Robert W. Baird Increases Peloton Interactive (NASDAQ:PTON) Price Target to $4.00

Peloton Interactive (NASDAQ:PTON - Free Report) had its price target lifted by Robert W. Baird from $3.50 to $4.00 in a research report report published on Tuesday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other analysts have also recently issued reports on PTON. The Goldman Sachs Group cut their price objective on Peloton Interactive from $5.75 to $3.50 and set a neutral rating on the stock in a research note on Friday, May 3rd. Macquarie decreased their price objective on shares of Peloton Interactive from $4.50 to $2.53 and set a neutral rating for the company in a report on Friday, May 3rd. Sanford C. Bernstein cut shares of Peloton Interactive from an outperform rating to a market perform rating and dropped their target price for the stock from $8.00 to $3.80 in a report on Friday, May 3rd. BMO Capital Markets decreased their price target on shares of Peloton Interactive from $7.50 to $6.50 and set a market perform rating for the company in a report on Friday, May 3rd. Finally, Truist Financial dropped their price objective on shares of Peloton Interactive from $7.00 to $6.00 and set a hold rating on the stock in a research note on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Peloton Interactive has an average rating of Hold and a consensus price target of $5.14.

Peloton Interactive Stock Down 16.4 %

Shares of NASDAQ PTON traded down $0.64 during trading on Tuesday, reaching $3.27. 67,936,665 shares of the stock were exchanged, compared to its average volume of 16,290,999. The business's 50-day moving average price is $3.79 and its 200 day moving average price is $4.80. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of -1.55 and a beta of 2.01. Peloton Interactive has a twelve month low of $2.70 and a twelve month high of $9.87.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($0.45) earnings per share for the quarter, missing analysts' consensus estimates of ($0.39) by ($0.06). The business had revenue of $717.70 million for the quarter, compared to the consensus estimate of $720.85 million. During the same period in the prior year, the firm posted ($0.79) earnings per share. Peloton Interactive's revenue was down 4.2% compared to the same quarter last year. As a group, sell-side analysts expect that Peloton Interactive will post -1.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Elizabeth F. Coddington sold 8,977 shares of Peloton Interactive stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $4.34, for a total transaction of $38,960.18. Following the transaction, the chief financial officer now directly owns 104,428 shares of the company's stock, valued at $453,217.52. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 3.28% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Peloton Interactive

A number of institutional investors and hedge funds have recently modified their holdings of PTON. Vanguard Group Inc. raised its stake in Peloton Interactive by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 31,554,832 shares of the company's stock valued at $135,212,000 after purchasing an additional 1,215,397 shares during the period. Capital World Investors raised its position in Peloton Interactive by 17.6% during the fourth quarter. Capital World Investors now owns 26,259,325 shares of the company's stock valued at $159,919,000 after buying an additional 3,925,000 shares during the period. DNB Asset Management AS boosted its position in Peloton Interactive by 31.7% during the 4th quarter. DNB Asset Management AS now owns 8,386,903 shares of the company's stock worth $51,076,000 after acquiring an additional 2,020,159 shares during the period. Patient Capital Management LLC grew its stake in Peloton Interactive by 32.7% during the 4th quarter. Patient Capital Management LLC now owns 6,196,285 shares of the company's stock valued at $37,735,000 after acquiring an additional 1,527,471 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Peloton Interactive in the 4th quarter valued at about $20,824,000. Institutional investors and hedge funds own 77.01% of the company's stock.

Peloton Interactive Company Profile

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.