloton Interactive in a report on Tuesday, July 16th. They set a "peer perform" rating on the stock. Robert W. Baird upped their price objective on shares of Peloton Interactive from $4.00 to $4.75 and gave the company a "neutral" rating in a research note on Monday, August 26th. TD Cowen lifted their target price on shares of Peloton Interactive from $3.00 to $4.00 and gave the stock a "hold" rating in a research report on Friday, August 23rd. Needham & Company LLC restated a "hold" rating on shares of Peloton Interactive in a research report on Thursday, August 22nd. Finally, JPMorgan Chase & Co. downgraded Peloton Interactive from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $7.00 to $5.00 in a report on Friday, August 23rd.
View Our Latest Analysis on PTON
Peloton Interactive Stock Performance
PTON traded up $0.04 on Friday, reaching $4.70. The company had a trading volume of 13,572,482 shares, compared to its average volume of 12,436,835. Peloton Interactive has a 52-week low of $2.70 and a 52-week high of $7.24. The company has a market cap of $1.77 billion, a price-to-earnings ratio of -2.23 and a beta of 2.04. The business has a 50 day simple moving average of $4.13 and a 200 day simple moving average of $3.81.
Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its quarterly earnings data on Thursday, August 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.18) by $0.10. The company had revenue of $644.00 million for the quarter, compared to the consensus estimate of $633.00 million. The business's revenue was up .3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.68) earnings per share. As a group, equities research analysts predict that Peloton Interactive will post -0.65 EPS for the current fiscal year.
Insider Activity at Peloton Interactive
In other Peloton Interactive news, CEO Chris Bruzzo sold 15,113 shares of the firm's stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $3.42, for a total value of $51,686.46. Following the completion of the sale, the chief executive officer now directly owns 97,433 shares in the company, valued at $333,220.86. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CFO Elizabeth F. Coddington sold 56,084 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $4.50, for a total value of $252,378.00. Following the completion of the transaction, the chief financial officer now directly owns 186,466 shares in the company, valued at $839,097. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Chris Bruzzo sold 15,113 shares of the business's stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $3.42, for a total transaction of $51,686.46. Following the sale, the chief executive officer now directly owns 97,433 shares in the company, valued at $333,220.86. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 158,016 shares of company stock worth $722,587 over the last 90 days. 3.28% of the stock is owned by company insiders.
Hedge Funds Weigh In On Peloton Interactive
Several large investors have recently made changes to their positions in the business. Treasurer of the State of North Carolina raised its position in shares of Peloton Interactive by 7.1% in the 4th quarter. Treasurer of the State of North Carolina now owns 148,914 shares of the company's stock worth $907,000 after purchasing an additional 9,810 shares during the last quarter. Waterloo Capital L.P. bought a new position in shares of Peloton Interactive in the fourth quarter worth approximately $103,000. Seven Eight Capital LP purchased a new stake in shares of Peloton Interactive during the fourth quarter valued at approximately $855,000. CastleKnight Management LP increased its position in shares of Peloton Interactive by 315.0% during the fourth quarter. CastleKnight Management LP now owns 198,800 shares of the company's stock valued at $1,211,000 after acquiring an additional 150,900 shares in the last quarter. Finally, Honeycomb Asset Management LP purchased a new position in Peloton Interactive in the 4th quarter worth approximately $3,045,000. 77.01% of the stock is currently owned by hedge funds and other 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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